Principle of operation
Funds are moved between escrows and chains using third party actors.
Funds can be frozen if third party actors decide to not relay selected messages between chains.
Funds can be stolen if third party actors relay a fake messages.
The system uses the following set of permissioned addresses:
Members of the Chainport Congress.
A Gnosis Safe with 2 / 3 threshold. Vault 1.
A Gnosis Safe with 2 / 3 threshold. Vault 2.
The system consists of the following smart contracts on the host chain (Ethereum):
Escrow controlled by the Chainport Congress. The source code of this contract is not verified on Etherscan. This contract can store any token.
Contains the logic to create proposal, vote and execute them.
Registry of the Chainport Congress members. Acts as a 3 / 4 multisig.
Value Secured is calculated based on these smart contracts and tokens:
The source code of this contract is not verified on Etherscan.
The current deployment carries some associated risks:
Funds can be stolen if the source code of unverified contracts contains malicious code (CRITICAL).