Rosen Bridge
@RosenBridge_erg
Followers
4,659
Following
141
Media
217
Statuses
637
Rosen Bridge: Watchers monitor, Guards secure. Multi-layered protection for transparent cross-chain liquidity settlements
On chain
Joined March 2023
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The Rosen design allows for transfer between any 2 supported chains.
Ergo, Cardano, Bitcoin, Binance Smart Chain, Ethereum, etc.
2022 saw bridges fail because they were poorly made and overmarketed.
It is time for a new standard. Built on clear assumptions.
@Ergo_Platform
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624,000 ERG has currently been transferred to
#Cardano
, 0.85% of the
#Ergo
circulating supply.
#BridgeBetter
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The current roadmap is ADA, BTC, BSC, and ETH
However, along the way, we will build open-source kits for support and integration.
@Ergo_Platform
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🎉 rsBTC has been minted on Cardano and Ergo
Another step closer to the
#Bitcoin
bridge going live!
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We've delivered Cardano the Bitcoin bridge, we need your assistance to deliver Runes!
Rosen Bridge is an open source technology that creates a direct and secure connection between the
#Bitcoin
and
#Cardano
blockchains. This connection is particularly designed to allow the
Calling all Catalyst Fund 12 proposers! 🥁
📣 We're launching an epic Engagement Contest to give YOUR proposal a spotlight on the final Minswap voting list!
To add, the winners ALSO get featured in:
🔹 Medium article
🔹 Educational tweet
How to? 🧵👇
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@IOHK_Charles
We've delivered Ergo
We've delivered the Bitcoin
We're in the process of delivering Ethereum and EVM chains
We will open interoperability for CNTs
We're just getting started! Who/what should we support next?
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Wen Rosen?… Now.
The RSN/ERG pair has been locked on Spectrum and is now live.
This marks the start of our journey. Those of you who have been following the development of this project over the past 2 years.
Thank you!
@ergo_platform
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🔁 Rosen Bridge opening markets!
@liqwidfinance
is requesting input for creating a new liquidity market to support wrapped $ERG for lending and borrowing on the Liqwid protocol
#Ergo
#Cardano
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We have transferred
#Bitcoin
to Ergo and Cardano!
✅ Guard update
✅ Watcher update
✅ BTC transfer test of Guards and Watchers
☑️ UI live - Friday
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The Rosen team has successfully performed test bridging of Bitcoin to Ergo!
#BridgeBetter
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Rosen Bridge user interface to go live in two days!
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Successful tests!
We're now reviewing the keygen docs, once sound we'll initiate the Guard keygen ceremony.
This will be followed by mainnet tests and the official launch of the
#Bitcoin
bridge!
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@cardano_whale
We're just warming up Whale!
Soon we will have Ethereum and EVM bridges, Cardano native asset listings, Bitcoin Rune support, Bitcoin/UTXO forks like Litecoin and Doge and more!
As each network is added, it'll be interconnected with all supported networks 🔥
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Quick update!
#Bitcoin
Chain and UTXO Selector have been implemented and are actively being reviewed!
#BridgeBetter
$BTC
#Crypto
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rsBTC has successfully bridged from Cardano to Ergo!
This test transfer is important as it illustrates the true multi-chain capabilities of Rosen.
As long as there is $BTC locked on
#Bitcoin
, the rsBTC can freely move between all other supported chains!
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#Bitcoin
and
#Ethereum
bridges have commenced development!
Due to ease of integration, it seems the Bitcoin bridge could be delivered earlier than EVM!
💻
#Cardano
#Ergo
#BridgeBetter
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👨💻
#Bitcoin
bridge update!
The Bitcoin explorer, Esplora, is implemented! This means Bitcoin requirements are implemented for the Guard service!
We are now working on wallet support in the app starting with
@xdefi_wallet
, and researching others
💻
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As part of our
#Bitcoin
integration and testing, we have identified a viable path to integrate BTC assets (e.g. Runes)!
