L1 > L2

Pheasant Network has chosen a different mechanism for L1-to-L2 transfers from the L2-to-L1 design, which comes with a tradeoff of minor complexity because the L2-to-L1 model is not cost-effective enough for token transfers from Layer 1 to Layer 2 from the users’ perspective as it requires an escrow contract on Layer 1.

Default

1. A relayer deposits liquidity to the BondManager contract (Layer2 Bridge Contract).

2. A user sends assets directly to relayer’s EOA on Layer 1, which triggers the bridging process.

3. The relayer generates proof of the transaction made in 1 from its transactional hash and registers it and send asset through the PheasantNetworkBridgeChild contract.

In the event of fraud

Unlike processing from Layer 2 to Layer 1, in the case of processing from Layer 1 to Layer 2, if the relayer does not send assets to the user on Layer 2 after a certain period of time has elapsed since the user sent assets to the relayer, it is possible to execute a slash.

Sequence Diagram