Polymer is excited to announce we are partnering with OneBalance - a leading chain abstraction infrastructure provider - to accelerate their vision of a chain-free web3.
Upon integration, Polymer’s Prove API will provide seamless cross-rollup execution proofs for One Balance-enabled applications, paving the way for a rollup-abstracted Ethereum.
One Balance. All Chains
OneBalance offers developers a framework for building chain abstracted applications. Under the hood, OneBalance is powered by a resource locked intent + solver network. When a user initiates a cross-chain transaction, they lock funds into a Resource Lock (to prevent double spending) while solvers compete to provide liquidity for the user on the destination chain. After a successful fill, solvers submit a cross-chain proof of fulfillment to claim the user’s escrowed funds.
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This framework removes the complexity of managing tokens on different chains for users. Instead, they can execute lightning fast cross-chain transactions using an aggregated balance of multiple tokens on any chain.
Chain Abstraction API Meets Prove API
The Polymer Protocol is a Proving Engine. It generates proofs of on-chain activity from rollups and shares the proofs between rollups natively. Instead of passing and verifying messages, applications can simply use Polymer’s Prove API to verify any on-chain event with a proof– all in real-time, and in the most efficient and trust-minimized way possible.
From end-to-end, Polymer enhances OneBalance’s chain abstraction infrastructure in three core areas:
One Proof. One Balance: Polymer can settle multi-chain order fills with a single proof for a fraction of the cost. For example, if a solver fills an order for a user with tokens locked across five rollups, they can settle claims on all five source rollups with just one proof, instead of sending 5x messages to each rollup.
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Split Second Settlement: OneBalance solvers enjoy real-time latency when verifying, submitting, and settling multi-rollup claims. Escrowed liquidity is reimbursed to solvers in seconds.
Solver Liquidity Flywheel: Expedited settlement increases money velocity for solvers. This attracts more liquidity into the ecosystem resulting in better fills for end users.
In addition to ultra-fast transactions and solver fills, applications built with OneBalance will also inherit Polymer’s innate compatibility with all EVM tokens and rollup frameworks.
A real-time, rollup abstracted Ethereum is now possible with just two APIs.
Build with Polymer
Polymer is proud to support teams pushing the boundaries of cross-chain UX. With hundreds of rollups on the way, we look forward to closely collaborating with OneBalance to enable seamless UX for Ethereum users and applications.
Learn more about OneBalance here ⏩ : https://docs.onebalance.io/
For more information about Polymer:
Polymer’s Resource Lock Framework: docs.polymerlabs.org/docs/build/examples/7683thecompact/
State sync example: docs.polymerlabs.org/docs/build/examples/multi-rollup_apps
Developer Docs: docs.polymerlabs.org
