Clone, a protocol aimed to facilitate the trading of non-native tokens on the Solana blockchain, has launched the public mainnet for Clone Markets and Clone Liquidity.
This launch introduces markets on Solana for non-native assets via “cloned assets,” or “clAssets,” and promises to simplify the trading process for non-native tokens on Solana, allowing traders to take advantage of the blockchain’s fast transaction speeds and minimal fees.
The mainnet release follows a private mainnet debut on February 1 with the assets clARB and clOP, which are clones of Arbitrum’s ARB token and Optimism’s OP token.
In addition, consumers will be able to acquire cloned SUI or clSUI. This marks the first time Solana users can trade SUI tokens on its platform.
Clone Markets intends to revolutionize trading by offering a platform for users to buy and trade clAssets directly on the Solana blockchain. This technology eliminates the need for users to navigate several chains, which simplifies portfolio management.
A comprehensive liquidity system will benefit liquidity providers by enabling for leveraged and cross-margined liquidity pools using USDC collateral. This single collateral source provides simultaneous access to all clone pools.
Evan Deutsch, Clone’s co-inventor, underlines their objective to enable trade of any token within Solana, enabling community growth and realizing the blockchain’s full potential.
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