Since last year, Ethereum founder Vitalik Buterin proposed the concept of Layer3, he said:
● L2 is used for capacity expansion, and L3 is used for custom functions, such as privacy.
● L2 is used for general expansion, and L3 is used for customized expansion.
● L2 is used for expansion without trust (rollups), and L3 is used for expansion of weak trust assumptions (Validiums).
Of course, Vitalik Buterin still gave us a lot of room for imagination, and he did not define Layer3 in more detail.
In fact, the Layer 2 layer built around Ethereum does not have sovereignty. Layer 2 needs Ethereum Layer 1 as the root chain support in many aspects such as DA, security, and settlement. Although these Layer 2 are independent of each other and are growing themselves ecology, but Layer 2 needs to be fully developed under the framework of Ethereum Layer 1, that is, the behavior of Layer 2 is usually subject to the consensus of the Ethereum Layer 1 community. Based on the brief overview of Layer 3 above, we can be sure that Layer 3, as a new blockchain (or a special layer) form, must have independent sovereignty if it wants to achieve higher scalability.
Last year, Celestia, a Layer 0 facility built on Cosmos, proposed a brand new modular blockchain concept, which is a good idea to help Layer 3 obtain independent sovereignty. Based on Coamos, Celestia launched a Layer0 system with pluggable consensus and data availability layer features, allowing anyone to quickly deploy a decentralized blockchain without the cost of an additional consensus layer.
Celestia further separates the network state consensus layer from the execution layer, and only retains the data and transaction ordering consensus, allowing developers to have higher customization capabilities and sovereignty. Benefiting from the fact that nodes only need to deal with the consensus on transaction data storage and transaction order (no need to perform calculations and state consensus), combined with the Data Available Sampling scheme, Celestia's nodes can operate more efficiently, that is, the efficiency of the Celestia network has been greatly improved . At the same time, using Celestia as the underlying blockchain upper layer network will also be able to share the security brought by Celestia.
Therefore, Celestia provides different solutions for the construction of Layer 3, including sovereign Rollup, settlement Rollup, etc. Celestia can make emerging chains more autonomous, efficient execution environment, scalability, and lower limit in the form of modular chains. Governance, and further lower the barriers to deployment.
Nautilus Chain: an early attempt at a modular Layer3 system
Nautilus Chain is an early attempt to build a Layer3 system in a modular way. It obtains DA support through the Celestia modular bottom layer to ensure unified data availability, and further provides more modular development tools on this basis.
In addition to Celestia, Nautilus Chain also provides support for developers through Eclipse. Developers can customize various components according to their own preferences, such as execution environments such as EVM, SVM and MoveVM, to provide a basis for custom development languages. With the support of Celestia and Eclipse, different chains in the Nautilus Chain system will hand over the data layer and transaction consensus layer to Celestia to achieve the purpose of chain throughput and other performance improvements.
So the biggest difference of Nautilus Chain itself is that it does not use Layer 1 such as Ethereum as the root layer. As mentioned above, Celestia is the main source of modularization of Nautilus Chain. Through Nautilus Chain developers can directly build highly customized applications. layer (not limited to Rollup), while Celestia provides DA.
In addition to DA, Nautilus Chain uses Eclipse as the settlement layer.
Eclipse itself is a sovereign rollup based on the Cosmos ecology, and it is also a Layer0-like facility that allows the use of Solana VM on any chain to build a customizable and modular rollup settlement layer.
In the early stage of Eclipse, Celestia will be used as the consensus layer and DA, and Solana VM will be used as the settlement and execution environment, and its ultimate vision is to build a customizable rollup execution layer for any Layer1 heterogeneous blockchain, and to integrate all blockchains through connected in a modular fashion. Therefore, based on Eclipse, it will help Nautilus Chain no longer depend on Layer 1 such as Ethereum in the settlement of the system.
Based on these components, Nautilus Chain allows developers to build various "independent" DAPP-Chains or DAPP-Rollups or DAPP-Subnets that can run in parallel from the bottom up, which allows developers to stack different chains into layers , thus creating a chain stack, and no longer need to end up on Layer1. In this process, Nautilus Chain mainly acts as a parallel processing layer at the top, which helps to achieve scalability at the execution layer in the EVM environment.
