xERC20

For all integrations, follow the steps in the Creating a new Intent section using the API which will construct a transaction request with a signed payload from our fee signer. The signed payload is required to submit a valid order to the FeeAdapter contract when creating a new intent.

Process Overview

The XERC20 open token standard for a multi-chain ERC20 which can be transferred across chains with no slippage and without compromising security. Token issuers can control the chains their token is deployed to and set rate limits on a per-bridge basis - making the token natively multichain without compromises.

The process of setting up XERC20 infrastructure can be found in this guide; token issuers should contact our team once they would like their XERC20 to be supported by Everclear and provide a list of chains they would like to be supported (where the XERC20 token exists).

XERC20 bridging should only be used once:

  • XERC20 infrastructure deployed by the token issuer

  • XERC20 token approved on the Hub

  • XERC20 token status stored on Spokes (as per request from token issuer)

  • Token issuer has given XERC20Module mint and burn limits on supported chains

The process of bridging an XERC20 with the Spoke is as follows:

  1. User approves the FeeAdapter contract to pull XERC20 from wallet

  2. User calls newIntent on the FeeAdapter, funds are pulled from wallet to FeeAdapter contract, fees are applied, the call is forwarded onto the EverclearSpoke, and tokens are burned by the XERC20Module

  3. Intents are transported from Spoke to clearing chain periodically when the queue size is more than a threshold of items or the oldest item in the queue is more than threshold of minutes

  4. Clearing chain receives intent and adds to the invoice queue if it’s the only intent for the xERC20 tickerHash on Hub OR adds the intent to the deposit queue

  5. Invoice and deposit queues are processed every epoch. As the XERC20 does not need to be matched with another invoice, a settlement is automatically created and added to the settlement queue

  6. The settlement queue is processed on the Hub and transported to the Spoke contract when the queue size is more than a threshold of item or the oldest item in the queue is more than threshold of minutes

  7. Spoke contract receives SettlementMessage’s and calls the XERC20Module contract to mint tokens to the recipient

If the minting limit has been reached, the XERC20Module will store the amount and recipient. The tokens can be minted when the limit resets by calling mintDebt .

Creating an xERC20 Intent

As a user, you will need to interact with the FeeAdapter contract on the origin domain to create a new intent that will be processed by the netting system.

newIntent called on FeeAdapter contract

The entry point to bridge an XERC20 is newIntent on the FeeAdapter contract of the origin domain. The destinations field can be defined as a single item or an array - the Hub will select the first supported domain to bridge to so we recommend solely providing a supported domain.

The maxFee must be set to 0 as maxFee is not applicable to the XERC20 order type. The ttl must be set to 0 to indicate the order should be routed via the native XERC20 route.

The feeParams consists of fee, deadline, and signature which would be generated through interacting with the API. The fee will be the amount being charged to the user, the deadline is the period of time where the fee is valid, and the signature will be the signed payload from the Everclear fee signer to confirm the provided inputs provided are valid.

When the FeeAdapter contract completes the newIntent call, it will charge the user fees, forward the call to the EverclearSpoke, and the XERC20Module will use its burning limit to burn the assets being bridged. The intent will then be added to the intentQueue, and periodically sent to the Hub contract on the clearing chain - depending on the configuration of the max queue size and age for the origin domain.

An intent can be created by interacting directly with the contract. The following is a simple example sending 100 xTOKEN via the XERC20 route from Sepolia Testnet to BNB Testnet.

Domain Ids will correspond to standard chain Ids.

Monitoring Intents

The status of an intent can be fetched from the Subgraph which will update the intent on each domain as they are being processed. Token issuers should be able to query the Subgraph using the intentId to monitor the progress it has made through the system whilst users bridging via the UI will be able to find all of the required information there.

For token issuers, intents created on the Spoke contract will be added to the origin domain Subgraph as an OriginIntent entity. The status of the processing on the hub domain will be added to the Subgraph as a HubIntent entity. The settlement of the intent will be added to the destination domain Subgraph under IntentSettleEvent entity.

There are 3 statuses used for OriginIntent entities:

  • NONE: does not exist

  • ADDED: signifies added to the message queue

  • DISPATCHED: signifies the batch containing the message has been sent

There are 9 statuses used for HubIntent entities:

  • NONE: does not exist

  • ADDED: intent has been added to the Hub

  • DEPOSIT_PROCESSED: has been added to the depositQueue

  • FILLED: deposit has purchased an invoice in the queue

  • COMPLETED: has been added to settlement queue on Hub

  • INVOICED: has been added to the invoiceQueue

  • SETTLED: settlement has been sent from Hub to Spoke

  • UNSUPPORTED: the asset is not supported on the origin/destination domains or the wrong output asset has been provided

  • UNSUPPORTED_RETURNED: the unsupported intent has been returned to the origin domain

The existence of the IntentSettleEvent entity for an intentId implies it has been settled on the destination domain.

1 - Monitoring intent status

The Subgraph can be queried on the origin domain to pull information about the intent using the intentId; Id will remain the same across the domains. Schema for OriginIntent:

For example, if the origin domain Subgraph was being queried to fetch the status of an intent, it could be constructed as follows using its intentId:

2 - Monitoring purchase status

The Subgraph on the hub domain can be queried to pull information about the intent’s processing status using the intentId. Schema for HubIntent:

For example, if the hub domain Subgraph was queried to fetch the status of the intent, it could be constructed as follows using its intentId:

3 - Monitoring settlement status

The Subgraph on the destination domain can be queried to pull information about the settlement using the intentId. Schema for IntentSettledEvent:

For example, if the destination domain Subgraph was queried to fetch the status of the settlement, it could be constructed as follows using its intentId:

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