Introduction

Currently, every blockchain has to create its own 'economic zone,' where liquidity is created through native tokens. This creates a huge liquidity problem, especially for chains that do not have a strong DeFi ecosystem or correct liquidity formation incentives. The outcome is a slow and long ecosystem death, as the applications starve out of liquidity and eventually migrate to another chain or go out of business. Instead, we propose MoreMarkets, a global liquidity marketplace that allows any app from any chain to access liquidity from other chains. This new paradigm benefits three different personas: asset holders, applications, and chains.

With MoreMarkets, asset holders who are bound to their economic zones can participate in ecosystems that are not native to their assets while still keeping their ownership of their assets in their home chain. This increases the utility of the asset since the asset can participate in many different ecosystems, and the asset holder has the potential to interact, earn, and trade with their asset.

Applications benefit from MoreMarkets by having access to remote liquidity. Every DeFi protocol fights for the same liquidity, especially in Solana and Ethereum. This creates a huge bottleneck for DeFi protocol where instead of focusing on their product, they have to make back-door deals or over-incentivize to access the same liquidity. With remote liquidity access, DeFi protocol builders can concentrate on user experience and financial products instead of stressing about finding liquidity for their applications.

Blockchains with native assets on their chain can increase their AUR (Asset Utilisation Rate) by participating in MoreMarkets while keeping their TVL intact. MoreMarkets allows tokens like BTC, XRP, DOGE, and ADA to participate in foreign ecosystems while providing a 'positional token' on the base chain that can be traded or utilized. This allows the ecosystem to keep the TVL while increasing AUR.

More matches these three participants in the market to create a single global liquidity marketplace.