Nautilus Chain is trying a modular stack based on Celestia + Eclipse + zkEVM. Based on the modular architecture, many Layer3 layers in the system can be parallelized, and the Layer3 expansion solution of EVM Rollup. The Layer3 system of Nautilus Chain can encapsulate storage, computing, consensus, etc. Explore areas such as privacy to lay the foundation for further expansion of richer functions.
Nautilus Chain has launched the main network, and a number of projects have completed the deployment. This article sorts out some projects that have joined or plan to join the Nautilus Chain ecosystem, covering DEX, derivatives, cross-chain, tools, GameFi, infrastructure and many other sectors.
Since last year, Ethereum founder Vitalik Buterin proposed the concept of Layer3, he said:
● L2 is used for capacity expansion, and L3 is used for custom functions, such as privacy.
● L2 is used for general expansion, and L3 is used for customized expansion.
● L2 is used for expansion without trust (rollups), and L3 is used for expansion of weak trust assumptions (Validiums).
Of course, Vitalik Buterin still gave us a lot of room for imagination, and he did not define Layer3 in more detail.
In fact, the Layer 2 layer built around Ethereum does not have sovereignty. Layer 2 needs Ethereum Layer 1 as the root chain support in many aspects such as DA, security, and settlement. Although these Layer 2 are independent of each other and are growing themselves ecology, but Layer 2 needs to be fully developed under the framework of Ethereum Layer 1, that is, the behavior of Layer 2 is usually subject to the consensus of the Ethereum Layer 1 community. Based on the brief overview of Layer 3 above, we can be sure that Layer 3, as a new blockchain (or a special layer) form, must have independent sovereignty if it wants to achieve higher scalability.
Last year, Celestia, a Layer 0 facility built on Cosmos, proposed a brand new modular blockchain concept, which is a good idea to help Layer 3 obtain independent sovereignty. Based on Coamos, Celestia launched a Layer0 system with pluggable consensus and data availability layer features, allowing anyone to quickly deploy a decentralized blockchain without the cost of an additional consensus layer.
Celestia further separates the network state consensus layer from the execution layer, and only retains the data and transaction ordering consensus, allowing developers to have higher customization capabilities and sovereignty. Benefiting from the fact that nodes only need to deal with the consensus on transaction data storage and transaction order (no need to perform calculations and state consensus), combined with the Data Available Sampling scheme, Celestia's nodes can operate more efficiently, that is, the efficiency of the Celestia network has been greatly improved . At the same time, using Celestia as the underlying blockchain upper layer network will also be able to share the security brought by Celestia.
Therefore, Celestia provides different solutions for the construction of Layer 3, including sovereign Rollup, settlement Rollup, etc. Celestia can make emerging chains more autonomous, efficient execution environment, scalability, and lower limit in the form of modular chains. Governance, and further lower the barriers to deployment.
Nautilus Chain: an early attempt at a modular Layer3 system
Nautilus Chain is an early attempt to build a Layer3 system in a modular way. It obtains DA support through the Celestia modular bottom layer to ensure unified data availability, and further provides more modular development tools on this basis.
In addition to Celestia, Nautilus Chain also provides support for developers through Eclipse. Developers can customize various components according to their own preferences, such as execution environments such as EVM, SVM and MoveVM, to provide a basis for custom development languages. With the support of Celestia and Eclipse, different chains in the Nautilus Chain system will hand over the data layer and transaction consensus layer to Celestia to achieve the purpose of chain throughput and other performance improvements.
So the biggest difference of Nautilus Chain itself is that it does not use Layer 1 such as Ethereum as the root layer. As mentioned above, Celestia is the main source of modularization of Nautilus Chain. Through Nautilus Chain developers can directly build highly customized applications. layer (not limited to Rollup), while Celestia provides DA.
In addition to DA, Nautilus Chain uses Eclipse as the settlement layer.
Eclipse itself is a sovereign rollup based on the Cosmos ecology, and it is also a Layer0-like facility that allows the use of Solana VM on any chain to build a customizable and modular rollup settlement layer.
In the early stage of Eclipse, Celestia will be used as the consensus layer and DA, and Solana VM will be used as the settlement and execution environment, and its ultimate vision is to build a customizable rollup execution layer for any Layer1 heterogeneous blockchain, and to integrate all blockchains through connected in a modular fashion. Therefore, based on Eclipse, it will help Nautilus Chain no longer depend on Layer 1 such as Ethereum in the settlement of the system.
