I just claimed my first treasure chest for the @HookProtocol reward program.
Join me on Hook, the NFT-native options protocol.
0x71fa0438ee06df31bd3b495ad751ed50
Entries close June 30th, 2023 at 10am PST.
The winner will be selected at random and have 14 days to claim their 1B PEPE.
Each entry has an approx. 1 in 10,000 chance of winning.
Terms apply https://t.co/1pFJ4Bwx0V
Changes for Stakeholders
The Amarok upgrade enables a much better flow and featureset that solves the stakeholder problems we laid out earlier:
- Fire-and-Forget Flow
- 1-of-N-Routing
- Simpler Liquidity
- Cheaper & Faster Transactions
- Arbitrary Message Passing
A New Flow
The new flow intensely utilizes Nomad for its security. Instead of requiring signatures, the approach basically permits any router to front capital and executes calls for a user’s transaction, and claims against stores going through Nomad.
Welcome to #Amarok
Modular #Interoperability
The improvement breakthrough comes from the partnership with #Nomad. #Nomad is an idealistic bridge that gives us completely expressive, trust-minimized communication on any chain, but with the tradeoff of 30 minutes of latency.
Problems aimed to be solved
- Gas Costs
- Signing to Claim
- Fund Lockup Risk
- Liquidity Fragmentation
- Offchain Auction Dependencies
- No Generalized Messaging
- Unclear ROI
- Strict Liveness
- Gas Griefing
Motivation
The driving force for this update is to fix the following key problems that right now exist for the different stakeholders using the protocol.
@ConnextNetwork With the information gathered from clients, developers, and routers who interact with #Connext, the #Amarok upgrade - extensive changes with massive improvements to the protocol is introduced.
I should own this tweet @lensprotocol#digitalroots sig:0x4c98a4fad8907bc700dffc74f44c27c58e8fb4b09b54be2e896d50021130068572a8c41b212fc9428582f6b7789565b236024a3644de82f191a89057c2353f2a1c https://t.co/K7ZzmsnTVq
- Both the receiver-side and sender-side can unlock funds simultaneously
- Simple accessibility with Automated Market Makers and auctions.
- Having possibility of a fully-stateless router.
Advantages of the NXTP Model
- Only on-chain data is operated
- No chance for double collateralization, causing the ease of transaction service
- Data is always sync.
- No room for browser state data.
The NXTP model comprises of:
1) locking pattern - to prepare transactions and fulfill them
2) off-chain routers - to pass data between chains
3) SDK - to prompt on-chain transactions
#Connext is an Ethereum based interoperable platform that connects Ethereum Virtual Machine (EVM) compatible chains and #layer2 solutions. #Connext accomplishes its function without the utilize of external validators.