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We've experienced a nice little influx of followers since releasing the
#Bitcoin
bridge.
🌹Rosie's?
How should we refer to our community members? Post some suggestions below!
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We are working on many things in parallel.
Research has begun to support
#Bitcoin
on Rosen!
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⏰ The count down is on for the
#Bitcoin
bridge release!
Guard keygen ceremony in the coming days!
Following this, Guards and Watchers will update their services to support BTC, stay tuned for the following steps!
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All major Cardano wallets will be supported in real Rosen launch. Currently, we are in public beta testing.
Rosen chose to support Nami in testing because it is open source and offers auditable assumptions.
@NamiWallet
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The Ergo to Cardano side of Rosen is starting to process transfers
Thank you for your patience!
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Catalyst Fund 11 - EVM bridge proposal successfully funded!
We are extremely grateful for the community support, and the value you believe we bring to the
#Cardano
ecosystem with our opensource bridge
Development has commenced!
#BridgeBetter
#Blockchain
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Update!
Testing of the
#Bitcoin
bridge on private testnet is underway!
#BridgeBetter
#Crypto
#Blockchain
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Rosen Bridge has implemented support for the following
#Cardano
browser wallets
▪️
@NamiWallet
▪️
@eternlwallet
▪️
@lace_io
▪️
@FlintWallet
🔗
#RosenBridge
#DeFi
#Blockchain
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LISTING: rsERG on
#Cardano
rsERG | ADA - liquidity pools have been created on the following Cardano DEX's
▪️
@MinswapDEX
▪️
@spectrumxnet
▪️
@SundaeSwap
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XMR will be delisted by another liquidity gatekeeper,
@Binance
.
In time, Rosen Bridge can open markets to trade $XMR and privacy coins on DEXs
#Monero
#PrivacyMatters
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Rosens
#Ethereum
testnet bridge will start after the Bitcoin bridge is live!
#BridgeBetter
#Ergo
#Cardano
#Crypto
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1,000,000 ERG has bridged to
#Cardano
, exploring the market and DeFi opportunities
💻
#BridgeBetter
#Ergo
#Crypto
#Blockchain
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A part of beta testing is refining the user experience.
Thanks to all the Ergonauts putting time and energy into helping refine the Rosen experience.
@Ergo_Platform
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In the past 24hrs, Rosen has processed 29 transfers, totally 105,000 $ERG ($226,000), from
#Ergo
to
#Cardano
#BridgeBetter
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💡 EVM chain integration
We've designed the required packages and implementation has commenced, beginning with the Scanner!
#BridgeBetter
#Ethereum
#Blockchain
#Crypto
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#Bitcoin
Bridge integration, research is underway!
Our team is investigating and testing different solutions for writing data on the Bitcoin
#blockchain
and what type of addresses are the best to use.
🔗
#RosenBridge
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The Guards have successfully completed the keygen ceremony, essential for running the
#Bitcoin
bridge
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Quick Update!
EVM Extractor that's based on RPC API has been implemented and is under review
The Extractor is used to monitor, retrieve, and analyze data and activity on
#EVM
chains
💻
#BridgeBetter
#Ethereum
#Crypto
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🚨 Rosen 2 layer protection in action
Yesterday, we encountered a fraudulent transfer that used very large fees in a custom locking transaction
👀 This event should have been ignored by Watchers and should not be triggered, though due to a missing check in the Watcher service
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After 2-3 weeks of cross-chain test transactions, the bridge is technically live and the UI could go live at any moment
We're collaborating with Cardano projects to establish initial pairs on
#Cardano
dexes
Stay tuned for more details
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Wrapping up our EVM chain research with the team. A few minor problems to solve, but nothing stopping us from starting to build EVM support.
Ready to make EVM happen. Stay tuned!
#EVM
#Ethereum
#blockchain
#crypto
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Exciting times ahead!
We had a great time presenting our bridge framework as part of the Ergo meetup at
#CardanoSummit2023
.
Thanks for attending!
