What is Composable Finance? Detailed information about the LAYR . token

• Overview of Composable Finance
• What is Composable Finance?
• Basic features of Composable Finance
• Products of Composable Finance
• The development team, the investor of the Composable Finance project
• Development roadmap of Composable Finance
• Overview of the LAYR . token
• What is LAYR Token?
• Detailed information about the LAYR . token
• LAYR . token allocation
• Where can LAYR tokens be bought and sold?
• The future of Composable Finance and should I invest in LAYR tokens?
• summary

Overview of Composable Finance

What is Composable Finance?

Composable Finance is a full technical stack created for the purpose of promoting the development of digital assets and the DeFi protocol. 

Therefore, this project creates an environment that allows users to more easily interact with projects in the DeFi space in a more seamless manner. At the same time, Composable Finance also provides interoperability that allows unification of functions across all blockchain ecosystems.

Not stopping there, this protocol also has the ability to connect between Layer 2 and the Polkadot, Kusama and Cosmos ecosystems through the IBC protocol. In the future, Composable Finance will expand its connection to other ecosystems such as Algorand, Solana, etc.

You may be interested : Composable Finance project review: An expert's perspective?

Basic features of Composable Finance

Composable Finance is building the infrastructure that allows developers to deploy decentralized applications. At the same time, the project provides users with the ability to access ecosystems such as Polkadot , Kusama, Cosmos ... and automatically interact between these layers with another layer or platform with another platform. 

Composable Finance was created specifically for removing the complexity of using DeFi protocols. In addition, this project eliminates the problems of high costs and delays in transaction execution. 

In addition, Composable Finance is creating an information transfer protocol in the ecosystem and virtual machine supported by IAL (Innovation Availability Layer). The IAL will serve as a fabric capable of orchestrating and computing smart contract functions across multiple Layer 1 and Layer 2 technologies seamlessly without compromising security. With this ability, all activities on Composable Finance can take place in the most optimal way.

Products of Composable Finance

Cross-Chain Virtual Machine (XCVM)

The Cross-Chain Virtual Machine (XCVM) is a single and extremely developer-friendly interface to the project developer. This product allows them to interact and coordinate smart contract functions across multiple Layer 1 and Layer 2 existing in the cryptocurrency market. 

XCVM tools allow developers to fully exploit communication functions and liquidity availability across a variety of platforms. Thanks to XCVM, users can make investments on more blockchain platforms. 

Routing Layer

Suppose, an investor makes a loan of 1,000 USDC, the Routing Layer is responsible for evaluating all layers and blockchains that support borrowing to choose an optimal option for users.

Routing Layer will be absolutely secure and be provided with the ability to choose the best options to meet the needs of the user. This product will act as a function aggregator, providing optimal services to users. At that time, investors do not need to search for optimal profit opportunities in the entire DeFi space.

Another application of Routing Layer is cross-chain cost management. The infrastructure of Composable Finance intends to bring together multiple blockchains into a single network. At that time, a user's investment activity will have many implementation options. In this case, the user has to find the best option for himself based on many different factors. The Routing Layer will simplify this process and allow users to customize the parameters they want to optimize when completing a certain transaction.

• Indexer Node has the function of storing information and data into the graph data buffer. 
• Routing Node will find the best solution for users.

Mosaic

Mosaic is a cross-chain transfer system, created with the goal of ensuring that liquidity gets moved where it is really needed. Currently Composable Finance is testing this possibility on the EVM virtual machine system by launching Mosaic's Proof-of-Concept. From there, the project can generalize the liquidity problem as well as offer optimal solutions for other ecosystems.

Currently, Mosaic is integrated with Ethereum, Moonriver and several scaling solutions, Layer 2 such as: Arbitrum, Avalanche C-Chain, Polygon and Fantom. Going forward, Mosaic will connect all other DeFi ecosystems, including pioneering ones like Cosmos and DotSama, to create flexibility between different blockchains.

The immediate vision is for Mosaic to provide liquidity services for Layer 2 projects. The ultimate goal is to build a liquidity-driven system that can move liquidity as needed around the space of projects. Layer 2 project.

In addition, Composable Finance allows users to deposit their NFTs into the Summoner Vault from any source layer that is linked to Mosaic. This NFT will then be locked and cast back to any Layer associated with the Mosaic selected by the user. Through this simple Vault locking process, the freshness of the NFT will be maintained, while allowing users to easily migrate that NFT across different ecosystems in the DeFi space. 

Picasso Parachain

Picasso is the twin brother of Composable Finance built on the Kusama network . Picasso Parachain provides enhanced interoperability, customization, and security on top of traditional blockchain structures. 

Currently, Composable Finance is planning to build an entire ecosystem around the Composable and Picasso parachains. Composable Finance will provide app developers and users with a decentralized economy with unlimited access. This allows developers to have access to the best maintained parachains. 

In addition, Picasso has a mechanism for users to vote on which Pallets they want to add at runtime. This will be done through Picasso native tokens (PICA), which provide PICA holders with governance votes.

