Sup CEN fam?!?

Today we bring you:

• Insights into the Enosys Bridge.

• A CEN Update, including referrals news…

Tortoise And Hare?!?!

Are Flare being beaten at their own game of connecting chains?!?!

Enosys (formerly FLR Finance (formerly Flare Finance)) have launched their XDC bridge on the Songbird network.

Leading us to ponder: have Enosys built a multi chain protocol passing Flare in their race to ‘Connect Everything’?

We asked them some probing questions, which we’ll get to, but first let’s raise the elephant in the room when it comes to blockchain bridges.

Through 2022 $2.5 billion worth of assets were stolen in bridge exploits.

So what’s the deal with the Enosys Bridge? We asked them to comment and they replied.

Here’s the raw exchange, with a layman’s summary below:

We asked:

Flare Wrap was designed when the Flare Networks roadmap only consisted of F-Assets to make non Turing complete tokens Turing complete.

Now that Flare have announced the State Connector and Layer Cake, why are you progressing a bridging protocol that requires trusting administrators?

Does your approach have benefits when compared to what Flare are building with their trustless approach?

As Hugo has mentioned on several occasions, bridging hacks have been a major issue in several crypto projects.

You have stated that your approach is innovative, have you reviewed previous hacks on other networks and built to withstand the frailties that were exploited on those bridges?

It’s amazing to see you guys growing, we are excited to see what the future holds for Enosys…

They replied:

We believe that the protocol designs outlined by Flare in the F-Asset and LayerCake whitepapers are very promising.

When those protocols have been built, tested, and scaled we would certainly look into migrating our bridge functionality to incorporate that technology.

The Ēnosys Bridge is designed to be complementary to the F-asset and LayerCake protocols’ eventual goals. However, the Ēnosys Bridge is an essential piece of our product ecosystem.

Our Bridge will serve two very important purposes.

The first is to fill in the gaps between chains that may be supported by F-assets and LayerCake by providing bridge support to networks and assets that are not included in the proposed roadmap outlined in the initial protocol design.

The second is to facilitate our omnichain expansion plan by allowing our governance tokens to be bridged off of Flare to provide liquidity and incentives on other chains.

This allows us to aggregate fees from any network we support with our Bridge back to the central Flare ecosystem APY Cloud.

Something this fundamental to our platform design cannot be left to the whims of an external protocol designer or external governance.

Our Academic arm, led by Dionysis Zindros of Stanford, has performed extensive research into bridge design and security.

We believe that the safeguards, security protocols, and parameters described in our bridge whitepaper make the Ēnosys Bridge one of the most secure bridges in existence today. And with our n+1 audit plan, in which each additional chain added to the bridge requires an additional full codebase audit from an additional auditor, we believe this will remain the case.

Laymans Summary.

Woah that was pretty heavy! But what does it all mean?!?!

Well, it means that the Enosys team are some super smart cookies who have done deep research into previous bridging protocols (and hacks) and created a solution.

The Enosys bridge allows participants in the APY Cloud to earn fees from all the chains they support, great news for SFIN holders.

They still dig Flare and what the Flare protocols may offer in future, but they are focused on their own goals and supporting their users.

Fair play Enosys, we salute you and look forward to seeing it all play out…

CEN Updates

Better Data:

Thank you to everyone who highlighted the error in last weeks CEN airdrop.

Our reward calculations were using the Songbird Explorer which runs on Block Scout where a bug is causing delays to wallet balance updates.

We got our dev on and put together a solution that takes your wallet balance directly from the ol’ chain of blocks.

This issue is now fixed.

Referrals Update:

The white listing period for referral rewards has now come to a close.

We have been whitelisting subscribers continuously and still have a backlog to process.

This will be completed early next week.

Referral rewards will be distributed on April 26th.

CEN Docs Are Live:

Just a wee reminder that the CEN docs are live.

They’re a nice short read, no heavy jargon, grab a brew and check ‘em out…

That’s us back to the whitelisting, until next time, stay lucky…