Boo Market

Boo Market (BooM) is an innovative omnichain solution designed to create "ghost liquidity" across multiple blockchain ecosystems without actually removing liquidity from any of them. This unique approach enables users to engage with and access assets seamlessly, regardless of the chain they are on. One compelling use case of Boo Market is the facilitation of memecoin access on WorldChain, a blockchain where users receive WLD tokens monthly but lack efficient ways to spend them.

To make this possible, Boo Market leverages cutting-edge tools such as LzCompose and Swap Hooks. LzCompose, is built for calling a cross-chain action in our applications. In the PoC example, it would call swap and hooks which allow Boo Market to dynamically integrate swap functions that operate across chains, ensuring that liquidity remains intact while enabling cross-chain asset exchanges (send token from chain A to chain B --> performing action --> returning final token from chain B to chain A, this is almost zero sum).

Here's a quick walkthrough the PoC working flow: when a user on WorldChain wants to swap WLD for a popular memecoin available on another chain, Boo Market facilitates a cross-chain swap without directly moving the underlying liquidity. Instead of removing liquidity from the original chain, Boo Market borrows liquidity momentarily by facilitating a swap on the other chain where the memecoin resides. This swap results in the memecoin being exchanged for WLD. The process then routes the memecoin back to the user on WorldChain, completing the loop and delivering the desired token while maintaining liquidity across all involved chains.

This approach prevents disruptions to existing liquidity pools and mitigates the risks associated with liquidity fragmentation. By "borrowing" liquidity momentarily and swapping assets as needed, Boo Market maintains stability across networks, offering users a seamless, omnichain trading experience that brings value to their holdings without depleting or redistributing liquidity pools.

Boo Market (BooM) is an advanced omnichain solution designed to facilitate "ghost liquidity" across various blockchains, enabling users to access a wide range of assets without causing disruptions to existing liquidity pools. By allowing seamless transactions across chains, Boo Market opens up new possibilities for users who want to make use of their assets across different blockchain ecosystems. A standout example of this is enabling memecoin access on WorldChain, where users receive monthly WLD tokens but often face limited options for spending them effectively.

To achieve its cross-chain capabilities, Boo Market employs LZ Compose, a robust framework developed to call and manage omnichain actions. This technology is the backbone of Boo Market's operations, making it possible to execute complex swaps on external chains and bring the final tokens back to the user’s original chain. LZ Compose ensures that these actions are conducted in an efficient, secure, and coordinated manner, preserving the user experience and maintaining the integrity of liquidity pools.

Moreover, Boo Market utilizes Swap Hooks to integrate and execute swap functionalities seamlessly across different chains. These hooks allow Boo Market to temporarily engage liquidity on a different chain to perform a swap. However, it’s crucial to note that this process doesn’t remove liquidity from the original source. Instead, Boo Market operates by "borrowing" liquidity on a secondary chain to carry out the swap and subsequently returns the swapped token to the user's original chain. This ensures that liquidity across all chains remains undisturbed, maintaining network stability and preventing fragmentation.

To showcase the potential of Boo Market’s omnichain protocol, the MiniappKit from WorldCoin is incorporated as part of a proof-of-concept (PoC). This MiniappKit illustrates how users on WorldChain can leverage Boo Market to swap their monthly WLD tokens for various memecoins or other desired assets from different chains. By integrating with WorldCoin’s MiniappKit, Boo Market demonstrates a practical and user-centric use case where holders of WLD can extend the utility of their assets beyond WorldChain's native ecosystem.

This strategic use of LZ Compose and MiniappKit exemplifies how Boo Market bridges the gap between isolated blockchains, enhancing liquidity without depletion. By creating an environment where liquidity is temporarily harnessed but never permanently moved, Boo Market ensures that the trading experience remains fluid and interconnected, fostering a truly omnichain financial ecosystem.