Blue Labs vision is to enable Web3 Communities to build their dreams! So far the team has built three protocols that are now ready to fully go live and scale. Each protocol is unique in its features.
In the following article we want to present these protocols and outline the strategic positioning of each one. As you will see, Shimmer is getting one more protocol that was stealth developed, tested and never announced to the community before!
ShimmerSea
ShimmerSea is a DEX native to the ShimmerEVM ecosystem. Its mission is to accelerate the growth of the Shimmer Ecosystem and become the go-to DEX for users and projects seeking to launch on Shimmer. Built on UniV2, the DEX is ideal for early launches on chains, volatile tokens and user adoption. The tech of this DEX aims to maximise robustness of the protocol and simplicity for users and projects.
As of today, the protocol is fully tested, audited and ready to launch. This includes the launch of its own token economy. More information about the token economy behind ShimmerSea is planned to be released together with the whitepaper in the near future.
ShimmerSea NFT Marketplace
The ShimmerSea NFT Marketplace is the home of our LUMIS — an NFT collection of ShimmerSea. The goal of the marketplace is to expand the opportunities for projects wanting to launch on ShimmerSea. With the NFT Marketplace on top, projects can build reward systems that include, token trading, incentivised staking pools and NFTs — all in one place. With already known community projects like ApeDAO, IOTABOTS, Early Adopters, Rusty Robots, and Dark Myhtos ready to launch on ShimmerSea’s NFT Marketplace, the protocol is poised to become the key marketplace for NFTs on ShimmerEVM. As of today the protocol is fully tested and ready to launch.
Swapline
As outlined in previous medium articles the team behind Blue Labs has always planned to build two DEX protocols. One protocol tailored to young experimental ecosystems as ShimmerEVM, and one DEX with more sophisticated technology in the background that targets already matured ecosystems and tokens.
Introducing Swapline, a multi-chain DEX built on Liquidity Book for experienced DeFi Liquidity Providers that is already live on five chains!
As the first Liquidity Book fork in DeFi, Swapline offers a rich feature set:
- Concentrated Liquidity with zero-slippage trades
- Native dynamic fees
- Execution of trading strategies with native range orders
- Native Limit Orders with 0% trading fees
- Automated Liquidity vaults
- Multichain modular frontend
- Cross-Chain Swaps / Bridge integration
Swapline targets pools containing primarily stablecoins and blue chip tokens, because these are ideal for concentrated liquidity. As of today the protocol has soft launched on Fantom, Arbitrum, Optimism, Polygon ZKevm and Base, proving its stability and use case. Despite not being feature complete, not being fully audited, and not being heavily marketed, the protocol has experienced significant growth and already facilitated ~1 million USD in trading volume. The protocol is currently undergoing a final comprehensive audit before we launch the $LINE token. More on this will be shared in the near future.
Encouraged by the positive response on Swapline, BlueLabs seeks to deploy Swapline next to ShimmerSea on ShimmerEVM once the necessary chain tooling for Swapline is available. On ShimmerEVM, Swapline will target stablecoin-pairs and blue-chip token pairs, offering the most efficient concentrated liquidity in DeFi.
With ShimmerSea, its NFT Marketplace, and Swapline, Blue Labs is setting the stage for an exciting and innovative future. Let’s build our dreams together in this decentralized new world!
