Skip Go Fast is now live, enabling fast bridging between EVM <> Cosmos in seconds, with intents settled through Hyperlane.
The previous version of Skip Go featured complex multi-hop routes that would take minutes and had dependencies across multiple chains.
Skip Go Fast leverages the Hyperlane framework to introduce a significant improvement on the bridging experience.
Try it out yourself: go.skip.build
Introducing Skip Go Fast
Skip is launching Go Fast, a decentralized bridging protocol enabling faster-than-finality bridging across the EVM and the Cosmos ecosystem, powered by intents. With one click, users can start from any asset on Ethereum or any Ethereum L2 and end up with any asset on any IBC-connected chain in seconds.
Go Fast will automatically rollout to the Skip Go ecosystem, covering the dozens of dApps, wallets, and bridges leveraging Skip Go for interchain swaps, transfers, and onboarding. This extensive composability enables Go Fast to natively support thousands of tokens and almost 100 chains on launch.
Intents, Powered By Hyperlane
Intents represent an alternative way to transact onchain: users express what they want, and “solvers” execute it on the user’s behalf. Solvers are then repaid by the protocol afterwards through a settlement process.
Example: User wants to swap 100 USDC on Ethereum for 100 TIA on Stride. This complex order can be expressed as an intent, which a solver executes. The user receives 100 TIA on Stride right away, while the solver collects the 100 USDC on Ethereum, plus any earned fees, at a later time.
Intents are similar to how credit cards work today: payments are nearly instant and hassle-free for users, while settlement takes place on the backend.
Here’s how this works with Skip Go Fast:
How Skip Go Fast Uses Intents
Skip Go Fast allows users to simply express their intent on the source chain, while solvers fulfill the intent and deliver the assets on the destination IBC chain.
From a user perspective, the process ends here: they get across chains in a matter of seconds, without dealing with bridging, gas fees, and other complexities.
But what about the other side of the trade — the solvers?
Settlement: Where Hyperlane Comes In
Solvers help users by providing assets upfront, and they need a way to get paid back by the Go Fast protocol. Hyperlane makes this possible.
Here’s how it works in 5 steps:
- When a solver completes a user’s request and wants to begin the rebalancing process, they submit their batch of orders to settle to the Go Fast smart contracts
- Go Fast’s smart contracts then verify the orders the solver wants to settle were filled properly
- Once verified on the fulfillment chain, Go Fast’s contracts send a confirmation message through Hyperlane
- Hyperlane safely delivers this message to the original chain
- Once the Hyperlane message is verified, the solver gets paid back plus their fees
TLDR: Hyperlane helps Skip:Go Fast safely communicate between different blockchains to make sure solvers get paid for helping users.
Why Settle Intents With Hyperlane
Hyperlane’s open framework makes it suitable for a variety of interchain use-cases beyond token bridging, including settlement for intent-based protocols. Building on Hyperlane offers intent-based protocols like Skip Go Fast several key advantages:
Expansion Across the Cosmos (And Beyond)
- With Skip Go Fast, solvers can choose to be repaid on any source chain they would like. Thanks to Hyperlane’s extensive coverage across the EVM and Cosmos ecosystems.
- As Skip Go Fast onboards users to the Cosmos ecosystem, it’s worth noting Hyperlane provides some of the widest coverage of Cosmos chains among major messaging protocols today, including Injective, Osmosis, Stride, Neutron, and Sei.
Cross-VM Interoperability
- With altVMs gaining significant traction and developer mindshare with each passing day, Skip Go may likely need to expand to new ecosystems, which means expanding to new VMs.
- While this is typically a complicated process for applications, Hyperlane’s multi-VM support and adaptability allows Skip Go Fast to reach new VMs beyond the EVM and Wasm in the future, including the SVM, CairoVM, and zkSyncVM.
Permissionless and Modular
- Skip Go was able to easily integrate Hyperlane on their own terms, and deploy their own custom validator set with Hyperlane ISMs.
- At any time, Skip Go can easily configure or modify Hyperlane components to their unique preferences and needs.
For Solvers: Settlement, On Your Own Time
- With Hyperlane powering Skip Go settlement, solvers can settle intents on their own time. No need to wait for other solvers, dealing with protocol-enforced wait times, or dealing with slow rollup bridges.
What’s Next?
Skip Go Fast is now live, allowing users to onboard to the Cosmos ecosystem in seconds.
At launch, Skip Go Fast will enable onboarding from Ethereum and Ethereum-based L2s. With Hyperlane’s multi-VM adaptability, however, Skip Go Fast can easily expand to other major ecosystems like Solana in the future.
Start Skipping Today: go.skip.build
More about Hyperlane
Hyperlane is the open interoperability framework. It empowers developers to connect anywhere onchain and build applications that can easily and securely communicate between multiple blockchains. Importantly, Hyperlane is fully open-source and always permissionless to build with.
