Understanding Bridging Mechanisms
The mev-commit chain utilizes a standard bridging mechanism to ensure a secure and efficient transfer of ETH between mainnet Ethereum and the mev-commit chain. We envision mev-commit to eventually integrate with a multitude of interoperability protocols (think wormhole, layerzero, etc.). In the meantime Primev has implemented its own lock/mint bridging protocol as described below.Lock/Mint Peg
Native ETH on the mev-commit chain maintains a 1:1 peg with ETH on L1. The only way to mint ETH on the mev-commit chain is to lock an equivalent amount on L1. ETH can be burned on the mev-commit chain to release/receive an equivalent amount on L1.Security
There are inherent security assumptions in bridging ETH to the mev-commit chain. While these are similar to other bridge trust assumptions, we’ve listed them below:- Liveness of the bridge relayer actor.
- POA signers that maintain mev-commit chain state.
- Correctness of Primev’s standard bridge protocol and integration into the mev-commit chain.