Latch Introduction
Latch is a blockchain interoperability protocol designed to unify yield, liquidity, and chains. By building a unified crypto UX, we are committed to accelerating the adoption of the on-chain financial system.
Why Go On-chain?
The on-chain financial system powered by decentralized blockchain and crypto offers unique values (vs. traditional finance):
Open and permissionless on a global scale
More transparent
More efficient
Trust-minimizing
The Problem
However, navigating through the on-chain financial system is quite complex and unintuitive. The ever-increasing numbers of chains, tokens, and assets are fragmenting the user & developer experiences.
The Solution
To address fragmentation issues and achieve interoperability, the Latch Protocol is building on liquid staking/re-staking, cross-chain liquidity management, and intent settlement infrastructures.
Our first product is Smart Savings built on Gravity Chain, aiming to achieve:
Omni-chain Yield: Deposit your idle tokens on any chain, select a preferred vault, and earn yields & points with ease
On-demand Liquidity: Unlock liquidity to your staked savings on all chains instantly
Universal Balance: Enjoy a unified savings balance that can be spent on all chains, and in all supported dApps
More features to come in future iterations. Stay tuned for updates.
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