Skate recently unveiled its Shadow Mainnet, offering users the chance to dive into Stateless applications on several virtual machines.

The liquidity provisioning platform Skate Today marks the announcement of the Shadow Mainnet's launch, signifying the first phase of Skate's mainnet implementation. Users can now interact seamlessly with Stateless applications in real-time on Skate across various blockchain virtual machines.

The introduction of the Shadow Mainnet brings a host of essential features, including the Hub Chain, the Preconfirmation Actively Validated Service (AVS), and the inaugural Stateless pilot program.

The Skate Hub Chain serves as the backbone for its Stateless application framework. Functioning as an Ethereum Layer 2 network, it employs innovative data availability solutions through Avail and EigenDA, thus enhancing the system's scalability and robustness.

This Hub Chain is responsible for managing and hosting a unified state and core functionality for all interconnected peripheral blockchains and virtual machines, encompassing EVM, TonVM, and SolanaVM. This architecture allows for applications to operate simultaneously across multiple blockchain ecosystems while preserving a coherent state and logic layer, ensuring smooth and efficient cross-chain interactions.

In addition, the launch marks the rollout of the preconfirmation AVS, which is now operational on the EigenLayer mainnet. This preconfirmation AVS is crucial in validating all outgoing task data from the TaskBox, ensuring that tasks processed by the Skate Executor network across peripheral blockchains are consistently legitimate. It also assures that Executors behave honestly and fulfill the tasks they select. Moreover, once confirmed by the AVS, all intents processed within Skate are regarded as final, providing rapid finality for cross-chain interactions.

The pilot program for Stateless applications allows users to access Polymarket directly through Telegram.

Simultaneously, this pilot initiative permits Polymarket to function on The Open Network (TON), enabling Telegram users on this blockchain to engage directly with a prediction market hosted on Polygon—eliminating any need for bridging. Polymarket With this launch, Skate invites users to participate and help stress-test the platform. For now, the maximum wager is set at $1,000, and only one prediction market is currently available: the winner of the 2024 US Presidential Election. Additionally, during the launch week, users can earn 10 Ollies for every dollar bet.

This platform serves as a consolidated liquidity provisioning hub that allows applications to operate across multiple blockchains while utilizing a single state. Backed by a robust trading infrastructure on-chain, it combines the benefits of automated market makers (AMMs) with request-for-quote (RFQ) systems, providing investors with optimized strategic opportunities.

Skate, previously known as Range Protocol Please be aware that the details provided on this page are not meant to be, nor should they be interpreted as, legal, tax, investment, financial, or any other type of advisory counsel. It's crucial to only invest amounts you are prepared to lose and seek independent financial advice if you're uncertain. For further insight, we recommend reviewing the terms and conditions along with the help and support resources provided by the issuer or advertiser. MetaversePost strives for precise and impartial reporting, yet market conditions may fluctuate without prior notice.