No, Connext does not have a token at this time. Any references to a Connext token out there are definitely scams.
No. Connext builds infrastructure for communicating across chains -- our target users are developers. Developers can build applications like DEXs on top of Connext, or can provide liquidity to the network by running Connext routers.
No. Neither Connext, nor any projects building on Connext ever have custody over a user's funds.
Check out our Why Connext? page for a comparison to other approaches.
Yes! See our latest audit(s) at https://connext.network/audit
The Connext team/protocol does not charge any fees. Fees are charged only by routers as compensation for providing liquidity.
Yes and no. Composability means a lot of different things to different people, which makes this question difficult to answer.
As we move to a multichain paradigm, many of our existing development patterns and user experiences will need to change. For instance, it will become impossible (even with the use of something like Connext) to call contracts that live on different chains synchronously. This will affect activities like flash loans which must be executed and completed within a single block.
Connext will be able to help some aspects of composability, however. It is possible today for users to call contracts that live on a different chain than where their funds are using Connext. It will also be possible to use an asynchronous relayer pattern to simulate contract-to-contract calls that are routed via Connext in certain cases.
For now, the easiest place to try out Connext is our Spacefold Demo. There are also a number of projects and teams building on top of Connext -- we're hoping to consolidate these live projects into a list of examples for users to play with soon!
See our page on Supported Chains.
Connext works out of the box with any erc20 token. Note that it's only possible to swap into a given token if there are routers providing liquidity for that token (similar to Uniswap).
Other token standards are not currently supported because of a lack of interest.
Connext works out of the box with evm-compatible chains, but can also be modified to work with any chain that supports conditional transfers.
Note that, because supporting the above requires a custom integration, we're primarily focused on evm chains and L2s.
Reach out to us via our discord and we'll get back to you ASAP!
Mostly no. Users need to send a transaction to their Connext channel address on a given chain which they may need to pay gas for -- this is a normal Eth or token transfer and so will work out of the box with any fiat onramp or wallet.
Aside from the above, using Connext (including calling any arbtirary contract when exiting our network) is fully gas-abstracted. Routers submit transactions on behalf of users and charge them fees denoted in the users' swapped asset to recoup costs.
Yes, though we're always looking for more. Check out our Hosted Routers section for more info.
Yes! Connext is a fully featured generalized state channel protocol. This means you can write arbitrary conditionality into transfers that may or may not go across chains. You can also use this conditionality to aggregate lots and lots of transfers into one netted transfer onchain. See our Conditional Transfers docs for details.
Routers can charge fees to earn a return on the liquidity provided.
Check out our Router Economics section for a discussion around this.
At the moment, there is no trustless way to provide liquidity without also running a router. This is an area of active research and we have some early ideas on how this can be possible at a future stage of the network.
Right now, running a router requires some devops experience as well as a substantial amount of liquidity ($100k+). We're actively building improvements to the network which will make it feasible to run routers with less liquidity and less technical experience.
If the above did not scare you away, you can sign up to join the router waitlist here.