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  • What is Omni-Bridge?
  • How Omni Bridge Works in MoreMarkets?
  1. PROTOCOL CONCEPTS
  2. Message Passing Systems

Omni Bridge

What is Omni-Bridge?

The Omni Bridge is a multi-chain asset bridge that facilitates secure and efficient asset transfers between different blockchain networks. It solves key challenges in cross-chain communication by leveraging Chain Signatures and its decentralized Multi-Party Computation (MPC) service to enable trustless cross-chain asset transfers. How it works:

  • Uses Chain Signatures, NEAR's transaction signing system, to enable trustless cross-chain asset transfers

  • Uses decentralized Multi-Party Computation (MPC) to solve challenges in cross-chain communication

  • Eliminates technical constraints of traditional bridge designs

  • Delivers faster finality, lower costs, and enhanced scalability

How Omni Bridge Works in MoreMarkets?

Omni Bridge is used as a message passing layer between NEAR Protocol Chain Signature enabled vaults on the Principal Chain and Receipt Chain.

This includes forward messaging to signal the Receipt Chain BoringVault to mint Receipt Tokens and backward messaging to signal liquidation/slashing and minting of Positional Tokens.

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Last updated 1 day ago