Next, a Ethereum’s Level 2 Interoperability Protocoltoday announced a new partnership with Nomad, a header-less interoperability protocol to accelerate the adoption of trustless, fully universal cross-chain communications.
This partnership enables the world’s first modular interoperability stack, providing users with a fast, inexpensive and trust-minimized way to bridge assets between chains.
Nomad is Optical protocol shortage”choosemimeticism A generationCross-chain Ccommunicate. “It is a new design for cheap, fully general-purpose cross-chain communication that can be easily deployed to any chain or L2 that supports user-defined computation.
as part of its agreement. Nomad adopts an optimistic model. Messages going through Nomad have a 35-60 minute delay, during which fraud can be proven if the message relayer is dishonest.
In particular, Nomad is an ideal protocol for more general cross-chain operations, which are typically performed by DAOs or other organizations rather than end users. For example, Nomad allows to migrate USDC from Ethereum L1 to other chains with lower trust assumptions than other bridges.
Some of the inherent problems in building a cross-chain communication system include:
- Trust Minimization: Do not involve trusted third parties.
- Scalable: Can be deployed to new rollups/chains quickly and easily.
- Generalization: Supports sending arbitrary data across chains.
“Similar to the scalability trilemma, the Connext team proposes that this trilemma can be solved through a modular architecture, where different communication protocols are layered on top of each other. Our collaboration with Nomad is the first instance of a theory of modular interoperability !”
– Connext team
Connect + Nomad
Connext’s protocol enables trustless sending of value and invocation of contracts across blockchains and L2. Unlike Nomad, however, Connext does not allow fully general communication, but it does have much lower latency.
Additionally, Connext does not mint tokens on the target chain – instead, it relies on liquidity minted by other bridge systems like Nomad, absorbing their trust/risk assumptions.
The synergy between Connext and Nomad runs deep. By using madTokens (as opposed to assets created by Multichain, Celer or other trusted systems), Connext significantly reduces the trust/risk requirements for users on any given chain.
At the same time, Connext provides a way for Nomad users to have “fast liquidity” on a given chain, leveraging Connext’s low-latency liquidity pools, allowing end users to complete transfers in minutes instead of more than 30 minutes of delay .
Already live on Moonbeam
user through nomadic app Will be dynamically routed to Connext or Nomad based on available liquidity and the size of user transfers.
Additionally, Connext reports that whales and institutions will require longer 35m Nomad bridging times, while end users will quickly try Moonlight App Will be routed through Connext. As Connext liquidity grows, the use of Nomad can shift towards institutional capital and rebalance the Connext liquidity pool.
“The Connext ecosystem is already working on integrating Nomad into interfaces such as x pollination. We also plan to vigorously advocate and support the development of Nomad as it rolls out to other chains and L2. In the long term, we aim to work closely with the Nomad team on shared off-chain infrastructure and combined on-chain interfaces for developers. This means that within a single integration, applications can take advantage of fast, limited Connext-style or slower, general Nomad-style communication, depending on the project’s specific environmental needs. “
– Connext team