#Ergo
#Cardano
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Originally we anticipated a potential Guard set of 30. Progression of Rosenet (the Guard p2p layer), we will likely see this extended to approx 100
This will create large thresholds of distributed actors, not seen before in
#DeFi
💻
#BridgeBetter
#crypto
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We wanted to take a moment and thank the community
@ergo_platform
for the support.
We are currently working on educational content and putting together the process for turning on the bridge.
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Expanding use cases for
#Bitcoin
Rosen's imminent Bitcoin interoperability will enable the transfer of BTC between supported blockchains, enhancing the ability to interact across various networks that provide the following benefits
🔸 Increased Privacy
🔸 Increased Utility
🔸
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@cardano_whale
While we're still in the RosenLite era making optimizations, in time
#Cardano
projects will be able to utilize Rosen to access markets and liquidity in other ecosystems such as
#Ethereum
, bypassing CEXs
All with the assistance of the community running Watcher and Guard instances
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Soon we'll cautiously initiate the launch with a limited number of transactions allowing us to address any bugs or issues
Watchers and Guards will handle events, giving everyone a chance to view how the bridge operates before opening the UI to the public
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New! $RSN and $BTC market has opened for trading on
@nonkyc_exchange
!
Trade now!
#BridgeBetter
#Bitcoin
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Thanks for the coverage
@Cardano
!
The bridge between
#Cardano
and
#Ergo
is just the beginning, we will be bridging to
#Ethereum
and EVM, followed by
#Bitcoin
and more!
Watch this space
The latest
#Cardano
Community Digest is now available!
In this week’s edition:
🔹First Decentralized Data Storage Now Live on Cardano Mainnet -
@IagonOfficial
🔹First Ever Cardano
@buidler_fest
Confirmed
🔹
@RosenBridge_erg
Is Now Live Between Ergo And Cardano
Catch the full
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Recent weeks have been pivotal with a security audit, the Bitcoin bridge development and testing and Runes integration plans set.
This focus has slowed the
#Ethereum
/EVM bridge development, but we're now ramping this up!
EVM testing is on the horizon—exciting times ahead!
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You guys are awesome! 27
#Bitcoin
Watchers so far 🔥
Collateral locked
21,600 ERG
810,000 RSN
180 Permits
542,000 RSN
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UPDATE: Successfully deployed production contracts, testing apps
✅ Initial Guard infrastructure setup
✅ Guard keygen ceremony
✅ Multisignature wallet ceremonies
✅ Mint rs* tokens
✅ Deploy production contracts
☑️ Watcher documentation and tutorials
☑️ UI apps released
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Bitcoin Bridge Update
Implementing the following:
◾Scanner based on
#Bitcoin
Esplora Block Explorer API
◾Esplora Observation Extractor
◾Reviewing Rosen-extractor implementation based on Esplora Block Explorer API
#BridgeBetter
#Blockchain
#Crypto
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😲
Just now, someone has transferred 100,505 ERG from
#Ergo
to
#Cardano
#BridgeBetter
#Blockchain
#Crypto
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🧑💻
#Ethereum
/EVM Technical Update!
Bridge support is ongoing and progressing well!
▪️EVM
#blockchain
scanner - Implemented observation extractor
▪️Universal EVM Rosen Extractor - Implemented along with a change to the RPC txn format
▪️Txn validation - Checking
#EVM
fee before
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With the help of the public running our Watcher software, we will provide the opportunity for projects to have access to markets by interconnecting the industry!
💻
#BridgeBetter
#Blockchain
#Crypto
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$SPF is listed on Rosen Bridge!
@spectrumxnet
's SPF is an
#Ergo
and
#Cardano
native token and will be used as the native currency for Spectrum Network!
