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Optics is a general messaging bridge that uses optimistic verification to validate cross-chain bridging transactions. Version 2 of the bridge was deployed after Celo governance lost control over the governors MultiSig keys.
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Optics Bridge is a Token Bridge with ability to facilitate fast transfers via additional LP-provided liquidity. For deposits, it locks tokens in the escrow contracts on Ethereum and mints a "representation token" on the destination network. When bridging back to Ethereum tokens are burned and then released from the escrow on Ethereum.
Messages on the source (home) chain are periodically signed by Updater. Updater cannot censor messages and if it refuses to attest them, it can be changed by the governance. Once message batch is attested, it is relayed to the destination (replica) by the permissionless Relayers. After 20 min fraud proof window messages can be delivered to the destination contract. During 20 min fraud proof window, if malicious Updater tries to relay invalid message batch, anyone can submit a fraud proof to the source (home) chain slashing Updater and stopping home contract. On the destination messages cannot be stopped, so receiving contracts have to be independently notified to not process messages.
Users can be censored if updater fails to attest messages and governance does not change the Updater.
Funds can be stolen if updater manages to relay fraudulent message batch and is not slashed by Watchers during 20 min fraud proof window.
Funds can be stolen if destination contract does not block receiving fraudulent messages after malicious Updater has been slashed.
Tokens transferred end up as "representation tokens" some of them may be upgradable.
Funds can be stolen if destination token contract is maliciously upgraded (CRITICAL).
Watchers can unenroll, i.e. stop receiving messages, from a given Replica.
Optics Home. This contract is used to send x-chain messages, such as deposit requests. Messages are regularly signed by Attester.
Optics Replica. This contract is used to receive x-chain messages, such as withdrawal requests, from Relayers.
Optics Bridge Router. Used to send messages to Home and receive messages from Replica. When receiving messages, it routes them to XAppConnectionManager. This contract stores the following tokens: WETH, USDC, WBTC, DAI, SUSHI, USDT.
Contract managing list of connections to other chains (domains) and list of watchers.
Contract managing Beacons.
Optics Governance Router. Manages all Optics components.
The current deployment carries some associated risks:
Funds can be stolen if a contract receives a malicious code upgrade. There is no delay on code upgrades (CRITICAL).