Uniswap Labs launches the Compact v1 system to address cross-chain Liquidity fragmentation.

PANews, September 24, news from Uniswap Labs' blog that 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 the 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 from being realized. Compact v1 has undergone multiple independent security reviews, and a complete audit report is expected to be released soon. It has also been included in the Uniswap bug bounty program.