davidsiska-vega
commented
1 year ago This was on a duplicate issue so I am copying here and will close #878 ,
In order to be ready for Q2 2022 development we need to agree upon the scope for the engineering team to deliver in this time period.
We need a specification for a two-way Ethereum bridge. Further details related to the prioritisation meeting can be seen on the Notion Board
Can this be an extension to 0031-ETHB-ethereum_bridge_spec.md or should it be a new spec. I think @C0deMunk33 suggested this would be a new smart contract and not an update to the existing bridge.
How do we know when we are done:
The spec has been updated to indicate what are the requirements for flexible oracles and basic combinators The specification contains acceptance criteria with IDs that reflect the scope of the work required for Q2 2022 The engineering team has reviewed the specifications and understand the scope The spec is merged into the specs repo before engineering start development/test work
gordsport
Two way bridge (lite) would basically be:
Note we obviously can't spec all of this now or fully implement it because we don't have the core features it would be used with, but hopefully we can start thinking about how we'd do this and spec the mechanisms for the Ethereum contract to use and for interaction between the chains now.
The reason for these is they gas prices are prohibitive for trading on a two way bridge really but a longer term parking of funds for yield may make more sense.