[GF: Phase 0 Proposal] Connext

[frankrx15]

Nice project, nice proposol

[Tung6913]

Agree with the proposal. Connext is a great Cross-Chain protocol with the strong security

[Coolnimbus]

Just hearing about this… feels good ngl

[Bobbay_StableLab]

@maxlomu

onnext already allows new users to avoid having to interact with the Ethereum mainnet and onboard directly to Optimism from centralized exchanges (thanks to our partnership with LayerSwap) or other gateway chains like the Binance Smart Chain.

A great way to avoid a somewhat annoying issue for users.

@maxlomu

Sponsor Vaults: these subsidize gas fees for transfers to Optimism, making them cheap for users and protocols. 50,000 OP

I can see that you mentioned in a comment that they receive the OP token instantly. How much do they are they refunded from the gas cost? 80%,100%?

[xmmms]

Connext is one of the best cross-chain protocols, and I agree with this proposal.

[Eklypse]

Connext is a reliable bridge until now. I agree

[shen]

Connext is a huge Bridge dapp. and It works well for Optimism network also!

[Azippy1]

Great and good beginning of good things

[LAVEP]

Voted For … Stay Optimistic … exciting

[Hereiam4]

I approve this proposal, $NEXT & $OP seem to be set up to work in conjunction with each other. Really any proposal with a token wanting OP should be doing that

[Playdao2]

@maxlomu

Sponsor Vaults

Am liking these ‘Sponsor vaults’, overall seems like good proposal to me…

[witsarutp]

@maxlomu

Defillama TVL (at snapshot on Optimism): $9.8M

Transactons/day (at snapshot): 92

Good number of TVL & transactions

[peterwang]

Looks like an interesting deal, talk the talk, let’s see what you can do better

[donstocks]

looks like a good proposal

[lavande]

Hi @maxlomu! It’s been several months since your OP grant was distributed, checking in to see if you have a grant update you can share with the community?

[maxlomu]

Hi @lavande thanks for following up.

Since the original proposal, we had some delays in the product development of our Amarok upgrade - which is now complete!

• We have decoupled from Nomad, and instead upgraded to a fully modular architecture to achieve the maximum possible security on crosschain communication: Connext AMB Update.
  TL;DR: Connext now leverages native connections with Ethereum (ex: the native bridge Optimism-Ethereum) to move tokens and data across chains. This guarantees that no additional trust assumptions are added on top of the connected chains, drastically increasing the security of the whole infrastructure. Our liquidity layer has not changed, so our plan with the AMM outlined in the first post remains valid.

• We are now soft launching the Connext upgrade. This week some liquidity has been added for test transactions, and we’ll proceed next week with a liquidity bootstrapping phase: Road to public launch

• When everything is operational, we will begin implementing our proposal above.

• We are seeking further alignment with the Optimism Collective, and wrote a proposal for delegation: Protocol Delegation Self-Nominations - #14 by maxlomu

Hope this helps clarify the status.
I’ll post an update here as soon as we start the liquidity program with $OP.

[Simon]

good proposal thanks. It’s not so long now

[Floyd11]

I am thrilled to see Connext and Optimism working together. In my experience, Optimism is the best L2 project I have ever used, and I have been actively participating in its governance. Similarly, Connext is the best bridge I have used and I currently contribute to its development. I fully understand the potential benefits of their collaboration and am eagerly looking forward to it. I am also willing to do my part in promoting the growth of both projects.