Gasp is an Ethereum-native cross-rollup protocol that facilitates gas-free, lightning-fast swaps across multiple Ethereum Layer 2 networks while ensuring minimal MEV exposure. By providing omnichain liquidity and utilizing EigenLayer for enhanced security, Gasp addresses the inefficiencies and high costs associated with cross-chain trading.
Funding
$9.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Cross-chain and cross-rollup swaps on Ethereum often suffer from high gas fees, slow transaction speeds, and exposure to maximal extractable value (MEV). Existing solutions lack efficient liquidity aggregation across different Layer 2 networks, leading to fragmented trading experiences.
Solution
Gasp is an Ethereum-native cross-rollup protocol designed to facilitate gas-free and rapid asset swaps across multiple Ethereum Layer 2 networks. By consolidating liquidity and leveraging EigenLayer for enhanced security, Gasp aims to minimize MEV exposure and reduce the costs associated with cross-chain trading. The protocol functions as a multi-settlement trading blockchain, providing connectivity to Bitcoin, Ethereum, and other Layer 1 networks for improved asset management. It enables solvers and solver networks to efficiently rebalance their inventory.
Target Audience
The primary target audience includes DeFi traders, liquidity providers, and solver networks seeking efficient and cost-effective cross-chain trading solutions on Ethereum Layer 2 networks.
Features
- Gas-free swaps, minimizing transaction costs for users.
- MEV minimization techniques to protect users from front-running and other exploitative practices.
- Omnichain liquidity aggregation for efficient trading across blockchain networks.
- Modular rollup design secured by Ethereum through EigenLayer.
- Support for cross-chain swaps across any Ethereum L2.
- Solver settlement layer enabling efficient inventory rebalancing.
- Native liquidity and rollup escape hatches to guarantee asset withdrawal.