In this post:
- Enso has partnered with Stargate and LayerZero to create a single-step on-chain migration solution.
- The Blockchain shortcuts provider said the collaboration aimed to move $3.5 billion of liquidity to Unichain.
- Enso revealed the migration would involve inviting Uniswap v2 and v3 LPs to move their positions from Ethereum to Uniswap v4 on Unichain.
On May 1, Enso announced a collaboration with LayerZero and Stargate to develop an on-chain migration solution. The firm revealed it intended to migrate $3.5 billion of Liquidity to Unichain. It said the event would see Uniswap v2 and v3 moved to Uniswap v4.
Enso, a Blockchain shortcuts provider, announced a partnership with LayerZero, an interoperability protocol, and Stargate, a unified liquidity layer. The firm revealed the partnership was aimed at undertaking asset transfer. Enso said the migration would involve $3.5 billion worth of digital assets. Uniswap v2 and v3 would be moved from Ethereum and other EVM chains to Unichain’s Uniswap v4.
Enso intends to migrate assets worth $3.5 billion
Enso announced a collaboration with Stargate and LayerZero. The provider of Blockchain shortcuts said it had created a solution with the help of Stargate and LayerZero. It revealed the partnership would help move $3.5 billion worth of assets to Unichain. Enso argued that the expected asset transfer would be one of the largest in the history of Ethereum.
The Blockchain shortcuts provider revealed the event would involve the transfer of Uniswap v2 and v3 LPs from their current positions. The firm said these LPs would be transferred from Ethereum and other EVM chains. Enso clarified the $3.5 billion worth of assets would be moved to Uniswap v4 on Unichain.
While announcing the partnership, Enso admitted that Web3 has evolved. The provider of Blockchain shortcuts said it expected the new migration solution to set a standard in all cross-chain movements of liquidity.
Enso promises a one-click asset transfer solution
Enso revealed its infrastructure was meant to eradicate the friction involved in integrating several protocols. The firm said it was designed to change complex multi-stage transactions into shortcuts. It revealed these shortcuts would benefit both third-party developers and also end users.
Enso admitted transferring liquidity to Unichain involved up to nine stages. The firm noted that the multi-step process has made it hard for many LPs to transfer to Unichain. The provider of Blockchain shortcuts said the liquidity transfer solution they have created could complete the process in just one click.
“Through engineering a unified solution with the help of Stargate and LayerZero, Enso has added the missing piece to the puzzle. With the ability to transfer their positions in one click, Uniswap LPs are about to trigger one of the largest liquidity migration events in Ethereum history,” – Connor Howe, Enso Co-Founder
Enso said LPs could transfer, bridge, and redeploy liquidity in just one tap. The company also revealed the purpose played by each of its partners. According to Enso, Stargate was helping with bridging. LayerZero was involved in sending the messages across chains. Enso clarified that LayerZero was responsible for ensuring the liquidity was moved securely to Unichain.