#Crypto
#DeFi
#Blockchain
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Post-launch, Rosen saw an influx of activity. Unfortunately, this resulted in congestion on the Ergo to Cardano bridge, partly caused by a large number of Watchers with a relatively low permit count
Issue identified, funds are safe, fix being implemented
Statement by
@mhs_sam
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LISTING: rsRSN on
#Cardano
rsRSN | ADA - liquidity pools have been created on the following Cardano DEX's
▪️
@MinswapDEX
▪️
@spectrumxnet
▪️
@SundaeSwap
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We're pleased to share that we have passed an external security audit!
More news to come as soon as we have the official report.
#BridgeBetter
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Various
#crypto
bridges have been exploited for over $2B in losses.
It's time to bridge with better assumptions.
#Blockchain
#DeFi
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#Bitcoin
integration is underway!
EcDSA key management is now supported, a major keystone for integration!
Ongoing integration requires modifications and updates to the current infrastructure and core modules.
#BridgeBetter
#Crypto
#Blockchain
#Cardano
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🌐 Rosen is back online after the major update to increase the Watcher sets.
1999 Watcher IDs are now available for each bridged network. This increases community participation to further aid in the resiliency and security of the platform!
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Rosen Bridge Expanding DeFi: The Benefits of Integrating Proof-of-Work Collateral into DeFi Frameworks
One of the latest proposals in this space is the integration of
#Ergo
's ERG as collateral within the
@liqwidfinance
protocol on
#Cardano
Read more 👇
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@hoskytoken
is listed on Rosen Bridge!
$HOSKY is a
#Cardano
native token and has earned a listing on Rosen Bridge for assisting with beta testing the platform
#Ergo
#Blockchain
#memecoin
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Rosen Bridge is opening the
#Ergo
ecosystem for people and projects to utilize the products and unique features on offer
This also opens opportunities for
#Cardano
and others to bridge assets to their platforms!
#interoperability
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Exchanges have too much power in the crypto industry.
With increasing pressure for KYC, regulatory attacks, and middlemen showing they often lack common sense in business and security practices, alternative competing solutions are needed.
@Ergo_Platform
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UPDATE: Keygen ceremony has been successful, now confirming
Moving onto the multisig setup
✅ Initial Guard infrastructure setup
✅ Guard keygen ceremony
☑️ Multisignature wallet ceremonies
☑️ Deploy production contracts
☑️ Release Watcher documentation and tutorials
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💥 We're getting started to update Rosen to expand the Watcher sets.
Here's what to expect in the next few days! 👇
▪️New config tokens and contracts will be created and deployed (new tokens are internal system tokens and are not something you should care about).
▪️Guards will
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Watcher numbers are growing!
We will see a boost in the
#Cardano
numbers as the SPOs who participated in the workshops start to spin up their instances
Collateral locked
$RSN 1,530,000
$ERG 40,800
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We aim to be the insustry backbone of secure cross chain liquidity transfers, employing and incentivising the public to run services to harden the transfer process.
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🛡️ Guards are a federated group of entities managing the Rosen core
We are proud to introduce our initial Guard set. These entities were selected from within the
#Ergo
ecosystem having made significant contributions and building robust reputations
🧵👇
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🧑💻 As we move towards launch, this week our developers updated the following
▪️Implemented UI event page
▪️p2p node broker message logic
▪️Guard manual TX signing API
▪️Watcher Koios and improved logging
▪️Updated Cardano token IDs in codebase
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👀 Watcher collateral requirements are set!
Each Watcher instance will be required to provide collateral* of
◾800 ERG and
◾30,000 RSN
As well as acquire a Permit** with a further 3,000 RSN
*Collateral is fully redeemable
**Permit can be seized for fraudulent reporting
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The update that will increase the number of available network Watcher slots is ready and undergoing final testing
This will be a multistage update and if all goes well with testing, we will release it in the coming days!
#BridgeBetter
#Ergo
#Cardano
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Rosen is a new design for secure liquidity swaps between
#blockchains
with a 2-layer design:
👀 Watchers report
🛡️ Guards verify
Distributed actors are pivotal in the operation of Rosen, rewards are provided for direct community involvement!
💻
#Crypto
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