ZokMatic
Leveraging zk-snarks for quicker and safer exit from Plasma.
Created on 28th June 2020
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ZokMatic
Leveraging zk-snarks for quicker and safer exit from Plasma.
The problem ZokMatic solves
The challenge period for withdrawal of funds from Plasma sidechain is inevitable for security reasons, but causes inconvenience to the users. Currently a user has to wait for 7 days before she can access her assets on the main chain. This causes poor user experience, and hinders the liquidity in the market. ZokMatic was built to enable faster, easier and safer exit from the Plasma chain by offering an option to leverage the NFTs minted at exit to secure loans at minimal fees. Zero knowledge proofs allow the user to prove the validity of the token to the lender, while obfuscating his/her private details. This helps in redefining the platform with enhanced usability and privacy preservation at the same time.
Challenges I ran into
Integrating with Zokrates to generate proof for token metadata was challenging.
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