How Socket works?
The Socket interoperability stack consists of the liquidity layer and the data layer. Lets look under the hood to see how each of these layers work and what they enable:
Liquidity Layer 🌊
Socket’s liquidity layer aggregates all asset bridges into a single metabridge to enable efficient asset transfers across chains. It dynamically selects the best bridge/route & optimises for developer preferences like cost, latency or security.
In addition, we’ve integrated DEXs & DEX aggregators into our metabridge to further extend its capabilities & support ultra-efficient cross-chain asset swaps
Our liquidity layer is already audited & is being used by many widely used apps like Zapper & Zerion. Power your applications too with Socket and get started here.
Data Layer 📡
Data movement is the next step in enabling true composability across chains. It allows apps to extend beyond the boundaries chains & build protocols in a chain agnostic way.
With this, a smart contract on chain A can call, or read the state of, any smart contract on chain B. For example, a protocol on Polygon can read Aave’s APY on Arbitrum; or a protocol on Fantom can deposit funds into Aave on Optimism via Socket.
Socket will soon introduce this and open doors to a broad variety of interesting & truly multi chain use cases for the ecosystem!
Socket’s metalayer currently supports cross-chain liquidity transfers and will soon support data transfer.
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