tharensol
Decentralised Finance Platform
All Projects
Blockchain2024completed

Decentralised Finance Platform

Cross-chain DeFi protocol enabling seamless swaps across Ethereum, Polygon, and Avalanche with multi-sig smart contract security and $100M+ processed.

$100M+
Total Volume Processed
0
Security Incidents
99.99%
Uptime

Project Overview

A well-funded DeFi startup needed to build a cross-chain liquidity protocol from scratch. The goal was to allow institutional and retail traders to swap assets between Ethereum, Polygon, and Avalanche with minimal slippage, transparent fees, and auditable on-chain history.

The founding team had domain expertise but no in-house engineering capacity. We joined as the full technical team — architecture, smart contracts, backend, and frontend.

The Challenge

Cross-chain bridges are the most exploited category in Web3. High-profile hacks (Ronin, Wormhole, Nomad) had collectively lost over $1.5B. Our primary mandate was building a bridge that wouldn't be the next headline.

Secondary challenges:

  • Liquidity fragmentation — Without deep liquidity on both sides, swaps would have unacceptable slippage, especially for large institutional orders
  • Gas optimisation — Ethereum mainnet gas costs would kill the UX for smaller trades
  • Regulatory ambiguity — We needed architecture that could adapt as OFAC and MiCA regulations evolved

Architecture

Smart Contract Layer: We designed a hub-and-spoke bridge architecture with a multi-signature validator set (5-of-7 threshold). Contracts were written in Solidity, with Rust used for performance-critical off-chain relayers.

Security Posture:

  • All contracts passed three independent audits (Trail of Bits, Certora, Halborn)
  • Formal verification on core bridge logic using Certora's Prover
  • Emergency pause mechanism controlled by a time-locked multisig

Liquidity Management: An automated market-making layer managed liquidity pools on each chain, rebalancing based on observed swap demand.

Backend Relayer: A distributed Go service listened for events across all chains and orchestrated the cross-chain message passing, with retry logic and dead-letter queuing for reliability.

Results

  • $100M+ total volume in first 3 months post-launch
  • 0 security incidents across 18 months of operation
  • 99.99% uptime on the relayer network
  • Successfully passed regulatory review under MiCA (EU) framework

Technologies Used

SolidityRustGoWeb3.jsReactPostgreSQL