The Good Tech Companies - Enso Drives $2.1B Liquidity for Boyco: How To Bootstrap Liquidity Without Centralized Market Makers

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Enso drives $2.1 billion liquidity for Boiko. How to bootstrap liquidity without centralized market makers, by Ashan Pandey. Boiko, a liquidity coordination platform built on Barachain's Roiko protocol, has locked $2.1 billion in pre-launch deposits since integrating in SO's blockchain automation tools. The figure highlights a growing fix for Layer 1 blockchain's cold start problem. How to bootstrap liquidity without centralized market makers. By letting DAPP sand liquidity providers, LPs, negotiate incentives on-chain,

Starting point is 00:00:40 Boico aims to align supply with ecosystem needs, but skeptics question whether algorithmic coordination can replace human intermediation at scale. New blockchains often struggle to attract liquidity before their DAPPs go live, a hurdle Barachain sidesteps via Boico's incentive markets. Projects define terms, e.g., lock-up periods, token rewards rewards while lps bid to supply assets ensa's infrastructure then automates cross-chain transfers via layer 0 and stargate converting complex deployments into one-click shortcuts to facilitate the transfer of assets across different blockchains boico uses layer 0 and stargate two prominent cross-chain interoperability solutions. This integration allows participants in Boico to move assets like USDC, USDT, DAI, WETH, and WBTC quickly and securely.

Starting point is 00:01:34 Additionally, Enso automates the process of depositing liquidity. This automation simplifies complex, multi-step transactions into single actions through Enso shortcuts. Enso connects with 11 applications set to launch on Barachain, helping route liquidity to the appropriate protocols. This ensures that each DAP receives the necessary funds to begin operations immediately after the mainnet launch. The process of how Boico operates involves several steps. 1. Applications create Roico markets, setting transaction parameters and offering incentives. 2. LPs review and negotiate offers on-chain, deciding to lock funds for specified periods. 3. Assets are transferred to Barachain using Layer 0 and Stargate.

Starting point is 00:02:18 4. Liquidity is deployed into smart contracts through ENSO shortcuts as soon as the application launches on the mainnet. Connor Howe, co-founder of Enso, stated, Greater than Enso powering Boico's DeFi interactions demonstrates our commitment to greater than enabling the next generation of blockchain ecosystems. By taking care of all greater than the necessary integrations, we've saved Boico hundreds of engineering hours. Boico aims to set a new standard in acquiring liquidity for blockchains by focusing on transparency, collaboration, and efficiency. Through Enso shortcuts, which condense multi-step blockchain operations into single transactions,

Starting point is 00:02:56 Boico enables DAPPs to receive liquidity effortlessly and function effectively from day one. Final thoughts. The collaboration between Enso and Boiko highlights a significant advancement in addressing liquidity challenges for new blockchains. By leveraging Enso's infrastructure and Boiko's innovative approach, Barachain is positioned to facilitate a smoother and more efficient launch for its ecosystem. The achievement of $2.1 billion in total value locked demonstrates strong confidence from liquidity providers and sets a foundation for sustained growth. As more applications integrate with Boico,

Starting point is 00:03:30 the streamlined liquidity provisioning could become a model for other blockchain platforms seeking to enhance their DeFi operations from inception. Don't forget to like and share the story. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Enso Drives $2.1B Liquidity for Boyco: How To Bootstrap Liquidity Without Centralized Market Makers

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