Picasso $PICA

Composable Finance is a groundbreaking project that is developing an innovative ecosystem using the Composable and Picasso parachains. The Picasso Parachain, built on the Kusama network, aims to transform the world of blockchain by offering improved interoperability, customization, and security compared to traditional blockchain structures.

Benefits of Picasso

With the use of parachain technology, Picasso eliminates the need for recruiting validators for security. This unique approach results in stronger finality guarantees and significantly reduces the chances of cross-chain transaction failures.

Empowering dApp Developers

Picasso aims to provide dApp developers with the essential tools to construct interoperable financial applications as pallets on their chain. The project employs decentralised, stake-based governance to facilitate the growth of a comprehensive ecosystem. Their primary focus is onboarding pallets that contribute significantly to the building blocks necessary for DeFi primitive, core, and application functionalities.

Initial Pallets

The initial pallets deployed on Picasso include Apollo, the first MEV-resistant oracle pallet in the Kusama ecosystem, and Cubic, the first-ever vaults pallet on Kusama. These innovative additions to the Picasso environment present a unique opportunity for pallets to mature and flourish over time.

Graduation to Polkadot

Promising pallets will have a chance to graduate to the Polkadot parachain upon its launch. This graduation process is governed by Picasso token (PICA) holders who ensure that decisions made align with the best interest of the ecosystem.

Future of Picasso

The process of moving assets within the ecosystem is becoming increasingly intuitive as Composable continues to work towards unlocking the interconnected ecosystem of blockchains. With an aim of creating a cross-chain, cross-layer networking fabric, Composable seeks to enable both developers and users to interact with multiple ecosystems in an easy-to-use, scalable, provable, and decentralised way.