Gluon logoGluon

TVL: $29.76 K

-2.40% / 7 days

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News

Description

LeverJ trading platform appears to be in a maintanance mode as the team moved to build NFT trading platform. Social medias associated with the project are silent since mid 2021.

Gluon aims to be a Layer 2 scalable trading engine built on top of Ethereum, unlocking low fees and high frequency trading.

If you find something wrong on this page you can submit an issue or edit the information.

Risk summary

Note: This project's overview requires more research and might not present accurate information. If you want to contribute you can edit the information on Github. Alternatively you contact the project team on Twitter and encourage them to contribute a PR.

Technology

Fraud proofs ensure state correctness

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

After some period of time, the published state root is assumed to be correct. For a certain time period, usually one week anyone can submit a fraud proof that shows that the state was incorrect.

  • Funds can be stolen if there is no one that checks the published state. Fraud proofs assume at least one honest and able validator.

Data is not stored on chain

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

The transaction data is stored on a plasma chain and is not recorded on the Ethereum main chain.

  • Funds can be lost if the external data becomes unavailable (CRITICAL).

Operator

The system has a centralized operator

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

The operator is the only entity that can propose blocks. A live and trustworthy operator is vital to the health of the system.

  • MEV can be extracted if the operator exploits their centralized position and frontruns user transactions.

Users can independently exit the system

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

Independent exit allows the users to escape censorship by withdrawing their funds. The system allows users to withdraw their funds by submitting a transaction directly to the contract on-chain.

  • Users can be censored if the operator refuses to include their transactions. They can still exit the system.

Withdrawals

Regular exit

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

The user executes the withdrawal by submitting a transaction on L1 that requires a merkle proof of funds.

    The mass exit problem is unsolved

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

    In case the operator is malicious all users need to exit within a predetermined time frame. Users that do not manage to do this will lose their funds.

    • Funds can be stolen if users are unable to withdraw in a mass exit event.

    Smart Contracts

    The system consists of the following smart contracts:

    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).