A growth platform to create an ecosystem of permissionless L1s.

Motivation

A project owning their own L1 is highly desirable, as it allows the project to:

• Create a superior product for users via a custom UX (eg. enshrined account abstraction, smart contract wallets, and gasless blockchains).
• Create and own a tokenized economy with zero value leakage and maximum value accrual.
• Have maximum regulatory coverage by having broad community distribution with utilities for the protocol’s native token on day 0.
• Have a clear path to progressively decentralize via staking and governance.
• Be a platform for incentivizing developers/users to build on the L1 protocol.

But there are critical pain points in building an L1 which drastically increases the costs associated with launching your own chain:

• Prohibitively Expensive RnD: Current L1 infrastructure demands deep crypto expertise, a 2+ year RnD period, and an ongoing commitment to maintaining and improving the infrastructure as the L1 grows.
• Bootstrapping Network Security & Traction: L1’s have to build their own network security and traction at the same time in order to maintain growth velocity and create regulatory cover. But this is a highly manual and expensive process, requiring manually brokering deals and allocating ~50% of the token supply towards rewards.
• Fragmented Token Launch Supply Chain: Making the L1 usable is a 3-6 months investment and requires navigating a large and fragmented token launch supply chain, who often have misaligned incentives.
• High Cost of Interoperability: Achieving interoperability is expensive and requires a parallel RnD effort on both the technical underpinnings, and customer experience.

These problems force builders to make lose-lose tradeoffs:

• Launch on an existing L1 and access network effects with shorter RnD times, but lose out on customizability and token economics (Ethereum, Solana)
• Use L2 blockchain infra at the cost of customizability + scalability (Dymension, OP Stack)