Cross Chain Weekly #21
The $566M bridge hack, a new cross chain AMM model, & artificial intelligence in crypto
Gm fam. Welcome to the Cross Chain Weekly - the weekly email that makes you a smarter cross chain insider.
The Bogota boys from the Cross Chain Coalition broke bread with the LayerZero, Curve, and ApeWorX teams last night as we gear up for Cross Chain Cocktails. There are only a few days left until we close all applications to pitch with TechCrunch during the Cross Chain Coalition Web3 Demo Day. If you are building and want to get in front of 10,000 viewers on a global stage apply today!
Trigger warning maxis; the future is cross chain, so let’s dive in.
Inside the Coalition
Dev Help Dev
Academic Dive
That’s one small step for man, one giant leap for mankind… or better yet “deposit once, LP everywhere”. It’s no secret that automated market makers (AMMs) are the lifeblood of decentralized finance. But as more horses join the race to compete as a standalone AMM or unified appchain, liquidity only fragments further. So how do we fix this, anon?
In this paper, Delphi presents a new approach, a novel mechanism designed to mitigate the effects of liquidity fragmentation: Shared Liquidity AMM (SLAMM).
With this approach, LPs could theoretically “deposit once, LP everywhere” and passively collect fee income across chains. Read the full breakdown here to absorb the alpha.
News from Outside the Coalition
All Eyes Are On… Our Partners
Recent Funding & Acquisitions
Twitch founder, Justin Kan, raises from A16z for new crypto company
DeFi startup Arch raises $5 million to become the 'BlackRock of web3'
Out Run the Rat Race
Join the Cross Chain Talent Collective to find your next cross chain role
Ex-NASA Data Scientist launches an e-com plugin to shop in the metaverse
Upcoming Events
Cross Chain Cocktails at DevCon // Bogota, Oct. 12
The Cross Chain Coalition Web3 Demo Day // Virtual, Jan. 11
Cross Chain Cocktails at EthLisbon: Halloween Edition // Lisbon, Oct. 31
Inside Jokes
Also Wait… what’s the Cross Chain Coalition?
The Cross Chain Coalition (CCC) is a collective of builders that have united together to educate developers on cross chain infrastructure. The CCC aims to expand awareness and increase education for cross chain development. Join us in our journey to turn every blockchain engineer into a crosschain engineer.