# 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.