How it Works?
Last updated
Last updated
The Chimp Layer represents a new step in Chimp’s roadmap through the integration of confidential trading across multiple blockchain ecosystems. At its core, Chimp Exchange utilizes advanced encryption technology from the Ten infrastructure, ensuring that all transactions remain confidential and secure. The Chimp Layer aims to extend this technology to various blockchains, enhancing liquidity and expanding the platform's footprint in DeFi.
Chimp Exchange has successfully integrated with several leading blockchains, including Lumia, Linea, and Boba, with additional integrations in the pipeline. These partnerships are key to Chimp's mission of creating a cross-chain confidential trading ecosystem.
As the first confidential trading engine of its kind, the goal of the Chimp Layer is to extend its encrypted trading experience across multiple blockchain ecosystems. By deploying the Chimp DEX on different blockchains, it will bring encryption technology to these platforms, transforming the way trades are conducted on Lumia, Linea, Boba, and others. This means that traders across these blockchains can now enjoy the highest level of security for their transactions.
The foundation of the Chimp Layer’s confidentiality is Ten’s blockchain infrastructure, which powers the platform’s end-to-end encryption. Ten’s technology ensures that all trades processed through the Chimp Layer remain fully encrypted, giving traders unparalleled security. This encryption is a major differentiator for Chimp, setting it apart from traditional decentralized exchanges, which often lack this level of confidentiality.
Chimp Layer’s integration with Lumia, Linea, and Boba highlights its commitment to building a decentralized and encrypted trading ecosystem. Each of these blockchains brings unique benefits:
Boba: Boba’s hybrid computing platform enables Chimp to harness off-chain computations, further enhancing the speed and efficiency of encrypted trades.
Lumia: By allowing trading of assets even without on-chain liquidity, Lumia leverages off-chain or CEX liquidity, and this is where Chimp will offer efficient and cost-effective encrypted trades.
Linea: Linea’s focus on interoperability enhances Chimp’s ability to bridge different ecosystems while maintaining secure and confidential trades.
Future integrations will bring even more blockchains into the Chimp Layer ecosystem, continually expanding the platform’s liquidity and user base.
One of the key benefits of the Chimp Layer’s cross-chain deployment is the ability to acquire new liquidity across blockchains. As Chimp integrates with more platforms, its total value locked (TVL) will increase significantly. This expansion not only strengthens Chimp’s position in the DeFi space but also introduces new users to the platform, thereby driving growth and increasing liquidity across all integrated blockchains.
This added liquidity also enhances the trading experience for users, as larger liquidity pools lead to better price discovery and reduced slippage on trades.
The full potential of the Chimp Layer will be unlocked with the upcoming launch of Ten’s mainnet. Once this mainnet is live, the confidential trading technology will be activated across all supported blockchains. This seamless transition will enable users to instantly benefit from encrypted trading on platforms like Lumia, Linea, and Boba, without the need for any additional steps or actions.
The launch of Ten’s mainnet marks a significant milestone for Chimp Exchange and the broader DeFi space, as it brings a new standard of encryption and security to decentralized trading.
The Chimp Layer is set to transform DeFi by bringing confidential, encrypted trading to multiple blockchain ecosystems. Through its partnerships with Lumia, Linea, Boba, and others, Chimp is expanding its liquidity, user base, and influence across the decentralized world. Backed by Ten’s blockchain infrastructure, the Chimp Layer is well-positioned to become a leading force in the future of confidential, secure and decentralized trading.
