Welcome to Module 1 Of Cross Chain Intent Framework CookBook. In this Module, we’ll be Understanding What is this Course about & How to Utilize it. Let’s Begin…
The Quest for Seamless Interoperability and User-Friendly Interfaces has led to Significant Innovations. One such Breakthrough is the Concept of “Adapters” within the Router cross-chain Intent Framework (CCIF), which Promises to Revolutionize how Users Interact with Decentralized Applications (dApps) across various Blockchain Networks.
Blockchain Ecosystems are notoriously Fragmented, with Different Chains Offering Unique Advantages and posing Compatibility Challenges. This Fragmentation can be a Significant Barrier for Users wanting to engage with Multiple Blockchains Simultaneously or Sequentially.
Each Blockchain requires a Unique Wallet with its own set of Private Keys and Mnemonic Phrases, complicating the Security and Management of Assets. The need to manually Monitor and Transfer Assets across these Fragmented Systems introduces Inefficiencies and Increases the Risk of Errors and Security Breaches.
Additionally, managing Remote Procedure Calls (RPCs) across various Networks exacerbates these Challenges, as Users often Contend with Unreliable Connections that hinders their Interaction with Blockchain Services.
The Traditional Wallet Models, initially Designed for single-chain use, are proving Inadequate in a multi-chain environment where no Single Blockchain Dominates. This Situation is further Complicated by the Need for frequent Switching between Wallets and the manual Execution of cross-chain Transfers, which Significantly Degrade the User Experience.
The Problems do not end here with Wallets or RPCs; Let’s Understand this with an example!
Suppose you Wish to Provide Liquidity and earn Yield to a Decentralized Exchange (DEX) like Velocore, which operates on the Linea Blockchain and features a Liquidity Pool pairing USDC with WBTC. However, your funds are in USDT on the Arbitrum Blockchain. In this Case, you would need to do the following steps -
Transfer USDT from Arbitrum to Linea.
Transfer ETH from Arbitrum to Linea (this will be needed to pay Gas on Linea).
Swap a Percentage of USDT to USDC on Linea Based on the Pool requirements.
Swap Remaining USDT to WBTC on Linea.
Supply USDC and WBTC to the WBTC-USDC Pool on Linea.
These are just too many Steps that would take too much time. Moreover, the User must also be aware of Relevant Avenues for ecurely Transferring and Swapping their Assets and go to each of them to do their Transactions. This is a Standard Case of a Batching Problem wherein we want to do a Set of Transactions — while Batching is relatively Straightforward to implement in the Case of Transactions within the Same Chain, it can get tricky in the Case of Transactions that Traverse across Multiple Chains.
Adapters allow Cascading of Transaction Logic on Top of a cross-chain Transaction. Using Adapters a cross-chain Secure Transaction is a given; the Developers must Build Logic on top of that.. and the Users? They Don’t have to Worry about a thing.
This is where the Concept of Adapters becomes Essential. Adapters are Designed to Streamline these cross-chain Processes by Serving as Intermediaries that can Interpret and fulfill user Commands across various Blockchain Protocols, eliminating Users needing to Manage the Technical Complexities themselves.
Using the example provided, the Router’s CCIF and its Adapters could Simplify DeFi Activities. With this Setup, you could Transfer any Token from any Blockchain and Contribute Liquidity in a Single, Straightforward step, Bypassing Multiple Approvals, Excessive Gas Fees, and the hassle of Dealing with numerous dApps.
Share your learnings on Twitter. Click here