The year is 2025… and almost all TVL is held on Rollups. The government takes an autocratic turn and sees an opening against the still centralized sequencers of Ethereum’s layer 2s. Anyone not KYC’d can’t get their transactions into the blocks. Now that the L2’s front end has been taken down, the only way to get back to the safety of main-net Ethereum is… the Escape Hatch!
Meanwhile, in the present…
L2s/Rollups provide a great scaling solution. They promise that the users retain control of their funds and inherit the full security of Ethereum. However, the complexity and the technical knowledge needed leaves many users without the ability to do so.
Escape Hatch provides a simple, decentralized, IPFS hosted front-end interface that anyone can use to rescue their funds in case of censorship. Rollups are at their core contracts on L1 which hold the state of the separately running blockchain. Escape Hatch utilizes the built-in rollup smart contract functions to ‘force exit’.
The user needs to only connect their wallet on main-net Ethereum, choose their L2, and select which positions they want to exit. Escape Hatch then sends a transaction on L1, which the L2 sequencer must fill within a set time period (usually 7 days) and release the funds. If the transaction is not included in time, the L2 becomes ‘frozen’ and is unable to update state changes on L1. In such case, the user can then provide proof of token ownership to the L1 contract and release their funds.
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