Saga-Based Appchain (SoundMoney)

L1 / L2 Cross-Chain Liquidity Provisioning

SocialFi for The Culture.

Sound Money is a social finance protocol (i.e., “SocialFi”) and social token cross-chain DEX with built in liquidity through Uniswap on Saga.xyz that enables creators to launch, engage, and expand liquid, content economies using their own social tokens with built in liquidity on Uniswap Protocol Layer.

SoundMoney Protocol on Saga with Liquidity via Uniswap

Traditionally, deploying an application on its own appchain takes multiple months of development, coordination and significant UX challenges in bridging and routing.

On Saga, launching an appchain is table stakes. By utilizing Saga’s platform, our Sagaevm Chainlet SoundMoney was deployed in less than two minutes. Our Sagaevm Chainlet SoundMoney leverages Saga’s Liquidity Integration Layer (LIL) to automate bridging and routing infrastructure deployment, solving liquidity fragmentation in a natively multichain environment. For SocialFi protocols, deploying on a Saga appchain comes with significant benefits.

First, Saga’s native multichain protocol offers significant SocialFi scalability. The Uniswap deployment is able to consume the entire blockspace capacity of the Sagaevm Chainlet without other application transactions clogging the network. When demand is even greater, different asset pairs can be deployed on different chainlet instances, horizontally scaling across multiple parallel chainlets. Deploying a second Uniswap V3 Chainlet is instant and automatic.

Second, by leveraging Saga’s unique token economic design, users of Uniswap on Saga are able to transact without gas payments. We utilize recycled gas tokens to open a truly costless transaction experience, opening doors to broader adoption and improved usability.

Finally, improvements and customizations to the underlying chain infrastructure can be deployed much faster than on a generalized L1/L2.

Many projects have attempted appchain automation but have ultimately failed to gain significant traction. This is because simply automating the deployment of the blockchain is not enough. A successful appchain launch requires so much more: security provisioning, service on boarding, and bridging/liquidity.

On Saga, any application traditionally deployed on a shared L1 or L2 environment can be migrated and deployed as an appchain instantly. How does this work? Let’s dive deeper into the various Saga innovations that unlock this magic.

Saga is a Layer 1 to launch L1s, or “Chainlets,” that provide applications with infinite horizontal scalability. Each Chainlet is a replica of the Saga Mainnet, with the same validator set and security model.

Saga’s mission is to enable the next 1000 chains in gaming and entertainment as part of the growing Saga Multiverse.

Through Saga’s Liquidity Integration Layer, all Chainlets can freely transfer assets between themselves and with ecosystems outside of Saga as unified liquidity rails - the first solution for liquidity fragmentation in a natively multichain environment. We look forward to deepening our integration with the Uni v3 protocol through Saga L1.

In 2.5 years, Saga grew from 0 to 450 projects building on its protocol, 80% of which are gaming, 10% related to NFTs and entertainment, and 10% DeFi. In March 2024, Saga unveiled Saga Origins - a game publishing division devoted to bringing provocative, expansive and uncompromising games to market. Saga is the first and only web3 chain to establish a dedicated game publishing arm for developers to partner with to release their projects.