BABELFISH

What It Does: Since the big bang of DeFi in the crypto galaxy, many stablecoin projects have been created to meet the demand for USD. Different stablecoin brands with unique selling points are competing to represent the same dollar, but they do not translate 1:1, and crypto dollar liquidity is fractured between issuers and protocols. As DeFi markets expand beyond Ethereum to multiple chains, stablecoin liquidity is fractured further by the bridges used, which is suboptimal for the industry. BabelFish abstracts away these differences by aggregating stablecoins from multiple isolated liquidity lakes and providing users with access to the combined ocean of crypto-dollars available. Think of it as a translator or a converter: if a user wants to use crypto dollars on another chain, she can stick it on BabelFish and seamlessly get a par-value equivalent on the other side... BabelFish's mind-boggling objective is to aggregate and distribute stablecoins, enhance flow, and push..