Catalyst is the permissionless liquidity layer for the modular future. Said differently, Catalyst is a decentralized protocol that serves as a permissionless liquidity layer for the modular future of blockchain. It enables seamless liquidity connections and asset swaps between different blockchains, such as Ethereum, Cosmos, and other emerging chains. The goal of Catalyst is to create an interconnected ecosystem where users can effortlessly access assets and applications across multiple chains, and developers can easily launch new blockchains and connect them to existing networks and their respective users.