Cashmere Labs Airdrop: tasks and status

Cashmere, developed by CashmereLabs, is an omnichain middleware protocol that enables seamless, zero-slippage transfers of native assets across both EVM and non-EVM blockchains—including Ethereum, Solana, Sui, Aptos, Avalanche, and Cosmos—by leveraging Circle’s Cross-Chain Transfer Protocol (CCTP) and Tether’s USDT0 for direct burn-and-mint mechanisms, ensuring atomic execution with low gas fees (e.g., ~$0.35 on Ethereum L1, ~$0.018 on Sui) and rapid finality without relying on liquidity pools or market makers.

Its architecture combines on-chain smart contracts like TokenMessenger and UsdtOFT with an off-chain Golang relayer for fault-tolerant bridging, real-time API fee quoting to minimize costs, and protections against MEV through minimum received amounts, resulting in a 90% reduction in output loss compared to competitors and 45% lower gas costs potentially saving users monthly in hidden fees.

Cashmere supports diverse applications such as omnichain yield aggregation, payments, AI agent integrations, and asset trading, targeting developers and users seeking efficient cross-chain composability with downstream contracts.