[GF: Phase 0 Proposal] Connext

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.

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