Based on these components, Nautilus Chain allows developers to build various "independent" DAPP-Chains or DAPP-Rollups or DAPP-Subnets that can run in parallel from the bottom up, which allows developers to stack different chains into layers , thus creating a chain stack, and no longer need to end up on Layer1. In this process, Nautilus Chain mainly acts as a parallel processing layer at the top, which helps to achieve scalability at the execution layer in the EVM environment.
Nautilus Chain is trying a modular stack based on Celestia + Eclipse + zkEVM. Based on the modular architecture, many Layer3 layers in the system can be parallelized, and the Layer3 expansion solution of EVM Rollup. The Layer3 system of Nautilus Chain can encapsulate storage, computing, consensus, etc. Explore areas such as privacy to lay the foundation for further expansion of richer functions.
Nautilus Chain has launched the main network, and a number of projects have completed the deployment. This article sorts out some projects that have joined or plan to join the Nautilus Chain ecosystem, covering DEX, derivatives, cross-chain, tools, GameFi, infrastructure and many other sectors.
Ecological map of Nautilus Chain
Coral Finance
Coral Finance itself is an on-chain derivatives protocol, which will be mainly built on the Nautilus Chain. The biggest feature of this protocol is the "liquidity premium" mechanism, which can provide a steady stream of effective liquidity for the assets on the chain. The Premium Incentive Mechanism (PIM) based on this can also bring substantial premium benefits to users.
Earlier, the DEX also received financing worth $1.5 million from Zebec Labs.
Poseiswap
Poseiswap is the first DEX on the Nautilus Chain. It uses the order book as its main trading model, providing token trading and liquidity provision services, liquidity mining, and staking. However, PoseiSwap's vision is not just to become a DEX, it also plans to expand the scope of DeFi's influence from Web3 to the real world, and achieve this goal by integrating blockchain technology into the traditional financial system.
Based on Zk-Rollup, PoseiSwap will have privacy features, ensure the decentralized and efficient operation of the order book, and achieve compliance through the integration of the OFAC module.
By 2024, PoseiSwap plans to allow the trading of real-world assets on its DEX, including tokenized stocks, bonds and real assets, as well as FT, NFT and other digital assets. This will help bridge the gap between traditional finance and blockchain and bring a new age of possibility to the financial sector.
At present, the DEX has been valued at US$10 million and has received US$1.5 million in financing from Zebec Labs. Since then, it has obtained a new round of financing from top investment institutions in the industry such as Gate Labs, Emurgo Ventures, Republic, and Cipholio Ventures at a valuation of US$25 million, and the investment amount is disclosed.
LEONICORN
Leonicorn is a multi-chain DEX, which has been built on more than 20 chains such as BNB Chain, Ethereum, and Polygon. The DEX has the functions of Trade, Staking, cross-chain bridge, and NFT market. It combines Swap, Gamefi, and NFT And so on in multiple directions.
Dyleum
Dyleum is a one-stop protocol for all crypto users, based on blockchain and financial technology to allow Web2 users to migrate to Web3, Dyleum will act as their gateway and provide them with blockchain-based solutions. In addition to providing DEX services, Dyleum will also provide future services such as P2P transactions, NFC payments, and NFT real estate transactions.
Hyperlane
Hyperlane provides developers with a platform that can develop between multiple chains, aiming to provide trustless and modular interoperability between blockchains.
DBOE
DBOE is a non-custodial options DEX powered by its innovative on-chain CLOB (Central Limit Order Book) model. DBOE aims to solve the complex over-collateralization problem in the DeFi field. By adopting a unique bull-bear spread product design, DBOE is able to keep collateral requirements at a reasonable level, providing option sellers with up to 5x capital efficiency while limiting potential losses. It provides a safe and capital-efficient way to trade options on DeFi assets, which could help drive wider adoption of DeFi.
In addition, DBOE also launched the ACADEMY product, as one of the DBOE project series products, which aims to help players understand and understand how to obtain new technologies and products in the field of blockchain, Web3, NFT, Gamefi, or spot, futures and options markets. financial knowledge.
HexLink
Hexlink is a Web3 infrastructure designed to reconnect the fragmented web with a user-friendly, secure and decentralized identity layer, breaking down barriers between applications.
The Hexlink platform offers significant advantages by eliminating the need for users to set up a wallet prior to receiving tokens, it removes the barrier to entry for potential users who may not be familiar with the process of setting up a wallet. It also provides greater flexibility and convenience for users, who can set up their accounts and wallets at a later time when it is more convenient for them. This approach encourages more individuals to participate in activities on the chain, thereby driving further adoption of different chains by users.
