Solana

Arbitrum

Evan

USDC

Comet

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 <p class="paragraph">Clone, an open-source protocol facilitating the trading of non-native tokens on Solana’s blockchain, announced the launch of its public mainnet featuring Clone Markets and Clone Liquidity, according to the information shared with Finbold on March 1.&nbsp;</p>
 <p class="paragraph">The launch marks the arrival of highly liquid markets for non-native assets through Clone’s ‘cloned assets’ (clAssets), promising more accessible and smoother trading on Solana’s platform which already leverages fast transaction processing and low fees.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-what-does-sui-mean-for-solana">What does SUI mean for Solana?</h2>
 <p class="paragraph">Despite the scope and activity of its DeFi ecosystem, Solana still lacks a dependable spot trading environment for non-native tokens, as users have been reluctant to provide liquidity to bridged asset trading pools.</p>
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 <p class="paragraph">Clone aims to address the issue by introducing non-native assets to Solana with its clAssets, that is, cloned versions of existing on-chain assets on the Clone protocol.&nbsp;</p>
 <p class="paragraph">This facilitates trading through liquidity providers, relying on Clone’s innovative Comet Liquidity System which ensures sufficient liquidity and minimal slippage.</p>
 <h2 class="wp-block-heading" id="h-new-user-experience-on-solana">New user experience on Solana</h2>
 <p class="paragraph">Clone’s vision is rooted in efficiency and accessibility, aiming to provide an integrated platform with deep liquidity and low capital requirements.&nbsp;</p>
 <p class="paragraph">The launch introduces two key user interfaces: Clone Markets, a decentralized clAsset trading platform, and Clone Liquidity, which enables liquidity providers to access the Comet Liquidity System, supporting cross-margin liquidity pools with USDC as the only collateral.&nbsp;</p>
 <p class="paragraph">The solution greatly enhances liquidity pool efficiency, making Clone’s liquidity pools at least twice as capital-efficient as those of the competitors.</p>
 <h2 class="wp-block-heading" id="h-the-csui-token">The cSUI token</h2>
 <p class="paragraph">The launch of Clone’s private mainnet on February 1st featured the introduction of clARB and clOP, facilitating the trading of Arbitrum (ARB) and Optimism’s (OP) network tokens on Solana.&nbsp;</p>
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="public" href="https://thebittimes.com/tag/public.html">public</a> <a rel="noopener noreferrer nofollow" title="mainnet" href="https://thebittimes.com/tag/mainnet.html">mainnet</a> not only makes these clAssets available to all but also <a rel="noopener noreferrer nofollow" title="introduces" href="https://thebittimes.com/tag/introduces.html">introduces</a> a new <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>, cloned SUI (clSUI), allowing Solana users to trade SUI <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s on the platform for the first time.</p>
 <p class="paragraph">In other words, Clone traders can now manage their portfolios on Solana, benefiting from faster, lower-cost transactions.</p>
 <p class="paragraph">Evan Deutsch, Co-Inventor of Clone, stated:</p>
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  <p class="paragraph">“With Clone’s <a rel="noopener noreferrer nofollow" title="mainnet" href="https://thebittimes.com/tag/mainnet.html">mainnet</a> launch on Solana, we’re not just enabling trading of non-native <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s; we’re envisioning a future where Solana becomes a universal trading platform. Our mission is to make any <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> tradable without leaving Solana, expanding our community and unlocking the blockchain’s true potential.”</p> <cite>– Evan Deutsch, Co-Inventor of Clone</cite>
 </blockquote>
 <p class="paragraph">Clone’s mainnet launch thus marks a significant milestone, introducing scalable cloned asset trading to the Solana blockchain and enabling liquidity providers to earn substantial yields.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/clone-introduces-public-mainnet-bringing-sui-token-to-solana-tbt81259.html">https://thebittimes.com/clone-introduces-public-mainnet-bringing-sui-token-to-solana-tbt81259.html</a></p>

Clone introduces public mainnet, bringing SUI token to Solana

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