Explanation of words : Pallets are solutions that help blockchain have additional features when upgrading.

The development team, the investor of the Composable Finance project

Development team

Composable Finance owns a team of individuals with a passion for decentralized finance and blockchain technology, including:

Cosmin Grigore, CEO of Composable : Cosmin has been involved in the cryptocurrency market since 2017 as a Solidity programmer. He used to work in the field of computer science. Cosmin made the full transition to cryptocurrencies in 2020. The first unit he worked with was Nakamo.to – a company invested by Advanced Blockchain AG, as the technical development team leader.

Karel Kubat, CTO of Composable : Karel is a longtime crypto developer and investor. Karel has worked on a wide range of blockchain protocols and platforms, such as Ethereum, NEO, Substrate, and more. 

Zain, CMO of Composable : Zain is a marketing executive with years of branding experience. Prior to joining Composable, he was brand manager at Biconomy and chief marketing officer at Muzmatch.

Seun Lanlege, Parachain Lead of Composable : Seun was a core developer at Parity Technologies. While at Parity, Seun worked for Ethereum, Substrate, and Polkadot, while also learning how to launch and maintain other blockchain networks. He is leading the Polkadot development team, Seun will leverage his knowledge and experience to develop Composable Finance. 

Investors

The project has raised 7 million USD from major investment funds in the cryptocurrency market such as: Alameda Research, Maven Capital Advanced Blockchain, CMS, DFG, Spartan, RareStone and many others.

Development roadmap of Composable Finance

Quarter 4 of 2021

• Composable will integrate Cross Layer NFT for Mosaic.
• Picasso will be integrated on Kusama, issuing PICA tokens.
• Apollo – Picasso will unlock basic and advanced voting.
• Cubic – Picasso released the standard for Vaults in DeFi based on Substrate.

1st quarter of 2022

• Centauri – Picasso launches bridge between two networks committed to interoperability.
• Picasso experimented with IBC-Substrate.
• Picasso will implement BEEFY Light Client for Cosmos-IBC connection and parachain for L2 bridge.

Second quarter of 2022

• Picasso launches Routing Layer, Composable XCVM and IBC-Substrate Mainnet.

Overview of the LAYR . token

What is LAYR Token?

LAYR is the native token of Composable Finance and has some main functions as follows:

• Investors can staking LAYR to receive incentives that are free or reduced transaction fees. In addition, they also have the opportunity to receive a part of the fee from the Composable protocol.
• For administrative decisions on pallets upgrade to LAYR and vote for additional network or bridge support.
• Staking LAYR to become Mosaic Validator, Relayer, Collator, Routing Node…
• LAYR is used to pay for SDK services.

Detailed information about the LAYR . token

• Ticker: LAYR
• Blockchain Network: Ethereum, Polkadot
• Total Supply: 100,000,000 LAYR

LAYR . token allocation

Seed Investor: 20%, of which 20% will be unlocked at TGE, the remaining tokens will be distributed linearly over 2 years.

Advisor: 5%, these tokens will be locked for 3 months and then distributed linearly over the next 3 years.

Team: 20%, these tokens will be locked for 6 months and then distributed linearly over the next 2.5 years.

Protocol Emission: 10%, this token will be distributed evenly every month for 36 months (277,777,778 LAYR per month for three years).

Crowdloan: 15%, of which 12% is being used in current Polkadot auctions with 25% to be allocated at TGE, the rest will be distributed over 2 years.

Treasury: 20%, tokens in the treasury will be allocated linearly over 2 years.

Polkadot Vault Strategy: 5%, of which 50% will be released at TGE, the rest will be distributed in 6 months.

Developer Advocate Fund: 5%, of which 50% will be issued at TGE, the rest will be distributed in three months.

Where can LAYR tokens be bought and sold?

Currently LAYR token is not listed on cryptocurrency exchanges. However, investors can join Composable's Crowdloan by contributing DOT or stablecoin to get LAYR back.

You may be interested : Composable Finance's guide to joining Crowdloan with stablecoins .

The future of Composable Finance and should I invest in LAYR tokens?

Moving assets back and forth between ecosystems has become easier and easier with the arrival of Composable Finance. The project creates a two-way bridge for many platforms such as Ethereum, Cosmos, Avalanche, Solana, NEAR Protocol, Moonbeam, Moonriver… With the continuous development of the cryptocurrency market, there are more and more applications. Start splitting operations across Layer 1 and Layer 2 platforms to minimize costs and maximize performance. Composable was born to serve all activities of interaction, transfer and transmission of information in today's popular ecosystems.

Some official information channels of the project that investors can follow are:

Website | Twitter | Telegram | Discord | Medium | Github

summary

Thus, TraderH4 has just brought to readers all details about the Composable project and the LAYR token. With the advantage of saving the cost of transferring assets across the chain and transactions being processed quickly, Composable promises to attract more users in the near future. 

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