Why Build Mizu On Movement?
Published: 12/18/2024
A unified liquidity layer built on Movement
Isolated liquidity pools, complex interoperability, and siloed yield opportunities have created a disjointed DeFi ecosystem that falls short of its true potential.
This is the problem Mizu set out to solve. But to do so, the team knew they needed a technological foundation that could keep pace with the rapidly changing blockchain space while prioritizing security, interoperability, and accessibility. That's why they chose to build Mizu on top of Movement Labs' SDK making Mizu first MoveVM chain to unify the liquidity for all VMs
So, why Move?
The Move programming language, developed initially for high-security environments, now powers Movement Labs’ tech stack. It is an EVM-compatible VM from Movement Labs that offers formal verification, better scalability, and robust security for smart contracts.
While it powers the Movement framework, its resource-oriented model is critical for managing liquidity efficiently and securely. Move's key features include:
- Bytecode Verification: Guarantees the integrity of deployed code, reducing vulnerabilities.
- Resource Safety: Ensures assets are treated as unique entities, preventing duplication and unauthorized manipulations.
- Parallel Execution: Enhances scalability by processing multiple transactions simultaneously.
Mizu’s adoption of Move capitalizes on these features to ensure a highly secure and scalable liquidity layer.
At Mizu, we recognized that the future of blockchain will be defined by interoperability and security but most importantly, it needs to be unified. Move's design philosophy allows us to build a liquidity super layer that not only unifies capital across virtual machine environments, but also provides ironclad safety guarantees for user assets.
Formal verification
Move is supported by the Move Prover, which offers formal verification capabilities - the gold standard for developing secure critical systems. For Mizu, formal verification ensures that its Adaptive Yield Optimization (AYO) algorithms function without risk of unintended behaviors, safeguarding user assets.
Move's VM-agnostic nature is a key enabler for Mizu's vision of a truly interconnected DeFi landscape. By building on Move, Mizu can integrate with a wide range of blockchain networks, both EVM-based and non-EVM, without the traditional limitations of bridge-based solutions.
Fragmentation is the enemy of DeFi, and Move allows us to create a single source of liquidity that can be accessed by any chain, empowering users to deploy their capital where they see the most potential without sacrificing yield opportunities elsewhere.
Security First with Move
Move's design principles align perfectly with Mizu's commitment to safeguarding user assets. Security is at the forefront of Mizu’s design. By building on Movement Labs, Mizu inherits:
- Multi-signature Safeguards: Critical operations require multiple approvals, reducing risks of unauthorized access.
- Immutable Asset Management: Move’s resource-oriented programming ensures that assets cannot be duplicated or tampered with.
When it comes to something as critical as liquidity management, users need to know their funds are secure. Move's safety features, combined with our own rigorous security practices, will give Mizu users the confidence to entrust us with their capital.
Accessibility
Beyond technical advantages, Move also aligns with Mizu's focus on making DeFi more accessible and inclusive. The language's simplicity and developer-friendly tooling make it easier for a wider range of builders to contribute to the ecosystem, accelerating innovation and adoption.
Our goal is to create a unified liquidity layer that works for everyone - users, developers, and protocols alike. Move's focus on approachability and interoperability is a perfect fit for our vision of unified, capital-efficient DeFi.
As the blockchain space continues to evolve, Mizu is positioning itself as a futureproof solution built on the solid foundations of Move. By harnessing the language's unique capabilities, the team is confident they can deliver on their promise of
"Any chain, Any dApp, Liquidity for everyone."
The Rise of altVMs
Mizu recognizes the increasing demand for alternative virtual machines (altVMs) and builds its unified liquidity layer on Movement’s MoveVM. This strategic choice aligns with industry trends favoring more secure and efficient execution environments over traditional EVMs. MoveVM’s advantages include:
- Advanced Security: Formal and bytecode verification for all transactions.
- Scalability: High throughput via parallel execution.
- Interoperability: Seamless integration with other chains and frameworks.
This focus on altVMs positions Mizu to capitalize on the growing ecosystem demand for innovation beyond EVM compatibility.
Consumer dApps
In addition to its focus on technical excellence, Mizu is also committed to making DeFi more accessible and user-friendly for mainstream consumers. By building on the solid foundations of Movement Labs , Mizu aims to create a seamless, intuitive experience that empowers even non-technical users to participate in DeFi . Mizu’s infrastructure is tailored to support consumer-facing decentralized applications (dApps). By leveraging Movement’s lightweight yet robust architecture. This commitment to supporting consumer dApps solidifies Mizu as a foundational layer for next-generation unified DeFi.