Kanals.eth 🦕

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Kanals.eth 🦕

Kanals.eth 🦕

@geisel_kanas

Social media | Crypto & NFT influencer 📨DM for promo $BSC | $ETH | $SOL | $BNB | $CRO | #NFT #Metaverse | Building the future of blockchain

Katılım Haziran 2023
50 Takip Edilen196 Takipçiler
Kanals.eth 🦕 retweetledi
cygaar
cygaar@0xCygaar·
- Depositing ETH into a rollup just involves depositing into the L1 bridge contract - Withdrawing ETH depends on the type of rollup (op vs zk) - Optimistic rollups involve fraud proofs to challenge withdrawals - ZK rollups use math/cryptography to prove withdrawals are valid
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Kanals.eth 🦕 retweetledi
cygaar
cygaar@0xCygaar·
So how does the bridge prevent a bad actor from submitting a withdrawal for an amount they don't actually have? That's where we have two types of rollups: - Optimistic rollups - Zero-knowledge rollups These 2 rollup types differ on how withdrawals are handled.
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Kanals.eth 🦕 retweetledi
cygaar
cygaar@0xCygaar·
That's all there is to it - the contract is non upgradeable so the only thing @friendtech can update in the future are the protocol/subject fees and the protocol fee destination. I'll be using friendtech to share more raw/opinionated thoughts on various crypto topics.
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cygaar
cygaar@0xCygaar·
Other interesting facts: - There is currently $5.6M worth of ETH deposited into the app - The protocol fee is 5% - The subject fee is 5% - Subjects have made $1.3M in aggregate off trading fees - The protocol has also made $1.3M off trading fees
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Kanals.eth 🦕 retweetledi
cygaar
cygaar@0xCygaar·
A simple explanation of how @friendtech share pricing works (and other fun facts about friend tech's contract) 🧵:
cygaar tweet media
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