It's a proud moment for the Catalyst team as we announce the launch of our project's demo on testnet. Catalyst Protocol is designed as the universal liquidity layer for millions of chains. Its goal is to serve as the nexus point for any new modular chain to effortlessly connect liquidity and swap with hubs like Ethereum and Cosmos. This testnet demo is a vital milestone on our journey to create a fluid, frictionless ecosystem where users can exchange assets across any chain.
A fundamental value proposition of Catalyst is its ability to serve users by enabling them to access any new application that exists on a chain they don't currently have assets in. By fostering a seamless economic trade system, we envision a future where the blockchain industry is as fluid and interconnected as the internet itself. This testnet demo will offer a taste of that future, showcasing the ease of cross-chain swaps.
Features in Our Demo
Our testnet demo is launching on three EVM environments: Cronos, Canto, and Scroll. We've selected these chains as a commitment to Catalyst’s mission of serving both the Cosmos and Ethereum ecosystems. This testnet launch represents the first real-world implementation of our vision, offering participants the chance to experience the potential of permissionless cross-chain liquidity firsthand.
This testnet demo showcases the capabilities of Catalyst in performing highly efficient cross-chain swaps between multiple chains. However, we want to stress that this testnet demo is designed for demonstration purposes only and that the underlying contracts may be reset at any time. Also, this is not an incentivised testnet; participation doesn't confer any rights to tokens or remuneration.
At launch, we'll be supporting volatile swaps only–with stableswaps to follow shortly. Moreover, we are starting with these three chains but expect to add more over time. Users can also expect to swap from a limited set of pools–with additional features like deposit/withdraw, more pools and permissionless pool creation on the horizon.
Initially, permissionless arbitrary messaging passing will not be enabled between Catalyst pools. Instead, we will be using a permissioned relayer. But rest assured, permissionless relaying will be added soon. This is a calculated decision to ensure the integrity of the testnet, and we will work diligently to bring full functionality online as quickly as possible.
In the coming months, we also plan to open-source the smart contracts and launch the "official" testnet. We remain committed to transparency, and we believe that opening our smart contracts to the public is an important step towards this goal. Stay tuned for more exciting developments.
To all the blockchain enthusiasts, developers, and users who share our vision for a more open, permissionless, and interconnected blockchain universe, we invite you to check out the demo at demo.catalyst.exchange.
For a step-by-step on how to experiment with the testnet demo, check out our How-To Guide.
Participate, explore, and join us in making a paradigm shift in cross-chain liquidity.
We are proud of the strides we've made, but we also know that this is just the beginning. We're committed to pushing the boundaries of what's possible in the blockchain space and excited to have you join us on this journey.
This testnet is the first glimpse of what Catalyst aims to achieve, and we look forward to seeing you on the front lines of blockchain interoperability. Follow us on Twitter for more updates!