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📞Cashmere Labs

Recorded: Nov. 8, 2022 Duration: 0:04:51

Space Recording

Open Original Space

Full Transcription

0:01:07 - 0:01:27

Yeah, I guess we are back here. Sorry about all the international issues. It happens sometimes. But really, once you became the speaker, you're free to restart from your side.

0:01:27 - 0:01:47

Yeah, hello again. Yeah. Yeah. Yeah. Sure. Um, was I saying, yeah, catch me laps across the integrator and say we'll swap that on layer zero. Um, by using inner operability messaging, we

0:01:47 - 0:02:07

We will simply serve as cross-chain and interchange stable swap and aggregator without using any bridges. And the problems that we want to solve as cashmere labs are high slippage amounts on layer 1 and layer 2s due to

0:02:07 - 0:02:27

inefficient usage of lecutities. In some chains, still swap tabs are solving this problem, but we believe it's still a challenge to overcome in between chains. And we also think one platform that can sort

0:02:27 - 0:02:47

are in all of them for infertile interruptions as well is efficient. So bridges that being used for cross-chain creates the problem of security such as MUE and Sandwich.

0:02:47 - 0:03:07

It's a bad experience. It takes, you know, bridges takes too long time to cross between the chains and move your asset. So, as solution, the single-site lecuter system that we use is enabling to

0:03:07 - 0:03:27

get the maximum efficiency from the liquidity pools. With that we want to eliminate the high-sleepish problem and we have a compensation ratio and arbitrage system that encourages the users to balance the pools and keeps pools safe from

0:03:27 - 0:03:47

from bankruptcy possibilities. And with the interoperability messaging during the crossing phase, it keeps users safe from MEV attacks or sandwich attacks. So that's it.

0:03:51 - 0:04:06

Thank you very much for the detailed introduction. I guess we are very excited to see that there is some layer 0 based products that emerging.

0:04:06 - 0:04:21

we are also the supporter and believer for the multi-chain future work. So yeah, very looking forward to see when the cash may allow a platform actually launched. Yeah, thanks a lot.

0:04:22 - 0:04:31

for sure. Yeah. Cool. Thank you guys. Thank you guys for listening. Let's jump to the next space.

Host

Dora Factory from Dora Factory

Speaker

Reliq🐐

0x4li_li4 @NYC SmartCon

FAQ on 📞Cashmere Labs | Twitter Space Recording

What issues does Cashmere Labs aim to solve?

High slippage amounts on layer 1 and layer 2s due to inefficient usage of liquidity and the challenges of cross-chain interchangeability.

What are some problems with using bridges for cross-chain transactions?

It creates security concerns such as MEV attacks and Sandwich attacks, and it takes a long time to move assets between chains.

How does the single-site liquidity system used by Cashmere Labs aim to solve these problems?

It enables maximum efficiency from the liquidity pools, eliminates high slippage problems, and has a compensation ratio and arbitrage system that encourages users to balance pools and keeps pools safe from bankruptcy possibilities.

What is the purpose of interoperability messaging in Cashmere Labs' platform?

It keeps users safe from MEV attacks or Sandwich attacks during the crossing phase.

What is the main advantage of Cashmere Labs' platform over using bridges for cross-chain transactions?

It eliminates security concerns and time delays associated with using bridges.

What is an MEV attack?

An attack where an attacker manipulates transactions in a way that allows them to extract extra value from a transaction, usually at the expense of other users.

What is a Sandwich attack?

An attack where an attacker manipulates the sequence of transactions in a way that allows them to profit at the expense of other users.

What is the compensation ratio and arbitrage system used by Cashmere Labs?

It encourages users to balance pools and keeps pools safe from bankruptcy possibilities.

What is the goal of Cashmere Labs' platform?

To provide a platform for cross-chain interchangeability that eliminates high slippage problems and provides efficient usage of liquidity.

What is the benefit of a multi-chain future?

It allows for interoperability between different blockchains and provides more options for users and developers.