Composable Finance First Recipient Of Composable Grants Program — Arturo
By Composable Finance unrelenting efforts to foster a connected Web 3.0 future, They are pleased to announce Arturo as the first recipient of the Composable Grants program. They extended an invitation to the broader DeFi community at large via our grants program. Arturo has developed a portfolio automation pallet and will be deploying it on Picasso parachain.
Moreso, Arturo is a pallet built with the generalized Substrate framework, giving it ample opportunity of being deployed as a useful tool that possibly binds all other pallets within the Composable ecosystem. This functionality demonstrates the power of Substrate pallets as compared with EVM, allowing Picasso to become the backbone of all other pallets working together.
Arturo is a no-code tool for DeFi developers and investors. Arturo users can easily create responsive, automated strategies to achieve their portfolio management goals without prior programming knowledge.
Following code audits and extensive security analysis, the Arturo pallet will be deployed on Picasso — the Kusama parachain. The Arturo pallet will be constantly put to the test and improved on Picasso, which serves as a testing ground for developers to refine their work for real-world DeFi use-cases.
Arturo can further graduate to our future Composable parachain on Polkadot through a governance structure when it is secured. We believe this to be an instrumental step in the right direction in fostering the development of Picasso with the ultimate goal of deploying only the best pallets to the Composable parachain.
Composable Labs, the incubator arm of Composable Finance, through its Composable Grant program, will be providing financial and development services to Arturo, ensuring that the pallet is at full potential. We are excited for the future of the Composable ecosystem as we continue to welcome promising pallet projects from the DeFi developer community.
About Composable Finance
Composable Finance is building the core infrastructure that will play a key role in empowering DeFi to deliver on its undeniable potential, offering an arsenal of tools that allow for the seamless interaction of L1 blockchains and L2 scaling solutions.
Composable’s XCVM provides an interface that enables developers to interact with different bridges, with a view to building a single access point, known as the Innovation Availability Layer (IAL), that supports cross-chain and cross-layer transactions. With this capability, an action such as borrowing an asset against collateral can be routed through an ecosystem-agnostic path, maximizing for users’ preferred outcomes and parameters. Composable Finance utilises a suite of unique tools to achieve their ambitious goals including the priorly mentioned composable XCVM, a routing layer, their parachain and Mosaic, a cross-layer liquidity solution.
