Connecting TRON with Coral v2 by Squid - Crosschain Abstraction & Liquidity Onboarding

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Basic Information

Project Name: Connecting TRON with Coral v2
Project Track: Crosschain-Interop
Team Name: 15-20 team members, n1ck

Social Info

X (Twitter): https://twitter.com/squidrouter
Discord: squid
Website: https://app.squidrouter.com/

Project Overview

Project Goal: Our goal is to deploy Coral V2 on TRON, enabling next-generation, intent-based, cross-chain swaps. This will connect TRON’s deep liquidity to 100+ integrated ecosystems—including EVM and non-EVM chains like BTC, Solana, and XRP—while unlocking seamless liquidity access for users and protocols in the TRON ecosystem.

Unique Value Proposition: TRON is one of the most established blockchain ecosystems, with $6B+ in TVL, 3M+ daily active users, and the leading role in global USDT adoption.

Squid has successfully routed +5B in cross-chain liquidity for +850k users across 100+ chains. By integrating with Squid’s Coral V2, protocols and users on TRON will be able seamlessly onboard new liquidity, contributing to TRON’s stablecoin dominance, expanding liquidity inflows, and reinforcing TRON’s position as a leading chain.

Project Demo: https://app.squidrouter.com/

Expected Completion Date for 2025: Late December, 2025

Current Progress (%): ~10% (planning and architecture design completed, deployment starting soon)

Technical & Governance Details

Project Test Instructions: Testing Coral V2 will include:

  1. Coral infrastructure deployment on TRON
  2. Deployment of RFQ service for cross-chain intents on TRON
  3. Transaction indexing and price feeds
  4. Solver network integration

Technical Details: Coral V2 is Squid’s next-generation cross-chain router, supporting intent-based execution. The stack includes:

  • RFQ service coordinating intent fills
  • Transaction settlement and verification
  • Price feed aggregation and routing logic
  • DEX adapter for SunSwap
  • API endpoints and SDKs for developers to integrate Squid directly into their dApps

Smart Contract Links: Currently no contracts have been deployed on TRON

How is the Project Governed?: Currently Squid is governed by the Squid core team.

Funding & Business Model

Funding Request: Squid typically receives a grant when deploying Coral V2 on new chains to subsidize the cost of implementing the cutting-edge intent infrastructure. We are seeking similar support from TRON DAO.

Revenue Model: Squid has the ability to enable a fee on cross-chain swaps. Currently, fees are only taken when an integrator wants to enable fees on their Squid integration. When an integrator enables fees, these fees are split 50/50 with Squid.

Interested in TRON Having a Stake?: Yes, Squid is open to TRON DAO holding a strategic stake to align long-term incentives, especially given TRON’s central role in global stablecoin adoption.

Preferred Collaboration Method: Direct investment, technical support, and co-marketing to accelerate adoption of cross-chain liquidity into TRON.

Ecosystem Impact

Partnerships: Squid has a network of hundreds of integrators who use our widget, SDK, and API. This includes wallets like Metamask, aggregators like Rubic, and protocols like Valora. These integrations demonstrate Squid’s proven ability to scale across ecosystems and provide a strong foundation for onboarding new liquidity into TRON.

Time on TRON: Squid has not been deployed on TRON yet.

Project Milestones

Project Milestones:

  1. Deploy Coral V2 on TRON (6 weeks): Infrastructure deployment, RFQ service, transaction indexing, price feeds
  2. Onboard Coral Solvers (2 weeks): Enable solvers to receive and fulfill TRON cross-chain orders
  3. Integrate SunSwap DEX Liquidity (2 weeks): Build adapter for seamless any-to-any token swaps

Project in 5 Years: In five years, we envision Squid as the default cross-chain liquidity layer for TRON, powering billions in annual liquidity flows between TRON-based protocols and global users. By enabling seamless connectivity, Squid will help position TRON as a leading hub for stablecoin adoption, DeFi innovation, and chain abstracted settlement.

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Welcome to TBL, there seem to be no figures attached to your funding request.
Can you present a specific figure with breakdown of use of funds, thank you.

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Welcoming you to the tbl, please what about you’re team members you have not add them, thank you

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Hi @ines_valerie , currently I am representing Squid on the TBL forum. The other team builds, such as one of the co-founders, Fig, can be found on X(https://x.com/ecdsafu).

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Welcome to the TBL @n1ck cross chain swaps can be clunky and very expensive, the more seamless and cheap options the better :ok_hand:

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Thank you Simon, that’s good to hear!
Squid’s intent-swap product, Coral, can execute cross-chain swaps with sub 1-second execution time, typically we see an average of ~5 seconds. The gas associated with these cross-chain swaps is also the price of a simple transfer.

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Ok thank you for you’re response

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