Low-latency, Scalable, DeFi with Zef
Mathieu Baudet, Alberto Sonnino, Michal Krol
TL;DR
This paper discusses extensions of the Zef protocol, enhancing FastPay with off-chain assets like NFTs and introducing on-demand BFT consensus for atomic swaps, aiming to improve scalability and privacy in DeFi.
Contribution
It proposes novel extensions to FastPay and Lef, enabling off-chain assets and on-demand BFT consensus, expanding DeFi capabilities beyond payments.
Findings
Extended FastPay to support off-chain assets like NFTs
Introduced on-demand BFT consensus for atomic swaps
Enhanced scalability and privacy in DeFi protocols
Abstract
Zef was recently proposed to extend the low-latency, Byzantine-Fault Tolerant (BFT) payment protocol FastPay with anonymous coins. This report explores further extensions of FastPay and Lef beyond payments. We start by off-chain assets (e.g. NFTs). We introduce the idea of on-demand BFT consensus instances throught the example of atomic swaps between account owners.
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Taxonomy
TopicsDistributed systems and fault tolerance · Blockchain Technology Applications and Security · Advanced Data Storage Technologies