Hart Lambur (⛺️,⛺️) Profile picture
May 6 9 tweets 2 min read Read on X
Just shipped the Across Prime paper, a new design for a capital efficient trustless fast bridge authored with @danrobinson, @mrice32, and the @AcrossProtocol team.

Across Prime aims to deliver the near instant speed of intent based bridges but with greater capital efficiency. 🧵 Image
One key question in designing intent-based bridges is how to solve the problem of fair exchange. What prevents the relayer from taking the user’s payment without filling their intent?

There are three mechanisms for this:
Trusted relayers: the user puts full trust in the relayer. They send the relayer funds on the origin chain and trust the relayer to fill on destination.

Pros: simplicity
Cons: big trust assumption
Escrowed relayers: user funds are locked in escrow and released only after the protocol "verifies" that the relayer filled the intent. This is the model @AcrossProtocol uses today.

Pros: trustless; relayers can compete on price/speed
Cons: relayer capital is locked for ~1hr
Across Prime introduces the Bonded relayers model: user funds are guaranteed by a relayer bond, with the bond determining the maximum amount that the relayer can have “in flight” at any given time.

Pros: trustless; capital efficient
Cons: user must observe destination chain
For common sized transactions, we think the Across Prime design can be orders of magnitude more capital efficient. The paper describes an example with a 900x improvement in capital efficiency: Image
More capital efficiency means cheaper intents and greater scalability. The same amount of relayer capital can support (much) higher volumes on many more chains.

This helps us get ~intents everywhere~ @rudolf6_
Across Prime is intended to be a clean articulation of a relative simple idea. It's a research project that builds on Across + the ERC7683 standard for crosschain intents.

Big thanks to @danrobinson and the @paradigm team, who again demonstrated their commitment to pushing Ethereum forward with more than just check writing.
Full paper here. Feedback is welcome. paradigm.xyz/2025/05/across…

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More from @hal2001

Jul 11, 2019
1/ Today @UMAprotocol is publishing our design for a Data Verification Mechanism (DVM), a blockchain oracle with **economic guarantees** around the cost of corrupting the system.

We're ALSO releasing our v1 code + deploying it to Kovan!

Read on for why this is needed...
2/ Code is here: github.com/UMAprotocol/pr…
White paper is here: github.com/UMAprotocol/wh…
Kovan deployment is here: kovan.etherscan.io/address/0x16aB…
3/ Here’s our bold claim: **every** blockchain oracle is corruptible, which means any smart contract relying on off-chain data is corruptible and manipulatable **for some price**. This means that your DeFi smart contract could be at risk.
Read 12 tweets
Dec 6, 2018
1/ How @UMAprotocol enables "Trustless Tokenization", aka how to create an ERC20 token for synthetic crypto or *real-world* asset exposure in ETF-like format. Mechanics below for creation, re-margining, and redemption (or default):
2a/ Context: Investor wants gold exposure with notional N and is willing to pay a fee F for this service. Provider is responsible for passing the total return of gold to Investor through the smart contract and earns fee F for doing so.
2b/ Context cont'd: Investor and Provider back their promise with margin. Provider uses digital asset M as collateral, which must be above margin requirement MR at all times. A default penalty DP is assessed if Provider fails to maintain M > MR at all times (aka they default).
Read 8 tweets
Aug 15, 2018
1/ Important paper published by my friend Prof Tonetti (@ChrisTonetti) and his colleague Prof Jones @StanfordGSB. They have rigorously studied the "economics of data" to show that there are large social gains from letting users own and sell their own data. Some key takeaways:
2/ Jones and Tonetti show that data can be considered a "non-rival" good. Just like ideas, data is not depleted through use. This is in stark contrast to most goods in the economy which are "rival" and can only be used by one person or firm at a time.
3/ Currently, most data is treated like it is a rival good—it is owned by the firm that produces it and is *not* shared. This is functionally equivalent to a firm being given a lifetime patent on an idea and disallowing other firms to use that idea. This is far from optimal.
Read 11 tweets

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