Uniswap Labs launches Compact v1 system to address cross-chain liquidity fragmentation

ChainCatcher news, according to a blog released by Uniswap Labs, Uniswap Labs has launched "Compact v1," a non-ownership ERC-6909 contract designed to reduce liquidity fragmentation across blockchains by managing "resource locks."

The system allows for secure and reusable resource locks between cross-chain networks, providing developers with a shared framework to build customizable and composable systems. Compact v1 includes four core components: the allocator prevents double usage of resources, the arbitrator verifies whether commitment conditions are met, the court acts as the settlement engine for cross-chain exchanges, and the messenger provides backup verification for smart contract wallets. This system will be used to support cross-chain exchanges on UniswapX and has been adopted by the LI.FI and Rhinestone teams.

Uniswap stated that the main challenge faced by cross-chain applications is the asynchronicity of different execution environments, which prevents atomic transactions. Compact v1 has undergone multiple independent security audits, and a complete audit report is expected to be released soon, and it has been incorporated into the Uniswap bug bounty program.