Catalyst is cross-chain liquidity built from the ground-up for the future of millions of modular chains. Catalyst allows any chain’s liquidity to permissionlessly connect to that of another chain. As a result, new app-specific chains can automatically move transfer to and from any other chain from Day 1. Catalyst works by being lightweight and extensible enough to live on any chain—irrespective of virtual machine, consensus mechanism, etc. Catalyst uses a concept called unit of liquidity to allow for universal comprehension between any Catalyst smart contract on any chain. As a result, any chain that integrates Catalyst can automatically move value to/from any other Catalyst-enabled chain.