FAQ

What is AllSet?

AllSet is an application for light-speed asset movement across any chain. It acts as a universal liquidity layer that lets users deposit, withdraw and swap assets across chains, with all interactions verifiable due to AllSet being built on Fast.

How does AllSet compare to traditional bridges?

Traditional bridging in Web3 usually involves locking and minting through centralized entities such as Circle, etc. Using these entities it can take up to several minutes for a single asset to be bridged from one chain (L1/L2) to another.

AllSet acts as a universal liquidity layer, with liquidity pools on all chains (L1/L2) it is connected to. Deposit and withdrawal are done at light-speed and verifiably due to the infrastructure provided by Fast.

How do AllSet and Fast interact?

AllSet uses Fast as a universal liquidity ledger.

AllSet monitors chain activities and generates the appropriate claims and proofs for asset representations to be minted, burnt, or moved. However, these operations happen on Fast.

Finally, AllSet relays from Fast to chains the intents for execution, such as withdrawing or swapping assets, and verification.

Can AllSet use another L1/L2 instead of Fast as a universal liquidity ledger?

Yes. The idea behind AllSet is general and it is not strictly tied to Fast.

However, the advantage of using Fast as the universal liquidity ledger is that deposit from/withdraw to different chains can be processed in parallel to increase the overall throughput. Moreover, when assets are "bridged" to Fast, they are performed at light-speed.

As such, Fast is the ideal solution for AllSet to connect and provide interoperability between chains.

What wallets do you currently support?

To access assets on Fast, please use the Fast Wallet extension.

To access assets on any chains connected to AllSet, EVM compatible wallet applications such as MetaMask, Phantom, etc., are supported.