Catalyst New Features: Week of April 15

We're shipping new features every week until Catalyst Mainnet. New features will typically be on the Catalyst App, but can also include the Catalyst API and SDK, our open-source implementations of the Catalyst Underwriter and the GARP relayer, or documentation.

Main Feature: Permit2

This week, the Catalyst UI now supports Permit2!

Permit2 is a token approval contract developed by Uniswap Labs that can safely share and manage token approvals across different smart contracts (and thus applications).

Permit2 grants approvals through gasless signatures, and is highly customizable — with multiple simultaneous token approvals, flexible approval expiry, and batch approval/revoking.

Adding Permit2 drastically improves the Catalyst user experience by:

• removing friction because users don't need to send a separate approval transaction
• reducing transaction costs with gasless signatures; and
• improving security via the added expiration time to approvals.

🔗 Try it out for swaps and deposits at https://app.catalyst.exchange/

About Cata Labs

Cata Labs is a software development company that contributes to open-source technology, including Catalyst Protocol. Cata Labs is backed by prominent investors such as Spartan Group, HashKey, Polygon and Circle.

Catalyst Protocol is an AMM purpose-built to connect all chains. Its mission is to empower individuals to acquire any asset on any chain. Using Catalyst, any chain can swap assets with major blockchains like Cosmos, Ethereum and its rollups. Catalyst Protocol is operated by Catalyst Foundation, based in the Cayman Islands. Find out more about the Catalyst Foundation at its Twitter.