Liquidity Cloud

One pool of value across every chain: where vAssets and morphing meet once they run on Final Chain. Planned, described so the pieces before it make sense.

Last updated 2026-09-03 · maintained in the Final Wiki

#What it is

Today liquidity is fragmented by chain: the same asset is a different pool on each network, and moving between them is a bridge hop. The Liquidity Cloud treats your holdings as one exposure, recorded on Final Chain, that can be expressed on whichever chain you need it, in whichever form you need it:

  • vAssets put a locked asset to work on another chain.
  • Morphing changes what a locked position is exposed to — long or short, bounded by the per-asset cap the asset registry sets — without a sale.
  • Settlement delivers the result where it is used and returns what cannot settle.

Combined, a position moves between chains and forms as a change of record on Final Chain, delivered by the settlement rail, without a market trade at each step.

#What it is not

  • Not a bridge with pooled liquidity providers: there is no pool to drain and no LP token.
  • Not a DEX: prices come from the oracle's time-weighted marks; morphing does not fill against an order book.
  • Not a custodial wrapper: real assets stay locked in the settlement contract on their origin chain, backing exactly what is issued, and every vAsset carries a verifiable proof of that lock.

#Order of events

  1. Morphing runs on the Pre-Final Chain now and moves to Final Chain at its launch.
  2. vAssets live on mainnet with registries synced.
  3. MultiDEX, cross-chain asset trading, after the ICO.
  4. vAssets morph on Final Chain — with the Final Chain release. Positions in vAssets can be morphed on the state plane from that day. The Liquidity Cloud follows Final Chain.

#See also

vAssets · Morphing · Roadmap · Fees and PHI