Context

Abstract is a Layer 2 (L2) network built on Ethereum, utilizing the ZK Stack and zero-knowledge (ZK) rollup technology to enhance scalability and efficiency.

Abstract is designed to support consumer-facing blockchain applications by providing low fees and fast transaction speeds. It prioritizes accessibility and ease of use, making blockchain technology more approachable for a broader audience.

Key Features:

• EVM Compatibility: Abstract supports EVM compatibility, allowing most EVM smart contracts to run with minimal modifications, though some differences exist.
• Native Bridge: Enables free asset transfers (excluding gas fees) between Ethereum and Abstract, supporting ETH and ERC-20 tokens.
• Abstract Global Wallet: A key innovation that allows users to participate in blockchain activities using just an email address, improving accessibility for non-technical users.

The Abstract mainnet has just launched.

Proposal

Enable support for Abstract Chain within the Symbiosis protocol. The integration includes the following steps:

• Deploying and tuning Symbiosis contracts on Abstract Chain to ensure smooth operation.
• Adding tokens for Abstract Chain in the Symbiosis AMM DEX on the host chain: WETH (address).
• Leveraging existing DEXs on Abstract Chain to enable on-chain routing.
• Activating the Symbiosis relayers network to work with the new blockchain.

Key Points

• User-Friendly Ecosystem: Abstract enhances accessibility with a focus on consumer-facing applications, simplifying onboarding through features like the Abstract Global Wallet.
• Growing Adoption: With the recent mainnet launch, Abstract has generated significant interest in the Web3 space. Integrating Abstract into Symbiosis allows the protocol to tap into this momentum, facilitating early adoption and expanding cross-chain activity.
• Seamless Integration: Abstract’s EVM compatibility ensures a smooth and efficient integration with Symbiosis, enabling immediate cross-chain functionality and increasing liquidity access for users.