HypaVerse
Hypatia Games integrates web2 and web3 businesses to create a sustainable ecosystem. Ecosystem includes Flaming Wheelz racing game with earn-as-you-play rewards, farmland with stable blockchain assets in Ghana, decentralized freelancing platform, Flaming Wheelz decentralized betting platform, e-shop, and Hypatia, a charity dedicated to mental health Healing.
Cedar
Cedro Finance is a cross-chain liquidity protocol that allows users to lend and borrow crypto assets across multiple chains with affordable transaction fees. Lenders can deposit assets to increase the liquidity of the platform, and borrowers can borrow assets in an over-collateralized manner for further investment.
Unipilot
Unipilot is a Uniswap V3 automated liquidity manager. Unipilot allows any trader to deploy on a DApp and deploy a Vault for any token pair without whitelisting it and be able to deposit liquidity using a single asset. Its combined index pool of top liquidity pools running on Uniswap v3 allows users to hold positions in multiple top liquidity pools by market cap, simply by depositing their liquidity with a single token. In Unipilot's smart contract architecture, when the liquidity range deviates from the actual transaction price, "centralized incentives" reward its token PILOT holders to readjust.
Summarize
Since the early days of the development of the encryption industry, the construction of blockchains has been aimed at wide application in the future, but these early systems are difficult to meet the needs in terms of load capacity, scalability, privacy, compliance, etc., and with the industry Narrative changes and constant silence. If the blockchain wants to move closer to the traditional world, it needs to make fundamental changes to match the needs of the traditional world.
Although the Ethereum ecosystem is working hard in this direction, such as the establishment of the Layer 2 system and the launch of the new ETH2.0, these new changes seem to be making up for the shortcomings of its early design, and it is difficult to centralize "power" excessively Substantial changes were made, which also made the development of the system drift away from its original intention of "world computer".
Decentralization, independence, and decentralization are becoming new themes in the development of the public chain track. The new sovereign modular system based on Cosmos, Celestia, and Eclipse is reshaping the overall shape of the blockchain world.
As expressed by Celestia investor Delphi Ventures, Cosmos pioneered the concept of community computer clusters, and autonomous communities form their own consensus around the applications they care about and prefer; Celestia hopes to effectively verify through community computer clusters to To achieve the vision of expansion. On this basis, Nautilus Chain has become the proponent, successor and practitioner of these Layer0 facility visions in a modular Layer3 architecture.
With the launch of the Nautilus Chain main network, the new modular blockchain will go further out of the theoretical stage, and the large-scale adoption of the blockchain is expected to be put on the agenda.
Ecological map of Nautilus Chain
Coral Finance
Coral Finance itself is an on-chain derivatives protocol, which will be mainly built on the Nautilus Chain. The biggest feature of this protocol is the "liquidity premium" mechanism, which can provide a steady stream of effective liquidity for the assets on the chain. The Premium Incentive Mechanism (PIM) based on this can also bring substantial premium benefits to users.
Earlier, the DEX also received financing worth $1.5 million from Zebec Labs.
Poseiswap
Poseiswap is the first DEX on the Nautilus Chain. It uses the order book as its main trading model, providing token trading and liquidity provision services, liquidity mining, and staking. However, PoseiSwap's vision is not just to become a DEX, it also plans to expand the scope of DeFi's influence from Web3 to the real world, and achieve this goal by integrating blockchain technology into the traditional financial system.
Based on Zk-Rollup, PoseiSwap will have privacy features, ensure the decentralized and efficient operation of the order book, and achieve compliance through the integration of the OFAC module.
By 2024, PoseiSwap plans to allow the trading of real-world assets on its DEX, including tokenized stocks, bonds and real assets, as well as FT, NFT and other digital assets. This will help bridge the gap between traditional finance and blockchain and bring a new age of possibility to the financial sector.
At present, the DEX has been valued at US$10 million and has received US$1.5 million in financing from Zebec Labs. Since then, it has obtained a new round of financing from top investment institutions in the industry such as Gate Labs, Emurgo Ventures, Republic, and Cipholio Ventures at a valuation of US$25 million, and the investment amount is disclosed.
LEONICORN
Leonicorn is a multi-chain DEX, which has been built on more than 20 chains such as BNB Chain, Ethereum, and Polygon. The DEX has the functions of Trade, Staking, cross-chain bridge, and NFT market. It combines Swap, Gamefi, and NFT And so on in multiple directions.
