About Connext Network Defi
Connext Network Defi is a crosschain liquidity network that powers fast, fully noncustodial swaps between evm-compatible chains and Ethereum L2 systems. Ethereum is going multichain. With the growing adoption of evm-compatible chains and L2s, a new challenge has emerged around liquidity fragmentation within the ecosystem.
Connext solves this problem by connecting discrete liquidity pools on each chain into a global network, without introducing new, significant trust considerations for users. Developers can leverage this liquidity to build a new class of natively chain-agnostic dApps on Connext.
Quick Fact About Connext Network Defi
| Coin Basic | Information |
|---|---|
| DEFI Coin Name | Connext Network Defi |
| Short Name | Connext |
| Chain | Binance Smart Chain |
| Contract Address | N/A |
| Source | Click Here To View Source |
| Explorers | Click Here To Visit |
| Twitter Group | Click Here To Visit Twitter Group |
| Documentation | Click Here To View |
| Project Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
The Interoperability Protocol of L2 Ethereum.
Connext is the leading protocol for fast, fully noncustodial transfers and contract calls between EVM-compatible systems.
No More Liquidity Fragmentation
At its core, Connext Network Defi is a network of liquidity pools on different chains. Users swap value between these pools, similar to AMM DEXes like Uniswap. Connext routers act as the backbone of the network, providing liquidity for user swaps and earning fees in return.
Building On Connext
Developers can use Connext to enable seamless crosschain experiences as part of their dApp. Some example usecases and flows possible with Connext include:
- Fast entry and exits between Ethereum and L2 systems.
- L2-L2 swaps, bypassing Ethereum entirely.
- Arbitraging between defi applications on different chains.
- Building a crosschain DEX aggregator.
- More general crosschain smart contract calls.
For browser applications, the fastest way to get started with Connext is to use our Widget. The Widget is a drop-in frontend component that abstracts the entire e2e crosschain swap flow into a single UI. For a more in-depth integration into backend or frontend environments, check out our Node documentation.
No More Liquidity Fragmentation.
At its core, Connext Network Defi is a network of liquidity pools on different chains. Users swap value between these pools, similar to AMM DEXes like Uniswap. Connext routers act as the backbone of the network, providing liquidity for user swaps and earning fees in return.
A Toolkit for Crosschain Money Legos.
Developers can build on top of Connext to create seamless crosschain experiences. Drop-in our Widget to enable simple crosschain swaps in as little as five minutes. Alternatively, integrate with our lower-level API for more powerful features like crosschain contract calls!
The Interoperability Protocol of L2 Ethereum.
Connext Network Defi is the leading protocol for fast, fully noncustodial transfers and contract calls between EVM-compatible systems.
Responsibilities
Router consumes the server-node REST interface to do the following:
- Listen to incoming events from the node for inbound transfers.
- Parse the transfer metadata to find routing information (recipient, chainId, assetId, requireOnline, etc.).
- Look up the recipient’s channel using the above info.
- Check that the recipient’s channel has enough collateral. If not, send a deposit to collateralize the channel and wait for it to be completed.
- As part of resolving transfers, the router will also reclaim collateral from channels.
- Dispatch the transfer. If the transfer fails and the transfer requires that the recipient is online, then hard error and cancel the sender side transfer too. Else, store the transfer and wait for the recipient to come back online.
- When a recipient comes online, the node emits an isAlive event for that channel. Router will consume isAlive events and complete all pending transfers to the recipient.
Join the Connext Community!
We’re an open source, community-driven project from the ground up. If you have any questions, comments, or feedback, come say hello in the chat.
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