Multichain bridges often face security challenges due to technical complexity and financial incentives, making them prime targets for hackers. Transfuse addresses this by leveraging Soroban smart contracts, validator nodes, and a unique oracle system to provide Stellar users with a safe and trustworthy way to bridge unwrapped assets to Ethereum. By utilizing non-custodial wallets, we ensure users maintain control over their assets while enabling seamless asset swaps between Stellar and Ethereum networks.

Problem

Current cross-chain asset transfer solutions face significant challenges:

• Security Risks: Reliance on centralized intermediaries or wrapped assets introduces vulnerabilities, including the risk of hacks and fraud.

• High Costs: Transactions involving wrapped assets or multiple intermediaries can result in increased fees.

• Inefficiency: Longer transaction times and complex processes hinder user experience.

• Lack of Decentralization: Centralized control points contradict the principles of blockchain technology.

• Regulatory Compliance: Navigating KYC/AML requirements while maintaining user privacy is complex.

These issues create barriers to seamless asset transfers between Stellar and Ethereum networks, limiting the potential for broader adoption and interoperability.

Solution

Transfuse proposes a Stellar-centric asset bridge that:

• Utilizes Soroban Smart Contracts: Leveraging Stellar's native smart contract platform for secure asset management.

• Adheres to SEPs and CAPs: Ensuring compliance with Stellar's standards and protocols for optimal functionality.

• Maintains Non-Custodial Control: Users retain control over their assets, eliminating the need for centralized custody.

• Provides Atomic Swaps: Enables direct asset exchanges without intermediaries or wrapped tokens.

• Offers Ethereum Integration (Secondary): Extends functionality to interact with Ethereum, broadening asset transfer capabilities.

By focusing on Stellar's capabilities, Transfuse addresses the identified problems, providing a secure, efficient, and user-friendly solution for cross-chain asset transfers.

Planned integrations, upgrades and features

• Short-Term

  • Expand support for additional EVM-compatible networks.

  • Enhance user interface with multilingual support.

  • Implement advanced security features and conduct third-party audits.

• Long-Term

  • Integrate additional assets beyond USDC.

  • Develop mobile applications for wider accessibility.

  • Propose or adopt a custom SEP for standardized cross-chain bridges.

  • Explore partnerships with other blockchain projects for interoperability.

During the Kickstart Bootcamp, the Transfuse team collaborated closely with the Bigger team to define the MVP/POC achievable within a one-month timeline leading up to the SCF Build awards. We set a realistic goal to implement Soroban smart contracts into our existing infrastructure, laying a valuable foundation for our SCF Build submission.

Amid our rebranding efforts, we are leveraging our existing traction and user base. By launching new social media channels and generating interest through the Kickstart camp, we aim to sustain our growth and establish a waitlist for testing ahead of the SCF Build awards. Our previous growth stems from past SCF Activation awards, participation in Consensus events, blog posts, and active involvement in the Stellar community.

Hunter Sides

• Role: Lead Developer

• Bio: Hunter is a seasoned software engineer with over 8 years of experience in web and mobile application development. A computer science major and Flatiron School alumnus, he has contributed to open-source projects and blockchain integrations. His previous roles include Full Stack Engineer at the Dash Incubator and Head of Mobile Development and Frontend Engineering at JMES World. An active contributor to the Stellar ecosystem and recipient of an Activation Award, Hunter specializes in React, React Native, Next.js, TypeScript, and blockchain technologies.

• Links:

  • LinkedIn

  • GitHub

  • Dev.to

  • Linktree

Asa McClellan

• Role: Business Development Lead

• Bio: Asa brings extensive experience in blockchain and business development. At ACD Logistics, LLC, he built relationships with coffee farmers and investors to secure high-quality inventory and facilitated investments in scalable Bitcoin mining operations. Previously, as a Business Developer at Mobile Blockchain Solutions, he worked on developing and tokenizing innovative tech companies, producing investor materials and financial projections. Asa excels in procuring technical talent and supporting startups, making him a valuable asset for driving innovation within the Stellar ecosystem.

• Links:

  • LinkedIn