The Europa Liquidity Hub
Europa is a shared SKALE Chain that hosts a cluster of liquidity-focused dApps and services.
Bridging And Liquidity Fragmentation
Liquidity will move into, out of, and around the SKALEVERSE via bridges. However, SKALE is intentionally designed as an open, permissionless system, meaning that every bridge from Ethereum mainnet to a SKALE Chain will have a different wrapping standard for tokens migrated across it. This risks causing popular tokens, including BTC, ETH, and stablecoins, to be split into as many different and incompatible versions as there are mainnet bridges.
This fragmentation of liquidity would be detrimental to the SKALEVERSE, since dApps would not have a common standard for the tokens they use.
The aim of the Europa initiative is to establish a default mainnet bridge and entry-point to the SKALEVERSE, and the social consensus and network effect to ensure there is a single version of each major token, which can then be used interchangeably by every dApp across the SKALE network.
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