SNXweave Weekly Recap

Grants Council

Present at the January 6, 2022 Grants Council meeting:
Grants Team: beachmom, CT, cyberduck, Mike

Ambassador Council

Present at the January 4, 2022 Ambassador Council meeting:
Ambassadors: GUNBOATs, Matt, MiLLiE

  • Slow relayers basically go and tell the pool about your loan request, then you have to wait about 2 hours for disputers to check that there is actually an L2 deposit that corresponds to this relay.
  • Fast relayers, on the other hand, will verify it themselves and instantly front you the money, and the pool will pay THEM back instead. This allows these transfers to be effectively instant, and if the fast relayer is wrong, then THEY lose out on the money, not the pool (meaning the liquidity providers are not exposed to the risk). This is not only a really nice UX feature, but it also allows these fast transfers to happen without having to trust some centralized party.

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