How does Helix work?

Liquidity Hub

Despite the progress in modular blockchains, innovations leading to improvements in cryptography, scalability and the versatility of dApps. challenges still persist—such as fragmented liquidity on Ethereum and inadequate cross-chain solutions. Helix addresses these issues through a multifaceted approach:

Helix UniRollup: An L2 that assists in the vertical and horizontal liquidity integration for the modular blockchain stack, Helix aims to harmonize liquidity across layers. This allows seamless liquidity flow between different blockchain environments.

Helix Vault: Users stake compatible assets in the Helix Vault on multiple L1s. In return, they earn Helix points alongside native LST/LRT yields. This dual reward system enhances liquidity and contributes to additional utility and use cases for a plethora of canonical L1 assets.

Helix OmniVM AVS: Helix’s AVS that facilitates the streaming of liquidity to emerging Layer 3 (L3) and Layer 2 (L2) solutions built with altVMs and parallelized EVMs, and allowing Helix to position itself neutrally in the blockchain landscape.

What is Helix UniRollup?

Helix UniRollup is a zkEVM L2 settling on Ethereum. It is built on Polygon CDK, inheriting the benefits of AggLayer. Along with Polygon CDK, NodeKit and Gevulot facilitate shared sequencing and decentralized proof generation, enhancing security and decentralization and providing composability and interoperability. AvailDA and EigenDA ensure data availability, maintaining scalability and security.

Helix UniRollup is designed to be composable and interoperable at its core, allowing seamless integration of dApps and protocols. It serves as the hub for EigenFi, enabling asset transfers across Layer 1 blockchains and throughout modular layers. Additionally, Helix maintains compatibility with popular Ethereum apps, making it an ideal solution for hosting EigenFi and fostering a vibrant DeFi ecosystem

What is Helix Vault?

The Helix Vault plays a pivotal role in our ecosystem by connecting with existing L1 and L2 blockchains. Token holders convert their native L1 staked assets into liquid derivatives, enabling them to receive continuous PoS staking rewards while still participating in other on-chain activities. These LSTs and LRTs are then able to be securely locked up in the Helix Vault. By doing so, users not only earn additional Helix points but also contribute to bootstrapping liquidity for Helix UniRollup. As a result, Helix UniRollup emerges as the central liquidity hub for EigenFi, facilitating future liquidity sharing across Layer 2 (L2) and Layer 3 (L3) solutions built using alternative virtual machines (altVMs) and parallelized EVMs

What is Helix OmniVM AVS?

Helix’s OmniVM AVS is a VM agnostic SDK Liquidity as a Service (LaaS) protocol that facilitates the transfer of liquidity in and out within the L2, L3 ecosystem. As Ethereum’s modular blockchain ecosystem starts to include new virtual machines such as altVMs and parallelized EVMs, Helix’s OmniVM AVS will ensure vertical liquidity defragmentation.I As different and innovative zkEVM, altVM and parallelized EVM popularize, Helix’s OmniVM AVS provides further resources in solving the ‘cold start’ problem in addition to those inherent to being part of the modular blockchain stack. By utilizing Helix’s solution, future L3s benefit from Helix’s existing user base and liquidity, freeing them to focus on other aspects of their product.

Helix’s OmniVM AVS is a Virtual Machine (VM) agnostic Software Development Kit (SDK) for liquidity-as-a-service (LaaS) protocol. Its primary function is to facilitate seamless liquidity transfers within the Layer 2 (L2) and Layer 3 (L3) ecosystem. As Ethereum’s modular blockchain landscape evolves to include virtual machines beyond EVM (such as altVMs and parallelized EVMs), Helix’s OmniVM AVS steps in to address the challenge of vertical liquidity fragmentation.

Benefits of OmniVM AVS

Vertical Liquidity Defragmentation: By bridging liquidity gaps across different VMs, OmniVM AVS ensures that assets flow smoothly between various layers. This defragmentation enhances overall liquidity efficiency.

Solving the ‘Cold Start’ Problem: As innovative zkEVMs, altVMs, and parallelized EVMs gain popularity, projects often face a “cold start” challenge—building resources from scratch. Helix’s OmniVM AVS provides additional resources to tackle this issue, complementing the inherent benefits of being part of the modular blockchain stack.

Empowering Future L3s

By leveraging Helix’s existing user base and liquidity, future Layer 3 solutions can focus on their core product development without the initial liquidity hurdles. OmniVM AVS acts as a bridge, allowing these projects to tap into an established ecosystem.