High-Level Overview

Traditionally, cross-chain token launches require complex bridging solutions for every token. Degencast simplifies this by introducing a single foundation token, $CAST, natively deployed on both Base and Solana, with robust bridging support. Each newly launched token $T is paired with $CAST in local liquidity pools on each chain. Arbitrage is performed by moving $CAST (never $T) across chains, ensuring the prices of $T remain closely aligned.

Diagram:

 +-----------+                      +-----------+
 |  Base     |                      |  Solana   |
 |           |                      |           |
 |  T-CAST Pool | <-- T is launched -> |  T-CAST Pool |
 |  (Dex)    |                      |  (Dex)    |
 +-----^-----+                      +-----^-----+
       |                                  |
       |                                  |
       |   1:1 Bridging of CAST          |
       +----------- (CAST) --------------+