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Connext
Connext is the organization behind Everclear, a cross-chain clearing and settlement protocol designed to address liquidity fragmentation across different blockchains and digital assets.
Distributed
Employees: 20
Description
Connext is a modular protocol for securely passing funds and data between chains. Developers can use Connext to build crosschain apps (xApps) - applications that interact with multiple domains (blockchains and/or rollups) simultaneously. Connext is built with three core design principles: modularity, security, and simplicity. Its modular hub-and-spoke architecture derives security from Ethereum L1 and plugs into canonical messaging bridges. For security, it utilizes automated offchain actors called Watchers that halt message passing if fraud is observed. To maintain simplicity, it implements a single primitive, xcall, which allows developers to asynchronously interact with contracts on other chains. Use cases include crosschain DAO governance, token and NFT bridging, DEX liquidity aggregation, and crosschain lending.Grant Funding
VC Funding
OP
2018
2021
2023
$300K
$23M