Clone, a protocol designed to make it easier for Solana blockchain users to trade non-native tokens, revealed that it will launch the public mainnet of Clone Markets and Clone Liquidity tomorrow.
This launch will introduce markets on the Solana blockchain for non-native assets via ‘cloned assets’, also known as ‘clAssets’.
The purpose of this protocol is to simplify trading of non-native tokens on Solana so that traders can optimize their transactions to take advantage of the blockchain’s high transaction speeds and lower fees.
Clone Markets aims to be the trading platform that allows users to buy and sell clAssets instantly. It is designed so that traders can manage their portfolios within the Solana blockchain without having to constantly switch between different chains.
It will give liquidity providers access to a liquidity system that supports leveraged liquidity pools and crossed margins in exchange for USDC collateral. This single collateral source will access each Clone pool simultaneously.
“Our mission is to make every token tradable without leaving Solana, expand our community, and unlock the true potential of the blockchain,” Clone co-inventor Evan Deutsch said in a statement reviewed by Blockworks.
This latest mainnet launch follows a recent private mainnet that went live on February 1, where assets clARB and clOP, clones of Arbitrum’s ARB token and Optimism’s OP token, were made available on the network.
In addition to clARB and clOP, users will also be able to purchase cloned SUI or clSUI. This will be the first market where Solana users can trade SUI tokens on its network.
