Multilane
Multilane makes assets interoperable without tradtional bridging.
Created on 10th December 2023
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Multilane
Multilane makes assets interoperable without tradtional bridging.
The problem Multilane solves
Problem Statement
Right now tokens on 1 chain can’t be used on another directly. If someone want’s to use their tokens on the other chain they have to bridge the tokens first and only then they can use it. Although this solution works there are couple of problem in doing this
Problems:
- Bridging assets takes time
- Fees are charged by the bridges every time you bridge
- Your funds are fragmented across different chains
Solution
User deposits their funds on 1 chain and after depositing this funds he can use this funds on any chain without bridging becuase we would be sponsoring users transaction (both ERC20 and native token). Nodes/multilane is sponsoring the transaction becuase we know the user has deposited one funds on one chain and he can pay for this tx in future.
Deposit
When user deposit their funds on a chain then there are two ways to withdraw
- Asking multilane node for withdraw requiest.
- Trustless withdraw: Different blockchain communicate with each other via brige and prove that your withdrawl is legit and you can withdraw without anyone's approval
Defaulters
- If user doesn't pay then same like trustless withdraw there will be trustless pay. Here chains communicate with eachother via bridge and prove that user's has outstanding bill pending hence reducing the bill from their balance
Challenges we ran into
- Figuring out the whole flow, making it secure
- Making the chrome extension to modify the RPC calls
Tracks Applied (3)
Arbitrum Track
Arbitrum
Base Track
Base
Alliance Track
Alliance
Technologies used