AnyToAny Wan Make Cross-Chain Swaps Enter Cardano DeFi Take Less Than Three Minutes

VIA Labs don present di architecture behind AnyToAny, one planned liquidity router wey dem design to make asset transfers between EVM networks and Cardano easy. Users go fit choose token for di source network and di Cardano asset wey dem want receive, while di required swaps and cross-chain transfer go dey run for background.

AnyToAny still be Catalyst Fund 15 proposal wey get Pending vote status. Di VIA Labs messaging infrastructure wey dey under di hood don already dey operate across Cardano and Midnight, but di complete liquidity-routing product never launch for mainnet.

VIA Labs Dey Test Di Ethereum-to-Cardano Transfer Layer

VIA Labs dey build interoperability infrastructure wey allow applications to transfer tokens, data, messages and executable instructions between blockchain networks. According to di company, VIA Network connect pass 150 networks and don process over 20 million cross-chain messages.

Founder and CEO Robert Peilert and CTO Andre Verrie explain di system during one Cardano Seminar wey Cardano Foundation host. VIA Labs don already enable USDM transfers between Cardano and Midnight, and di seminar include another separate test transfer between Ethereum Sepolia and Cardano Preprod.

Di demo use test USDR and e complete inside two minutes and 37 seconds. E confirm say di messaging and execution flow under test conditions dey work, but e no include di complete AnyToAny process to find liquidity and execute swaps for both networks.

Eternl na di Cardano wallet wey dem don test pass for di VIA Labs interface. Di team talk say dem dey add support for Lace and other Cardano wallets.

Liquidity Vaults Fit Reduce Transfer Delays

AnyToAny na aggregation layer wey dem build on top VIA Network. User fit choose asset wey e hold for Ethereum, Base or another connected network and then choose di Cardano token wey e want receive. Di system go route di transaction through EVM liquidity, VIA cross-chain infrastructure and Cardano DEX aggregator.

One route wey dem show for di seminar start by swapping di source asset into $USDC. Di funds go move enter Cardano through existing stablecoin rails before Cardano aggregator go complete di final purchase.

VIA Labs talk say di existing route into $USDCx for Cardano dey take about 15 to 25 minutes, while transfers wey dey go opposite direction fit take around nine hours. Di longer withdrawal time reflect di number of confirmations wey dem dey use to protect di underlying bridge against blockchain reorganizations.

AnyToAny go try reduce dat delay through lock-and-release vaults wey hold limited liquidity for both sides. Funds fit release after VIA confirm di cross-chain message, while di slower underlying bridge go later complete di rebalancing.

Users go pay extra fee for di faster route because di liquidity provider go carry di waiting time and reorganization risk. VIA Labs expect say di service go start with maximum transfer of about $500, and dem go increase di limits as available liquidity dey grow.

Mainnet messages go dey validated by at least three VIA Labs validators. Projects wey integrate fit also run their own validation layer with authority to reject messages wey address to their contracts. Message no go execute if di required layers no reach di configured approval threshold.

Catalyst Proposal Dey Find 200,000 ADA for Mainnet MVP

Di official Catalyst proposal dey request 200,000 ADA for five months of development. Planned outputs include mainnet MVP, publicly accessible universal frontend and integration contracts wey dem go publish for GitHub.

Di proposal target cross-chain swap wey go complete under three minutes, integration with at least one major Cardano DEX aggregator and one EVM aggregator, plus support for at least five Cardano assets at launch. VIA Labs still list more than $100,000 routed volume for di first three months of di mainnet beta as measure of success.

AnyToAny no go be entirely open source. Integration components dey expected to use Apache 2.0 or MIT licenses, while routing, pathfinding and some parts of di underlying infrastructure go remain under proprietary VIA Labs commercial license.

Di remaining work include mainnet deployment, DEX integrations, funded stablecoin vaults and pricing model for accelerated transfers. VIA Network currently dey provide direct cross-chain transport. AnyToAny go extend dat infrastructure into one single execution flow wey cover di source swap, transfer enter Cardano and final purchase of Cardano asset.