xERC20 - Connext Network

Problem

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ERC20: A single chain design

Token issuers today face a number of problems when attempting to take their tokens across chains:

Liquidity: Token issuers must continuously incentivize liquidity for each new bridge/chain AND require all end users to take slippage when transferring.
Fungibility: Each time new bridges transfer a token, they each deploy their own version of the token, fragmenting liquidity and creating a broken user experience.
Sovereignty: Whenever a bridge mints their version of a token, the token issuer loses control over the token contract on that chain.
Lock In: Other proposed solutions to this problem require you to lock yourself into a single bridge and its security model forever.

Learn more at xerc20.io

XERC20 TOKENS

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xERC20: An open
crosschain token standard

xERC20 proposes an open token standard that solves the problems token issuers face today without locking them into a single bridge or ecosystem.

Fungibility

Allow any number of bridges to mint and burn the same token across chains. Users will always get the same asset, regardless of the bridge they use.

Granular Security

Flexibly choose the bridges you trust over time, and dial in your exact exposure to each bridge based on your risk tolerance.

Sovereignty

Retain full control over your token contracts on every chain, rather than giving up control to bridges or third-party providers.

Explore The Docs

Why Connext?

Connext offers a trust-minimized approach that allows token issuers to reap the benefits of this new design and seamlessly upgrade once the xERC20 standard goes live.

Instant

Connext's router liquidity network allows users to bridge tokens in minutes without compromising on security. Our routers take on the latency of the most secure bridges available, so you don't have to.

Secure

We delegate transfers to canonical bridges to give users the same trust guarantees of the underlying chains. On top of this, our system of watchers monitors activity and will pause the network if they detect any problems.

Open

Connext is a public good that’s being built by an open community of developers, comprised of some of the leading minds in the space. Our goal has always been to build a more usable and accessible web3.

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