About

Composable Finance is a blockchain-based foundation focused on developing interoperable infrastructure for decentralized finance (DeFi). It supports Picasso Network and Composable Network, enabling cross-chain communication and integration. Picasso Network extends Inter-Blockchain Communication (IBC) from Cosmos to Polkadot, Kusama, and soon Ethereum and Solana, with additional security through a restaking hub.

History

Composable Finance is the product of the Germany-based blockchain incubator Advanced Blockchain AG. It provided both technical & intellectual property support to Composable. Cosmin Grigore was the lead developer on the project whilst in incubation and subsequently has become the CEO after its independent launch. Advanced Blockchain has a stake in Composable Finance.

Composable consists of two tokens, Picasso Network for Kusama & Layer for both Ethereum & Polkadot blockchains.

To create an inter-operable De-Fi environment Composable is tackling EVM (Ethereum Virtual Machine) and non-EVM blockchains separately before connecting these. EVM is tackled a through L2 solution while a parachain will be used to connect remaining blockchains.