PANews reported on February 14 that according to the official announcement of LI.FI, it has acquired Catalyst, a protocol that focuses on intent-driven transactions (Intents), supports resource locking, and can run in any virtual machine (VM) environment. By integrating the Catalyst team and technology, LI.FI will enhance intent execution solutions (solvers), provide developers with deeper liquidity, better price execution, faster new chain integration, and support chain abstraction experience.
Founded by Jim Chang and Alexander Lindgren, Catalyst is committed to permissionlessness, trust minimization and modularity, which is highly consistent with LI.FI's vision of cross-chain aggregation and liquidity market. As the fragmentation of the blockchain ecosystem intensifies, Catalyst's intention-driven transactions and resource locking mechanism will enable LI.FI to run more efficiently across VMs and promote cross-chain transactions from linear growth to exponential expansion.
