@_nonlinear They’re a DEX aggregator like kyber, anecdotally their rates have been competitive with other aggregators I’ve seen: so would be nice to use within spandex.
Native BTC<>ERC20 trading is now live on @base
Minuscule gas fees. Great rates for users.
Excited to bring Bitcoin liquidity to the Base ecosystem 🚀
Trustless trading of native Bitcoin for other crypto assets has been a holy grail of protocol design going back to Satoshi
Have loved jamming with Rift as they invented a solution for it and brought it to mainnet
Excited to be backing them!
Rift runs Bitcoin and Ethereum nodes inside cloud TEEs to escrow and release funds upon user receipt of funds.
Since security is enforced by hardware rather than staking, Rift has best in class capital efficiency for Market Makers and users.
Let's deep dive how swaps work ⬇️
@real_philogy@recmo As to why use a TEE in the cloud at all: The TEE host OS is by design unable to peer into an enclave. So in cases where you only want to rely on operators for uptime and ensure they’re unable to introspect the application - cloud TEEs make sense.
really impressed by @profiit and the rift team
from our residency to paradigm raise to shipping real products in just 12 months
they're the perfect example of why we built succinct
give builders proofs and watch them build the impossible