16 days ago
Gelato Partners with Connext to Bring Modular Interoperability to L2s chains
Gelato's Rollup as a Service allows developers to deploy tailor-made L2 chains effortlessly with just one click, complete with native Account Abstraction and the integrated Gelato middleware. Gelato RaaS has formed a partnership with Connext. This collaboration ensures the embedding of secure, modular Interoperability, facilitating seamless and open inter-chain connectivity to any L2.
Need for Permissionless Interoperability
The increasing shift towards scalable blockchain solutions has highlighted the significance of modular blockchains. These blockchains separate monolithic blockchain functions such as execution, settlement, consensus, and data availability across different layers. This separation is leading to lighter operational burdens, enhanced scalability, and paving the way for the creation of potentially hundreds or thousands of new chains.
The rise in new chains because of modular blockchains presents the challenge of potential fragmentation and liquidity. As more chains emerge, ensuring they work harmoniously becomes critical. This emphasizes the need for open Interoperability.
Connext-as-a Modular Interoperability solution
Building on this idea, Connext steps in with its modular bridge design. Connext's modular bridge design decomposes bridge functionalities, allowing for tailored cross-chain communication paths. This approach ensures maximum security by leveraging both the most secure path and an optimistic verification layer. Through its modular design, Connext can adapt to various cross-chain communication needs, ensuring transactions remain secure and trust-minimized, irrespective of the chains involved.
xERC20: An Open Crosschain Token Standard
xERC20 (ERC-7281) tokens are a cross-chain iteration of ERC-20, ensuring seamless transfers across chains without slippage or security compromises. Designed as an open standard, xERC20 addresses token issuers' challenges without tying them to a specific bridge or ecosystem. xERC20 tokens provide: Cross-chain Fungibility: Users will always receive the same official version of your token, regardless of the bridge used. Granular Security: xERC20s allow the token issuer to choose which bridges they work with and customize their trust levels for each bridge over time through built-in whitelisting and rate limiting. Sovereignty: Maintain control of your token contracts on all chains, avoiding unnecessary vendor lock-in or reliance on third-party bridges or providers.
Gelato and Connext
Through the collaboration between Gelato RaaS and Connext, all L2 chains deployed on Gelato RaaS leverage Connext's Modular Interoperability, ensuring secure and seamless cross-chain communication across various L2s.
This partnership underscores a commitment to enhancing blockchain scalability and interconnectivity. Integrating Connext's advanced bridging solutions with Gelato RaaS's platform offers developers unprecedented flexibility and trust in cross-chain operations.
To learn more about Connext, check out their docs!
Gelato is a Web3 Cloud Platform empowering developers to create automated, gasless, and off-chain-aware Layer 2 chains and smart contracts. Over 400 web3 projects rely on Gelato for years to facilitate millions of transactions in DeFi, NFTs, and gaming.
Gelato RaaS: Deploy your own tailor-made ZK or OP L2 chains in a single click with native Account Abstraction and all Gelato middleware baked in.
VRF: Gelato VRF provides fast, on-chain verifiable randomness for blockchain applications.
Functions: Serverless, event-driven functions to automate blockchain transactions.
Relay: Give your users access to reliable, robust, and scalable gasless transactions via a simple-to-use API.
Account Abstraction SDK: Gelato has partnered with Safe, to build a fully-fledged Account Abstraction SDK, combining Gelato's industry's best gasless transaction capabilities, with the industry's most secure smart contract wallet.
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