tanX is a DEX powered by StarkEx technology.
$1.26 M
0.40%
tanX is a DEX powered by StarkEx technology.
zkSTARKS are zero knowledge proofs that ensure state correctness.
Proof construction relies fully on data that is NOT published onchain. There exists a Data Availability Committee (DAC) with a threshold of 2/4 that is tasked with protecting and supplying the data.
There is no window for users to exit in case of an unwanted regular upgrade since contracts are instantly upgradable.
Users are able to trustlessly exit by submitting a Merkle proof of funds.
Each update to the system state must be accompanied by a ZK proof that ensures that the new state was derived by correctly applying a series of valid user transactions to the previous state. These proofs are then verified on Ethereum by a smart contract. The system state is represented using Merkle roots.
The balances of the users are not published on-chain, but rather sent to external trusted parties, also known as committee members. A state update is valid and accepted on-chain only if at least a quorum of the committee members sign a state update.
Funds can be lost if the external data becomes unavailable (CRITICAL).
Users can be censored if the committee restricts their access to the external data.
The operator is the only entity that can propose blocks. A live and trustworthy operator is vital to the health of the system. Typically, the Operator is the hot wallet of the StarkEx service submitting state updates for which proofs have been already submitted and verified.
MEV can be extracted if the operator exploits their centralized position and frontruns user transactions.
Force exit allows the users to escape censorship by withdrawing their funds. The system allows users to force the withdrawal of funds by submitting a request directly to the contract on-chain. The request must be served within a defined time period. If this does not happen, the system will halt regular operation and permit trustless withdrawal of funds.
Users can be censored if the operator refuses to include their transactions. However, there exists a mechanism to independently exit the system.
The user initiates the withdrawal by submitting a regular transaction on this chain. When the block containing that transaction is proven the funds become available for withdrawal on L1. Finally the user submits an L1 transaction to claim the funds. This transaction does not require a merkle proof. When withdrawing NFTs they are minted on L1.
If the user experiences censorship from the operator with regular exit they can submit their withdrawal requests directly on L1. The system is then obliged to service this request. Once the force operation is submitted and if the request is serviced, the operation follows the flow of a regular exit.
If the enough time deadline passes and the forced exit is still ignored the user can put the system into a frozen state, disallowing further state updates. In that case everybody can withdraw by submitting a merkle proof of their funds with their L1 transaction.
Can upgrade implementation of the system, potentially gaining access to all funds stored in the bridge. Currently there is 0s delay before the upgrade.
Validity proof must be signed by at least 2 of these addresses to approve state update.
Can upgrade implementation of SHARP Verifier, potentially with code approving fraudulent state. Currently there is 0s delay before the upgrade.
This is a Gnosis Safe with 2 / 4 threshold. SHARP Verifier Governor.
Used in:
Those are the participants of the SHARPVerifierGovernorMultisig.
Allowed to update the state. When the Operator is down the state cannot be updated.
This contract can store any token.
Implementation used in:
Data Availability Committee (DAC) contract verifying data availability claim from DAC Members (via multisig check).
CallProxy for GpsStatementVerifier.
Proxy used in:
Starkware SHARP verifier used collectively by Starknet, Sorare, ImmutableX, Apex, Myria, rhino.fi and Canvas Connect. It receives STARK proofs from the Prover attesting to the integrity of the Execution Trace of these Programs including correctly computed state root which is part of the Program Output.
Implementation used in:
MemoryPageFactRegistry is one of the many contracts used by SHARP verifier. This one is important as it registers all necessary on-chain data.
Implementation used in:
Same as MemoryPageFactRegistry but stores facts proved by the old SHARP Verifier, used as a fallback.
Implementation used in:
Main entry point for users’ deposits.
Implementation used in:
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).