River aims to establish a chain-abstract stablecoin system, allowing users to deposit assets on chain A and mint satUSD stablecoins on chain B; establishing a stablecoin system that requires no cross-chain or wrapping operations, enabling users to safely gain yield opportunities across chains without having to sell assets.
The capital dilemma in the multi-chain era
In the past two years, DeFi has accelerated its development, and the ecosystem has entered the multi-chain era:
· 300+ Layer2s
· 30+ stablecoins
· 20+ LSD/LST based on BTC, ETH
It seems prosperous, but capital and liquidity are locked in isolated islands on their respective chains.
For example, if you collateralize ETH on Arbitrum while holding BNB on the BNB Chain and want to participate in the same strategy, you often need to cross-chain 2-3 times and exchange assets through DEX, which not only incurs high fees but also increases cross-chain risks.
The multi-chain brings choices but does not promote the efficient use of assets; values between ecosystems cannot flow naturally.
River's chain-abstract stablecoin system
Traditional stablecoins operate on a single chain, relying on third-party liquidity when cross-chain; River has chosen a third path—chain abstraction.
The core is to hide the boundaries between chains, allowing users to prepare capital and liquidity without needing to do so separately for different chains.
This is behind the combination of LayerZero technology and the OFT standard:
· Deposit BTC, ETH, BNB, LST on any chain
· Another chain natively mints satUSD
· No need for cross-chain, no need for Wrapped, safely circulating in various ecosystems
It's like having a globally universal bank account, without having to open new accounts in every country, and being able to settle, pay, and invest at any time.
River products have been launched, accumulating $400 million in total locked amount
In the past two months, River's chain-abstract stablecoin system has accumulated:
· Over $400 million in TVL (total locked amount)
· Over $100 million in satUSD circulation
· Supports BTC, ETH, BNB, LST as collateral
· Integrating over 30 protocols (Pendle, ListaDAO, Solv...)
· Ranked number one among CDP stablecoins in ecosystems like BNB Chain, Arbitrum, Hemi, BOB, etc.
This means that no matter which chain your assets are on, they can be activated instantly and invested in multi-scenario strategies.
Why is River needed now?
As of today, DeFi TVL has exceeded $150 billion, and the total market capitalization of stablecoins has reached $270 billion.
In theory, the growth of market capitalization and TVL should bring a more vibrant DeFi ecosystem, but the reality is:
· More dispersed liquidity
· Asset transfer difficulties
· Yield opportunities are concentrated in a few protocols
· New user entry barriers remain high
Against the backdrop of major DeFi, stablecoin giants, and even publicly listed companies launching chains and building their own ecosystems, River's chain-abstract stablecoin system is positioned to solve the liquidity fragmentation issue in a multi-chain ecosystem rather than joining new islands.
Chain-abstract stablecoins? Connecting multi-chain ecosystem liquidity and value circulation
River is not just a stablecoin, but a technology that uses 'fully chain-native' methods to overturn the traditional logic of asset flow.
You can fork Ethena's hedging strategy, Liquidity's liquidation model, Usual Money's stablecoin minting mechanism; but you cannot fork the underlying architecture of chain abstraction built by River.
Currently, all stablecoins, from the first day of design, have not considered 'how to solve the integration issues of cross-chain assets, cross-chain liquidity, and cross-chain yield'; River's stablecoin satUSD started with the full chain goal from Day 1, using LayerZero architecture and natively deploying the satUSD stablecoin system in OFT format, with no similar products appearing to date.
The seamless experience without cross-chain can show the difference in experience immediately, much like realizing the obsolescence of bank cross-border wire transfers when you first use cryptocurrency for peer-to-peer payments.
What River aims to do is not just issue a stablecoin, but to enable any asset in the world to participate in value creation, distribution, and circulate wherever it is needed.
Let every on-chain asset flow to any user worldwide.
Connect with value, flow with River
This article is from a submission and does not represent BlockBeats' views.
