Powering Intents and Chain Abstraction with SEDA

Learn how SEDA powers frameworks for Interoperability.

With SEDA, developers can deploy powerful frameworks, called Oracle Programs, to access the chain state of any network in a permissionless manner.

SEDA fits into the settlement and execution part of the intent stack. SEDA is perfectly designed to provide the technical framework for facilitating settlement for intent escrows. When an Intent is processed on the target network, a data request is forwarded to the SEDA Prover Contract. This sends instructions to the Intent Settlement Program on SEDA to query a selected set of RPC providers that monitor the chain state and events of contracts on the target network. If the Solver successfully filled the user’s intent, then SEDA will provide a proof that allows the escrow issuer to trigger an unlock.

Resource efficiency and speed are crucial factors when Solvers are evaluating protocols to participate in. Leading intent-based bridges today can feature 2-4 hour dispute windows for settlement, locking Solver’s funds and reducing the potential earnings and rate at which capital can be redeployed. With SEDA, Intent protocols can theoretically lower settlement time to 15 seconds, enhancing resource efficiency for Solvers and increasing security for protocols, solvers, and users.