Thread: Skate - The Future of Interoperable Blockchain Applications 🛹🚀

1/ Why does Skate exist?

The rise of Layer 2s (L2s) for scaling Ethereum has led to increased custom-purpose L2s & L3s. However, this causes liquidity fragmentation across chains. Enter Skate! 🌐

3/ Skate's Solution: Interoperable Applications

Skate addresses liquidity fragmentation by separating assets from pricing. Developers can now deploy apps seamlessly across multiple chains without worrying about cross-chain compatibility. 🌉

4/ Simplifying User Experience

The intent-centric architecture lets users focus on what they want to achieve rather than how to do it. Signed messages (intents) streamline interactions, making dApps more user-friendly. 🖥️

5/ Skate’s Architecture

Skate enables Stateless Apps to maintain a consistent state across EVM and non-EVM chains. This eliminates fragmentation and enhances operational efficiency. 🏗️

6/ Key Components

Nollie (EVM Hub Chain): Central hub managing core logic.
Preconfirmation AVS (Eigenlayer): Validates interactions before execution.
Intent Execution Network: Decentralized executors process user intents. ⚙️

7/ How It Works

Users create intents on any chain.
Executors pick up and reserve these intents.
Preconfirmation AVS validates interactions.
Executors settle the intents across chains. 🧩

8/ The Future is Here

Skate’s innovative approach empowers developers and enhances user experiences, bridging the gap in the blockchain ecosystem. Ready to skate into the future? 🛹💡

2/ The Problem: Fragmented Liquidity

Existing interoperability solutions often make things worse. New cross-chain tokens compete with original assets, draining liquidity and complicating the ecosystem. 💧