Gasp: non-custodial omnichain AMM built as an EigenLayer AVS
Thread438 words
Thesis on Gasp (formerly Mangata), an Ethereum-native cross-chain AMM on EigenLayer offering gasless, MEV-protected swaps in seconds. Argues fragmented modular liquidity needs omnichain solutions and that Gasp could be worth billions, like a non-custodial THORChain.
Key claims
Gasp raised from Polychain and CMS Holdings
Swaps are gasless and MEV protected, in seconds rather than minutes
Gasp can be worth billions in the bull
AVS season is upon us with @eigencloud mainnet launch and this narrative will print millionaires
Cross-chain tech built on EigenLayer will take DeFi multichain and provides some of the biggest opportunites in the market
In this 🧵 I unveil my main play (with airdrop): @Gasp_xyz t.co/gYQ6Mlzl4z
1/ Last week was a big one for the crypto space as @eigencloud successfully launched mainnet.
This opens the doors for AVS operators to register their AVS and bootstrap decentralized networks on restaked ETH security.
x.com/eigenlayer/status/1777757913718899074
2/ Among the first ones to launch will be @Gasp_xyz.
Gasp is an Ethereum-native cross-chain AMM protocol that allows users to seamlessly swap native assets across L2s in a fast, gas-free and MEV-protected way.
Now live on Holesky.
x.com/Gasp_xyz/status/1780231422134952138
3/ Before its recent rebrand, @Gasp_xyz was called Mangata and if you want to explore the tech in-depth, check out my deep dive below! 👇
x.com/zerokn0wledge_/status/1737443087339675978
4/ I'm super bullish on @Gasp_xyz as I believe it can capture a significant chunk of the trillion dollar trading volumes that come with a bullrun.
x.com/zerokn0wledge_/status/1755984935335407928
5/ The @eigencloud-based and Ethereum-native master rollup architecture is also highly innovative and will provide the most secure, fully non-custodial trading experience to the market.
x.com/zerokn0wledge_/status/1752693265072329106
6/ The top VCs are bullish too.
@Gasp_xyz has recently announced a fundraise including big backers like @polychaincap or @cmsholdings.
This also indicates that a token launch is close.
x.com/Gasp_xyz/status/1775580369242235309
7/ And I agree with the VCs.
The modular thesis comes with an increasing fragmentation of users & liquidity across execution layers. Without X-chain liquidity solutions, DeFi ecosystems might dry out.
@Gasp_xyz is the omni-chain liquidity layer that solves this.
8/ For the end user, it will provide an alternative to traditional AMM DEXes or bridging providers but much cheaper (gasless & MEV protected) and faster (seconds instead of minutes), thanks to @eigencloud tech.
9/ This is a game-changer anon and I highly recommend keeping an eye on @Gasp_xyz as mainnet and the token launch are imminent.
One of the easiest to understand and yet most powerful AVS use cases out there.
10/ 🪂 Bonus Alpha:
There will be an airdrop and you might still have a chance to get in!
x.com/zerokn0wledge_/status/1781254506077929670
11/ Think @THORChain but fully non-custodial, built on @eigencloud and secured by Ethereum.
@Gasp_xyz can easily be worth billions in the bull anon.
DYOR and be ready to move when the time comes!
That's a wrap chads! I hope you've found this thread helpful! 🫡
Make sure to follow me @zerokn0wledge_ to stay ahead of the curve on @eigencloud and leading AVS projects like @Gasp_xyz! 🚀✨
Like/Repost of the below post is also highly appreciated! 🙏👇
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What came next · since 19 Apr 2024
Since then
Zero has written 1 more piece on Gasp since this one.