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Socket logoSocket

This page gathers Socket vaults built on top of Socket Data Layer cross chain messaging protocol.
The security parameters of each individual token and vault must be individually assessed, and can be changed by the developers. DYOR and use Socket at your own risk.
  • Total value locked
    $79.14 M11.24%
  • Destination
    Various
  • Validated by
    Third Party
  • Type
    Token Bridge
  • ...

    Tokens

    Choose token

    Bridged Tokens (Top 15)

    USD Coin (USDC)
    Wrapped eETH (weETH)
    Wrapped liquid staked Ether 2.0 (wstETH)
    rswETH (rswETH)
    Staked USDe (sUSDe)
    Wrapped Ether (WETH)
    Savings Dai (sDAI)
    Wrapped BTC (WBTC)
    ENA (ENA)
    Synthetix Network Token (SNX)
    Dai Stablecoin (DAI)
    ether.fi governance token (ETHFI)
    Detailed description

    This page gathers Socket vaults built on top of Socket Data Layer cross chain messaging protocol.

    Socket is highly flexible and configurable and risks vary depending on the current configuration of the specific route. It allows to define custom Token Vaults that communicate using different messaging protocols. Token Vaults are connected via Plugs and Switchboards to their remote counterparts. The central contract on each chain, Socket, stores the configuration of all Plugs and Switchboards. Some Switchboards may be as secure as “native” (canonical) bridge, some may use simple Relayers/Watchers to move messages across chains.

    Risk summary
    The security parameters of each individual token and vault must be individually assessed, and can be changed by the developers. DYOR and use Socket at your own risk.
    Technology

    Principle of operation

    Socket is a bridge framework connecting different chains via a set of “switchboards”. Every chain using Socket for some of its tokens can mix & match many switchboards with varying trust assumptions, for example mixing a “fast” route via “Fast Switchboard” with a “Standard Route” using a native rollup AMB.

    Various switchboards

    Note: This section requires more research and might not present accurate information.

    Vaults can use any registered switchboards. The validation model is chosen by the switchboard and their security can vary from using a canonical bridge to a third-party validation model.

    • Users can be censored if watchers fail to facilitate the transfer (CRITICAL).

    • Funds can be stolen if watchers submit fraudulent block hash and relay fraudulent transfer (CRITICAL).

    • Funds can be stolen if the Socket Vault owners change the Vault configuration (CRITICAL).

    1. Protocol Design - Socket Documentation
    Permissions

    The system uses the following set of permissioned addresses:

    socketadmin.eth EOA 0xB0BB…1836

    Account privileged to set up different roles in the main Socket contract.

    LyraMultisig 0x246d…9fCF

    Multisig that owns the Socket Vaults associated with Lyra. This is a Gnosis Safe with 2 / 3 threshold.

    LyraMultisig participants (3) 0xb88D…1F650x76E6…6D520x4cEa…9F12

    Those are the participants of the LyraMultisig.

    KintoMultisig 0xf152…5D82

    Multisig that owns the Socket Vaults associated with Kinto. This is a Gnosis Safe with 3 / 6 threshold.

    Those are the participants of the KintoMultisig.

    HookOwnerEOA 0x3B88…81BF

    EOA that owns the Socket Vaults associated with hook.xyz.

    Smart contracts
    Note: This section requires more research and might not present accurate information.
    A diagram of the smart contract architecture
    A diagram of the smart contract architecture

    The system consists of the following smart contracts on the host chain (Ethereum):

    Central contract in Socket SuperBridge holding configuration of all Plugs and associated Switchboards.

    FastSwitchboard 0xD5a8…F5cD

    Fast Switchboard having a set of Watchers authorizing transfers. If the transfer is not explicitly authorized within certain period of time, it is optimistically considered to be valid. Watchers can also stop (trip) an invalid transfer.

    PolygonL1Switchboard 0x0534…62CD

    Switchboard using native Polygon message passing.

    OptimismSwitchboard 0x139f…c287

    Switchboard using native Optimism message passing.

    ArbitrumL1Switchboard 0xdf5f…9CAe

    Switchboard using native Arbitrum message passing.

    ExecutionManager 0xFB4d…84E0
    TransmitManager 0xeD03…0341

    Value Locked is calculated based on these smart contracts and tokens:

    Escrow for USDC 0x6D30…cC1d

    Socket Vault associated with Lyra and owned by LyraMultisig.

    Escrow for rswETH 0x4BB4…1eB4

    Socket Vault associated with Lyra and owned by LyraMultisig.

    Escrow for weETH 0x8180…bf78

    Socket Vault associated with Lyra and owned by LyraMultisig.

    Escrow for wstETH 0xeBB5…24b3

    Socket Vault associated with Lyra and owned by LyraMultisig.

    Escrow for WETH 0xD4ef…1b7e

    Socket Vault associated with Lyra and owned by LyraMultisig.

    Escrow for SNX 0x7D7a…5592

    Socket Vault associated with Lyra and owned by LyraMultisig.

    Escrow for WBTC 0x3Eec…E3ab

    Socket Vault associated with Lyra and owned by LyraMultisig.

    Escrow for USDC 0x855A…0981

    Socket Vault associated with Hook and owned by HookOwnerEOA.

    Escrow for WETH 0xB39D…CBEa

    Socket Vault associated with Hook and owned by HookOwnerEOA.

    Escrow for sUSDe 0x43b7…5b32

    Socket Vault associated with Kinto and owned by KintoMultisig.

    Escrow for sDAI 0x5B8A…Fb85

    Socket Vault associated with Kinto and owned by KintoMultisig.

    Escrow for ENA 0x351d…8fDd

    Socket Vault associated with Kinto and owned by KintoMultisig.

    Escrow for weETH 0xeB66…6397

    Socket Vault associated with Kinto and owned by KintoMultisig.

    Escrow for wstETH 0xc5d0…f2dc

    Socket Vault associated with Kinto and owned by KintoMultisig.

    Escrow for DAI 0x12Cf…EcB5

    Socket Vault associated with Kinto and owned by KintoMultisig.

    Escrow for ETHFI 0x95d6…37E5

    Socket Vault associated with Kinto and owned by KintoMultisig.

    Escrow for WETH 0x00A0…8A94

    Socket Vault associated with Kinto and owned by KintoMultisig.

    Escrow for USDC 0xdFf7…75f7

    Socket Vault associated with Reya and owned by socketadmin.eth EOA.

    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).