Liquium

Invite liquidity from all chains onto yours, through incentivized LP programs

Liquium

Created At

ETHGlobal Buenos Aires

Winner of

Yellow

Yellow - Yellow Prize Pool 2nd place

Project Description

Liquium helps defi protocols to create incentive programs to enable LP positions from any chain. In the growing world of application-specific chains, it's a challenge to bring liquidity to an individual one. Liquium uses ERC-7824 state channels to enable LP-ing from one blockchain from any other.

DeFi protocols create "deals" for the chain they are built on (for example, a 10% boost for USDC lending protocols on Arbitrum, or a 5% WBTC-denominated reward for ETH-WBTC pools for a Base protocol). Liquium enables liquidity provisioning (in terms of LP positions) to such a "deal" from any source chain.

We deal with the forward logistics of making your funds reach the LP protocol, as well as the reverse logistics of the withdrawn/unstaked funds from the protocol to your source chain. For rewards, we regularly claim them and add them to your virtual balance, which can be withdrawn to any chain you wish.

How it's Made

We use ERC-7824 state channels provided by Yellow Protocol in order to enable the cross-chain movement of funds, and falling back to LayerZero bridging in case of broker-unavailability in a particular instance.

Once the fund movement is done, we regularly deposit the accumulated funds onto the protocol, and claim rewards from it. The user-specific values of the amounts deposited (and consequently the share of rewards earned) are provided to our Deal contract using time-series oracles (using Flare's FTSO framework).

The entire off-chain components we use (to set-call the oracles, or cron-jobs handling deposit/withdrawal flows) are hosted on Fluence's DePIN, enabling trustless orchestration. For a better experience, we showcase all available deals on Octav's widget as well, in addition to our frontend.

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