Dyleum
Dyleum is a one-stop protocol for all crypto users, based on blockchain and financial technology to allow Web2 users to migrate to Web3, Dyleum will act as their gateway and provide them with blockchain-based solutions. In addition to providing DEX services, Dyleum will also provide future services such as P2P transactions, NFC payments, and NFT real estate transactions.
Hyperlane
Hyperlane provides developers with a platform that can develop between multiple chains, aiming to provide trustless and modular interoperability between blockchains.
DBOE
DBOE is a non-custodial options DEX powered by its innovative on-chain CLOB (Central Limit Order Book) model. DBOE aims to solve the complex over-collateralization problem in the DeFi field. By adopting a unique bull-bear spread product design, DBOE is able to keep collateral requirements at a reasonable level, providing option sellers with up to 5x capital efficiency while limiting potential losses. It provides a safe and capital-efficient way to trade options on DeFi assets, which could help drive wider adoption of DeFi.
In addition, DBOE also launched the ACADEMY product, as one of the DBOE project series products, which aims to help players understand and understand how to obtain new technologies and products in the field of blockchain, Web3, NFT, Gamefi, or spot, futures and options markets. financial knowledge.
HexLink
Hexlink is a Web3 infrastructure designed to reconnect the fragmented web with a user-friendly, secure and decentralized identity layer, breaking down barriers between applications.
The Hexlink platform offers significant advantages by eliminating the need for users to set up a wallet prior to receiving tokens, it removes the barrier to entry for potential users who may not be familiar with the process of setting up a wallet. It also provides greater flexibility and convenience for users, who can set up their accounts and wallets at a later time when it is more convenient for them. This approach encourages more individuals to participate in activities on the chain, thereby driving further adoption of different chains by users.
HypaVerse
Hypatia Games integrates web2 and web3 businesses to create a sustainable ecosystem. Ecosystem includes Flaming Wheelz racing game with earn-as-you-play rewards, farmland with stable blockchain assets in Ghana, decentralized freelancing platform, Flaming Wheelz decentralized betting platform, e-shop, and Hypatia, a charity dedicated to mental health Healing.
Cedar
Cedro Finance is a cross-chain liquidity protocol that allows users to lend and borrow crypto assets across multiple chains with affordable transaction fees. Lenders can deposit assets to increase the liquidity of the platform, and borrowers can borrow assets in an over-collateralized manner for further investment.
Unipilot
Unipilot is a Uniswap V3 automated liquidity manager. Unipilot allows any trader to deploy on a DApp and deploy a Vault for any token pair without whitelisting it and be able to deposit liquidity using a single asset. Its combined index pool of top liquidity pools running on Uniswap v3 allows users to hold positions in multiple top liquidity pools by market cap, simply by depositing their liquidity with a single token. In Unipilot's smart contract architecture, when the liquidity range deviates from the actual transaction price, "centralized incentives" reward its token PILOT holders to readjust.
Summarize
Since the early days of the development of the encryption industry, the construction of blockchains has been aimed at wide application in the future, but these early systems are difficult to meet the needs in terms of load capacity, scalability, privacy, compliance, etc., and with the industry Narrative changes and constant silence. If the blockchain wants to move closer to the traditional world, it needs to make fundamental changes to match the needs of the traditional world.
Although the Ethereum ecosystem is working hard in this direction, such as the establishment of the Layer 2 system and the launch of the new ETH2.0, these new changes seem to be making up for the shortcomings of its early design, and it is difficult to centralize "power" excessively Substantial changes were made, which also made the development of the system drift away from its original intention of "world computer".
Decentralization, independence, and decentralization are becoming new themes in the development of the public chain track. The new sovereign modular system based on Cosmos, Celestia, and Eclipse is reshaping the overall shape of the blockchain world.
As expressed by Celestia investor Delphi Ventures, Cosmos pioneered the concept of community computer clusters, and autonomous communities form their own consensus around the applications they care about and prefer; Celestia hopes to effectively verify through community computer clusters to To achieve the vision of expansion. On this basis, Nautilus Chain has become the proponent, successor and practitioner of these Layer0 facility visions in a modular Layer3 architecture.
With the launch of the Nautilus Chain main network, the new modular blockchain will go further out of the theoretical stage, and the large-scale adoption of the blockchain is expected to be put on the agenda.