Across is an interoperability protocol using an intents-based architecture to enable fast, low-cost, and secure cross-chain transactions. Unlike traditional message-passing solutions, Across relies on relayers to fulfill user-defined outcomes instantly, with a separate settlement layer ensuring secure and verifiable fund transfers.
Value Proposition:
Across provides the fastest and most cost-effective cross-chain interoperability by leveraging intents-based architecture, allowing users to achieve their desired outcomes seamlessly without the complexities of traditional bridging solutions.
Governance:
Governance for Across Protocol began at token launch in November 2022. Proposals follow a lifecycle of ideation, discussion, voting, and execution. Governance platforms include Forum and Snapshot, with oSnap enabling decentralized execution of off-chain voting outcomes via Safe, eliminating the need for privileged signers.
Tokenomics:
The Across Protocol token, $ACX, is an ERC-20 token that allows for decentralized ownership and control of the protocol. $ACX governs the decisions affecting the protocol's function as well as the decisions that manage the DAO’s treasury. Rewrite better
Previous Funding:
In November 2022, the protocol raised $10 million through a private token sale, achieving a valuation of $200 million. This funding round included participation from investors such as Blockchain Capital, Hack VC, and Placeholder Ventures. https://tokeninsight.com/en/news/ethereum-cross-chain-bridge-across-protocol-raises-10m-at-200m-valuation-with-hack-vc-involved?utm_source=chatgpt.com
