Background: $CAST

TL;DR

Launching a token across Base and Solana typically requires an expensive direct bridge for each token, costing 5–8 SOL. Degencast solves this by using a single bridging asset—$CAST—and built-in arbitrage mechanics to synchronize prices across chains, delivering a simpler, cheaper path to truly omnichain launches.

Context

• Base and Solana are Dominant Chains

Base (an EVM-compatible L2) and Solana (a high-throughput Layer 1) have emerged as two of the most vibrant ecosystems in the crypto space—both in terms of developer mindshare and available liquidity. It’s likely they will remain relevant in the foreseeable future.

• Fragmentation of Assets

Although tokens are fungible by design, launching them on multiple chains often creates fragmented liquidity and user bases. This fragmentation dilutes the token’s overall utility and forces projects to manage multiple versions of the same asset.

Motivation

• Omnichain Assets as the Ideal

In an ideal scenario, a token should function seamlessly across chains. This “omnichain” vision would allow users to trade, stake, or utilize a single asset in multiple ecosystems without friction.

• Native Crosschain Bridging Is Costly

A naive approach—setting up direct bridges for each newly launched token—can be prohibitively expensive and complex. Each project would have to manage separate mint/burn or lock/release logic, exposing more potential attack vectors.

• Degencast’s Solution

By introducing $CAST as a single, trustless bridging asset and pairing each new token $T locally with $CAST on both chains, we achieve logical crosschain behavior. Arbitrageurs move $CAST back and forth to keep $T’s price aligned across Base and Solana. This new kind of omnichain asset launchpad—Degencast—lets you launch on multiple chains at once without directly bridging every token.

Key Features:

• Simultaneous Dual-Chain Launches: Projects can tap into two ecosystems (Base & Solana) at once.

• Single Bridging Asset $CAST: Only $CAST is bridged across chains, drastically simplifying cross-chain operations.

• Efficient Price Convergence: Liquidity pools on each chain plus the bridging of $CAST ensure near-identical prices on both chains.

• Open & Permissionless: Anyone can create and manage liquidity pools for their tokens.

Jump right in

Introduction

High-Level Overview

Key Components