what's Carina?

Carina is a decentralized execution layer protocol built on the Sei Network, designed to optimize trade execution through an intent-based solver network. It aggregates liquidity from various sources, including automated orderbook-like providers, to deliver deeper routing and competitive pricing for traders without traditional AMM limitations. The protocol enables seamless integrations with DeFi liquidity venues, enhancing capital efficiency and user experience on high-performance chains like Sei. Community engagement features, such as badges and reboosts, drive growth and participation in its ecosystem.

Carina integrated USDY (tokenized U.S. Treasuries) from Ondo Finance into its protocol.