Saga Unveils Mainnet 2.0 to Revolutionize Blockchain Economics, Partners with Uniswap for Gasless DeFi Trading

Saga Unveils Mainnet 2.0 to Revolutionize Blockchain Economics, Partners with Uniswap for Gasless DeFi Trading

USA, December 17, 2024, Chainwire — Saga, a pioneering Layer 1 blockchain protocol designed to launch and manage other Layer 1 blockchains, has just unveiled its highly anticipated Mainnet 2.0, ushering in a new era for the blockchain industry. This major upgrade lays the foundation for the Liquidity Integration Layer (LiL), slated for launch in Q1 2025. LiL promises to streamline liquidity management and cross-chain operations, addressing one of the biggest challenges in the blockchain ecosystem: fragmented liquidity.


As part of this upgrade, Saga has forged a groundbreaking partnership with Uniswap, the world’s leading decentralized exchange (DEX). Uniswap v3 has been deployed on Saga’s natively multichain protocol in a historic first, marking the exchange’s inaugural app chain deployment. This collaboration will deliver a completely gasless trading experience on Uniswap, removing one of the primary barriers to crypto adoption and showcasing Saga’s novel economic model for decentralized finance (DeFi).


Solving Liquidity and Gas Fee Issues

The growing number of independent blockchains has led to significant challenges in managing liquidity across ecosystems. Users often struggle with fragmented liquidity, complex bridges, and unpredictable gas fees when transacting between chains. Saga's Mainnet 2.0 aims to address these issues with its Liquidity Integration Layer (LiL), which will enable seamless movement of assets across different blockchains and applications. By integrating LiL with Saga's new economic model, the platform aims to eliminate gas fees for users interacting with DeFi products on the network, effectively eliminating friction from blockchain transactions.


Rebecca Liao, Co-Founder and CEO of Saga, expressed the company's vision, saying, "Blockchain's promise of financial accessibility has been hindered by fragmented liquidity and prohibitive gas fees. Today’s fractured landscape of appchains and L2s forces users to navigate complex bridges, manage multiple tokens, and deal with unpredictable fees just to complete basic transactions. With Mainnet 2.0 and our Liquidity Integration Layer, we’re creating a unified environment where liquidity flows freely between chains and applications, users never pay gas fees, and developers can finally build without constraints."


Uniswap Joins Saga for a Gasless DeFi Experience

The deployment of Uniswap v3 on Saga’s multichain protocol represents a pivotal moment for both platforms. Uniswap will now operate on a Saga Chainlet, making it the first decentralized exchange to offer gasless trading through Saga’s infrastructure. This partnership will demonstrate the potential of Saga’s new economic model, which enables a seamless, fee-free trading experience for users. By removing gas fees, Saga is taking a major step toward making decentralized finance accessible to a broader audience.


Joe Bjornsen, Head of the Uniswap Growth Program, emphasized the significance of this collaboration, stating, "Deploying on Saga represents a strategic evolution for Uniswap, allowing us to explore new possibilities in multichain environments historically plagued by liquidity fragmentation. This integration advances our mission to make decentralized trading accessible to everyone while opening up unprecedented opportunities for the future of DeFi."


A New Economic Model for Blockchain

Saga’s approach to blockchain economics represents a radical departure from traditional models. Instead of relying on transaction-based gas fees, which often create barriers for both users and developers, Saga generates potential revenue by capturing a percentage of the total value flowing through the network. This innovative model enables:


  • Gasless transactions for end users, eliminating fees that often discourage participation.
  • Elimination of complex bridge systems and token management, reducing the friction associated with moving assets between blockchains.
  • Seamless interoperability between different blockchain ecosystems, allowing users and developers to interact across multiple platforms with ease.


Strategic Partnerships to Support Mainnet 2.0

To support the Mainnet 2.0 launch, Saga has partnered with two key infrastructure providers:


  • Evmos is providing the Ethereum Virtual Machine (EVM) runtime for Saga’s Chainlets, allowing native support for EVM tokens and expanding Saga’s compatibility with the Ethereum ecosystem.
  • Squid Router is extending its token swapping and routing services to Saga’s EVM environment, enhancing the platform's cross-chain functionality.


These partnerships are instrumental in the development of Saga’s Liquidity Integration Layer, which will enable gasless transactions and smooth asset movement across ecosystems.


Looking Ahead: Liquidity Integration Layer and Developer Opportunities

With Mainnet 2.0 now live and supporting the Uniswap v3 deployment, Saga is on track to launch the Liquidity Integration Layer (LiL) in Q1 2025. LiL will build on the infrastructure provided by Mainnet 2.0 and deliver a comprehensive solution for unified liquidity across blockchain ecosystems. Developers interested in building on Saga’s platform can begin working with Mainnet 2.0 immediately, ensuring a smooth transition when LiL goes live next year.


Saga’s new model and innovative infrastructure are expected to unlock new opportunities for developers and users alike. The platform's seamless interoperability, combined with gasless transactions, will make it easier for developers to build and users to participate in decentralized applications (dApps) without the usual barriers.


For more information about Saga and its upcoming Liquidity Integration Layer, visit www.saga.xyz.


About Saga

Saga is a leading developer ecosystem in crypto and Web3 gaming, committed to creating the future of blockchain development. Founded in 2022, Saga’s mission is to help creators build in environments where blockspace is abundant and simple. Backed by early seed investors such as Placeholder, Maven11, Longhash, Samsung, Com2uS, and Polygon, Saga has already made significant strides in building its presence in the blockchain space. Originally built on Cosmos, Saga is expanding its reach by integrating top ecosystems into its Saga Multiverse through strategic partnerships.


Saga also has a game publishing arm, Saga Origins, which launched in March 2024. Saga Origins aims to build a portfolio of innovative and thought-provoking Web3 games that push the boundaries of gaming, offering unique experiences to players.

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