Across Crypto Platform

The platform's user interface is simple and easy to use, but it may be slow and unresponsive at times. While the platform claims to perform transactions quickly, this can be affected by the slow website performance. The platform supports major wallets like Coinbase and WalletConnect, which allows users to connect with their Ledger, Crypto.com, SafeMoon, and Exodus wallets. However, MetaMask is not currently supported on the platform.

Using the platform is straightforward; users can connect their wallets, select a token from the dropdown menu, and deposit or withdraw funds. The liquidity providers will receive rewards from the fees collected from swaps and exchanges. However, the platform has a limited number of supported tokens, including ETH, USDC, DAI, WBTC, BAL, and BOBA tokens, as well as the protocol's own UMA and ACX tokens. The bridging tool is also limited to those tokens.

The protocol has its native token, ACX, which has various uses, including incentivizing liquidity providers and participants in the referral link program. The ACX token is an ERC20 token that gives holders the right to participate in the project’s development and control over the DAO’s treasury. The token is also used to incentivize liquidity providers and participants in the referral link program. Little over 10% of the tokens were airdropped to early users. But it is a tricky way of ensuring a more democratic distribution because the platform doesn’t have a big community, and early users are limited to its developers and investors only. Little over 50% of the tokens remain in the DAO’s treasury. DAO’s treasury wallet is a multisig wallet. According to EtherScan data, the token is not well distributed.

The protocol's limited number of supported tokens is a disadvantage. While ETH, USDC, DAI, WBTC, BAL, and BOBA are widely used tokens, it would be beneficial for the platform to support more tokens to increase its utility. Moreover, the bridging tool is also limited to these tokens. It is essential for the platform to broaden its scope to attract more users and expand its user base.

The Across protocol is a new player in the rapidly developing area of bridging between Zk-rollup and Layer-2 networks. Layer-2 networks are gaining popularity as they scale the Ethereum network and provide faster transactions. OpenZeppelin has audited the protocol and given it a passing score. Although the protocol has not been hacked, it is too early to be sure of its security, as decentralized protocols require years to prove their security.

Overall, the Across protocol provides a straightforward solution for bridging assets between Ethereum and its layer-2 solutions. While it has some limitations and a slow user interface, it has the potential to be a useful tool as the use of Layer-2 networks continues to grow. The platform's success depends on its ability to broaden its token support and improve its user interface.

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