RFC - Uniswap V3 Deployment to Fantom

Temperature Check
5

  1. Prior to a defined cross-chain deployment process being finalized, we think it’s beneficial to use different providers for different deployments for now to gauge each provider’s efficiency and efficacy. Axelar is a leading interoperability spanning across 39 chains and the Fantom ecosystem, where its cross-chain swaps have been integrated by leading DEXes like Spookyswap. Fantom users use Axelar to bridge and onboard from other EVM and Cosmos chains.

  2. Axelar network is a neutral and ecosystem agnostic - decentralized cross-chain messaging layer. Its technology is built on Cosmos SDK and it’s often associated with Cosmos given it powers most of its on/off liquidity between EVM chains and Cosmos chains. Axelar’s general message passing and asset transfers support 39 chains, EVM chains, and Cosmos chains. Axelar’s usage in EVM ecosystems is growing rapidly as seen by the number of messages here.

  3. There are few alternatives, however, we believe Axelar is best suited for the Fantom deployment given its proven technology, track record, and distribution to all other chains. As mentioned in the post, we wouldn’t be opposed to a change in the cross-chain process in the future if the community deems it so.

  4. Axelar already has customizable messaging logic, modular building blocks like developer SDKs and example contracts. Axelar recently introduced a virtual machine layer for customizing connections, security, and speed where developers can build connections using light-clients, zero-knowledge or other technologies that are available. (More here)

  5. This Uniswap deployment does not use axlUSDC. axlUSDC is a wrapped representation of USDC, enabling users to transact the stablecoin across various blockchain networks. Users can access axlUSDC through DEX liquidity pools, cross-chain liquidity routers such as Squid, or via Satellite, a cross-chain bridge built by Axelar. The platform enables composable USDC using its General Message Passing (GMP) capability in collaboration with Circle’s Cross-Chain Transfer Protocol (CCTP). Axelar’s technical security risk appears to be well-managed, with comprehensive measures to ensure user funds’ safety. You can read more about axlUSDC risk assessment here.

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