Beluga Protocol ($BELA) is a multichain stableswap AMM powered by Layer 3 infrastructure. First stableswap that enables cross-chain swap with Layer 3 infrastructure. The key concept underpinning Beluga’s design is asset liability management (ALM). By introducing the concept of ALM, Beluga allows each token to grow organically based on its natural supply and demand.
Beluga allows users to provide unilateral liquidity. Instead of pools of token pairs and bundles, Beluga uses accounts of tokens to record assets and liabilities, allowing single-sided liquidity provision. Beluga aims to enhance DeFi user experience by aggregating liquidity from across chains to form cross-chain swaps that can be executed within Beluga, saving users time from finding bridges to transfer their assets.