DON'T MISS THIS FREE AND CONFIRMED AIRDROP FROM SKATE (RANGE PROTOCOL) BACKED BY HASHKEY CAPITAL 🪂

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22 Apr 2024

SKATE (RANGE PROTOCOL) AIRDROP 🪂

Cost: $0
Potential Reward: $200 $500 $1000 $2000 $5000 $10000+

What exactly is Skate (Range Protocol)?

Skate provides an easy means for new applications to deploy on any network, whilst connecting all existing liquidity through a hub-and-spoke architecture. This relies upon transactions being matched and executed by users who sign intents, which are executed in real-time by using EigenLayer for faster finality.

Application fragmentation is the root cause of many of Web3’s current liquidity challenges, and is the result of applications having differing “states”. State refers to the current status of the system at a particular point in time, such as how many items/assets each user has.
Consider DeFi alone: there are currently 1,200+ decentralized exchanges, 380+ lending protocols, and 220+ derivative protocols, each deployed across up to 30 networks. This means countless states must interact with one another, introducing immense complexity and incoherence. Other areas of Web3 face the same challenges and this is a major inhibitor to growth and ultimately industry adoption.

The issues can be summarized as follows:

High Development Costs: Deploying and maintaining individual application states on new networks require significant developer resources and liquidity bootstrapping.
Poor User Experience: In today’s multi-chain environment, there is increasing user friction. Users must bridge assets, learn about different applications on each chain’s ecosystem, and search for the best rates. This is a major barrier to onboard new users on-chain.
Fragmented Liquidity: Fragmented liquidity on each application state leads to suboptimal pricing and slippage for end users. This is becoming increasingly prevalent as the number of chains are increasing yet not all of them are able to build deep liquidity pools.
Toxic Flows: The current application fragmentation landscape leads to toxic liquidity flows like arbitrage and MEV. Arbitrageurs and MEV exist solely to extract value from LPs, instead of adding value to the chain.

Applications are intrinsically monolithic, resulting in different states across each network upon which they’re deployed. This means that every new network supported is a significant undertaking, and while existing liquidity and interoperability solutions focus on solving this at the network level, this is insufficient. Applications have differing states, which is the root cause of application fragmentation, and this cannot be addressed through network-level solutions alone.

True interoperability requires networks and applications to work hand-in-hand, and without solving this, every area of Web3 will struggle to scale.

Skate is backed by Hashkey Capital.
https://crypto-fundraising.info/projects/range-protocol/

Here's how to qualify for the airdrop:

Go to their website at https://park.skatechain.org/?ref=hBy2Pk4Vw3
Connect X to create your SkatePark profile.
Follow @skate_chain to get +100 Ollies
Mint Skate Rebel NFT
Connect Wallet and claim the NFT to get +500 Ollies
Refer your friends to get 10% of their Ollies and more!
You can also earn Ollies by completing social tasks on their Galxe and Zealy campaigns. Points on Galxe and EXP earned on Zealy will be converted to Ollies at a future date.
Go to their Galxe campaign at https://app.galxe.com/quest/Skate/GCb1tthW7G?referral_code=GRFr2I3s5Km3Vz5qJtROLuop725zfv_cRmut_61AH-L_TzC
Go to their Zealy campaign at https://zealy.io/cw/skate/invite/PcAEY6JQAYFyVaJN5Vwc9

Join now before it's too late.

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