StarkWare Launches a DEX to Support the Liquidity
StarkWare, an Ethereum based solution provider, launches a decentralized exchange called Caspian to improve the DeFi ecosystem. There is a big risk of fragmentation of liquidity between Layer 1 and Layer 2 solutions.
Caspian is supposed to defrag it and improve the capital efficiency. It will be an automated market maker that will trade against L2 with the help of the off-chain Operator. In addition, Caspian will provide L2 limits and flash loans.
Loans will be provided till the end of the batch and won’t be limited by a single transaction. Moreover, they will allow minting tokens that will be burned at the end of the batch. There is no information about the launch date or governance tokens of the new DEX yet.