Composable Finance community
Composable Finance न्यूज
Composable Finance के बारे में
What Is Composable Finance (LAYR)?
Composable Finance is a cross-chain and cross-layer interoperability platform. It was developed to resolve the current problem of a lack of cohesion between different decentralized finance (DeFi) protocols.
The solution is Composable’s dual-pronged approach to interoperability, which includes a hyper-liquidity infrastructure layer for DeFi assets that will be powered by both layer 2 on Ethereum and Polkadot. In the first component, Composabe focuses on multi-layer (L2/L2) interoperability, bridging the gap between different Ethereum Layer 2 implementations and sidechains. In the second component, Composable will utilize a parachain to run different smart contracts in tandem, allowing protocols on different chains to fully and quickly communicate across blockchain boundaries.
LAYR is the governance token for the entire Composable ecosystem, facilitating staking and transactions. This token will play a crucial role in the operations of Composable, acting as both a capital and consumable asset. Specific uses include:
- Gas Fees
- Block validation
- Protocol emissions
LAYR tools include: