The Problem
Ever-growing list of bridges, chains, and gas tokens has complicated the user experience of web3.
Benefits
Our secure Chain Abstraction platform is a key innovation aimed at removing this complexity by abstracting chains from end-users.
Features
Arcana brings the simplest and most secure and decentralized infrastructure that will remove any point of friction in Web3 transactions. The future of Web3 UX is a multichain universe that feels like there are no chains.
Technical Architecture
Among Chain Abstraction projects, the Arcana Modular L1 architecture allows for superior scalability and throughput, with liquidity redundancy built in to scale automatically as demand grows.
Arcana network
This is a network of decentralized nodes that are capable of the following:
State Machine
Tracking and maintaining state of each user account.
Tracks current balances, spends and unrealised collections.
Helps present the current unified balance of the user account across chains.
DKG
A real multi-dealer, Distributed Key Generation scheme.
Multiple nodes participate in the creation and storage of key shards enabling decentralisation and eliminating central points of failure.
MPC-TSS
A Multi-party computing scheme capable of performing threshold signatures.
Threshold signatures are conditional, based on verification checks like “does the user have necessary (balance - unrealised collections) to perform a spend operation”.
Netting
Tracking all user spends, collections and liquidity positions in vaults allows the network to net the spends across various chains and issue netted rebalancing instructions to LPs/Solvers.
Arcana vault
Smart contracts deployed on individual chains that:
Hold liquidity of tokens supported by the Arcana Network and the gas token of the specific chain.
Supplies the liquidity to the client in need based on instructions from the Arcana network of nodes.
Sweep funds from user based on instructions from the Arcana network of nodes.
Verifies the instruction signature in order to ensure that spending request has indeed come from the user.
solvers
A Network of 3rd party liquidity providers that compete on fees to fulfil liquidity requirements of different assets across different vaults on each chain.
Clients
Wallets, Apps and other interfaces where user intents originate.
