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Abstracted USDC

Introducing our P2P Cross-Chain Transfer Solution! Effortlessly send crypto across different chains. Just connect a wallet and select a network, the transfer can be done in 3 steps without any limitation. Seamless, secure, and user-friendly.

Abstracted USDC

Created At

ETHGlobal Brussels

Project Description

We are building an innovative product that enables seamless P2P cross-chain transfers. Users connect their wallet to our platform and select the blockchain network they want to use. After specifying the transfer amount, they generate a unique request link or QR code containing all necessary transaction details. Requester then sends this link or QR code to friends via any communication channel. The friend opens the link, selects their preferred blockchain network, connects their wallet, and sends the designated amount to the requester. Our product uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to bridge the assets among different chains, ensuring secure and efficient transfers regardless of the blockchains involved. Our strengths lie in providing a seamless and automated cross-chain transfer process through an intuitive interface that minimizes the risk of manual errors. Security is a top priority, with robust protocols protecting user assets. By bridging assets across different blockchain ecosystems, we offer true interoperability, reducing transaction fees and speeding up the process for cost-effective and timely solutions. As new blockchain networks emerge, our product is scalable and future-ready, catering to diverse use cases such as personal transactions, business payments, and decentralized finance (DeFi) applications.

How it's Made

Arbitrum: Arbitrum's integration with the Cross-Chain Interoperability Protocol (CCIP) supports dynamic and efficient cross-chain communication. The ecosystem is vibrant and extensive, promoting a seamless and enriched user experience. Arbitrum provides a highly cost-effective solution. Its full compatibility with the Ethereum Virtual Machine (EVM) ensures that existing tools and applications can be used without any issues.

Base: Base offers transactions that are 10x cheaper than the mainnet. It is perfectly compatible with the Ethereum Virtual Machine (EVM), allowing for seamless use of existing tools and infrastructure. Our integration with the Chainlink Cross-Chain Interoperability Protocol (CCIP), Circle USDC, and dynamic wallet enables a robust and scalable solution for users. The rich ecosystem further enhances the user experience and functionality.

Chainlink: CCIP (Cross-Chain Interoperability Protocol) is a powerful tool for enabling cross-chain communications. We integrated CCIP to allow users to seamlessly transfer assets between different blockchain networks, enhancing the flexibility and reach of our payment service. To facilitate smooth cross-chain transactions, users need to initiate a transfer from their source chain to the destination chain. As different chains have varying levels of liquidity and support, CCIP acts as a bridge to ensure reliable asset transfers. In our implementation, we use CCIP to enable transfers between Base Sepolia and Arbitrum Sepolia. The protocol's smart contracts on both chains handle the locking, minting, and burning of tokens as needed. When a user initiates a transfer, CCIP's off-chain oracle network validates the transaction and ensures its execution on the destination chain. This process is crucial for maintaining the integrity and security of cross-chain transfers.

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