Range Protocol

Skate, formerly known as Range Protocol, is a universal application layer that enables decentralized applications to operate across multiple blockchain networks with a single state. The platform is designed to connect various Virtual Machines (VMs), including EVM, TonVM, and SolanaVM, allowing users to interact with applications from their preferred chain. For developers, Skate aims to manage cross-chain complexities, eliminating liquidity fragmentation and simplifying dApp deployment.

In September 2023, as Range Protocol, the company secured $3.75 million in a seed funding round co-led by HashKey Capital and Nomad Capital, with participation from other investors like Spark Digital Capital and Mirana Ventures. This was followed by a $1 million public sale in March 2025. The firm's objective is to provide an infrastructure for on-chain asset management, offering users non-custodial vaults and access to sophisticated, automated trading strategies. These strategies cover various decentralized finance (DeFi) sectors, including automated liquidity management on concentrated liquidity Automated Market Makers (AMMs) like Uniswap, liquid staking derivatives, and NFT finance.

The protocol offers different vault strategies, such as Active, Passive, and Pegged, each with varying risk and yield levels. Active strategies involve frequent rebalancing to maximize fees and minimize impermanent loss, while passive strategies use wider liquidity ranges for more stable returns. The business model includes a performance fee, which is a percentage of trading fees collected, and a management fee charged when users withdraw assets.

Keywords: universal application layer, cross-chain interoperability, decentralized applications, on-chain asset management, automated trading strategies, DeFi infrastructure, liquidity management, non-custodial vaults, EVM, SolanaVM, TonVM, AMM vaults, liquid staking, NFT finance, cross-VM interaction