Blackwing is a layer-2 app-chain built on Initia, a Cosmos (ATOM)-based layer-1 network. It is designed as a modular blockchain that separates transaction, execution, and security layers to reduce network burden while preserving security and decentralization. Its signature feature, Limitless Pools, uses liquidity providers' positions as collateral to recreate trading positions regardless of asset price swings, aiming to lower liquidation risk while offering higher fees to LPs and stable leverage to traders. Blackwing also implements an intent-solver architecture to abstract and minimize complex execution steps, improving user experience and allowing users to move assets without separate bridges or additional wallets. The project emphasizes lower costs and higher security for users and aims to attract a new wave of traders through interconnected, specialized app-chains. Financially, Blackwing announced a $4.5M investment round to support development and adoption of its protocol.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2024