Across Protocol and Uniswap Collaborate on Cross-Chain Intents Standard
Across Protocol and Uniswap Collaborate on Cross-Chain Intents Standard
🔥 Groundbreaking Collaboration, Limitless Possibilities
Across Protocol and Uniswap have joined forces to pioneer a new standard for cross-chain intents. The proposed standard aims to create a unified framework that enhances interoperability among intents-based systems across various blockchain networks. It will allow different systems using intents to interoperate through a shared filler network, reducing entry barriers for fillers, lowering operational costs, and providing applications access to a broader network. The key innovation is a universal specification that guides how applications handle users' cross-chain requests, streamlining processes and improving the user experience. The standard involves the 'CrossChainOrder' and 'CrossChainSettler' components. By adopting this standard, dApps can ensure that all cross-chain actions are consistent and efficient, reducing risks associated with isolated or proprietary networks. Across and Uniswap Labs have opened the proposal for community feedback and are seeking to discuss it further with the CAKE Working Group. The goal is for this standard to become a cornerstone of interoperability in DeFi.
1/ Last week, @AcrossProtocol and @Uniswap joined forces to pioneer a new standard for cross-chain intents. Their aim is to create a unified framework that enhances interoperability among intents-based systems across various blockchain networks. 🧵 x.com/AcrossProtocol…
Intents are the key to interoperability. But just like tokens, crosschain intents need a standard. Now @AcrossProtocol and @Uniswap have teamed up to develop the first-ever standard for crosschain intents.
UMA Protocol Implements Two Major Upgrades: UMIP-185 and UMIP-186
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