TOKI is an IBC-enabled cross-chain bridge connecting Ethereum, BNB Chain, Cosmos, L2, and other major blockchains. It extends IBC to non-Cosmos blockchains by replacing light client verification with a multi-prover model that combines Intel SGX and Multi-Party Computation (MPC), ensuring secure interoperability with reduced verification costs. ^[1]

Overview

TOKI enables seamless cross-chain transfers of native assets with a single click, using Multi-Prover Security in IBC and a Unified Liquidity Pool for efficient capital use. Liquidity providers benefit from reduced risk, as TOKI's single-sided liquidity pool prevents impermanent loss and protects funds with advanced security. The platform maximizes transaction flow, composability, and chain support, offering high returns and efficient use of capital. For users, TOKI guarantees successful transactions or prevents them from starting, eliminating uncertainty. It supports transactions of any size across blockchains with fast speeds and low costs, depending on the source chain's finality. ^[2]

Features

Multi-Prover Security

TOKI employs a multi-prover security model in IBC, combining TEE and ZK for enhanced fund security with minimal costs and latency. IBC provides a standardized protocol for interoperability between blockchains, featuring a transport layer for reliable packet relays and an application layer for building cross-chain applications. The protocol separates messaging and verification, with on-chain light clients verifying each chain's state. Efficient state transition verification and relayer mechanisms ensure secure and reliable cross-chain communication. TOKI’s messaging layer adheres to IBC standards, and with support from Interchain Foundation, IBC-Solidity has been developed to extend IBC to EVM-based blockchains. ^[1][4]

Unified Liquidity Pool

TOKI provides unified liquidity, allowing users to swap native tokens in a single transaction while enhancing liquidity providers' capital efficiency. It operates with single-sided liquidity and virtual token pairs, ensuring successful transactions by confirming sufficient balances on the destination chain before processing. Existing liquidity assets can be used to create virtual token pairs when new tokens or blockchains are added, improving capital efficiency. Existing pools can instantly form virtual pairs without additional fund deposits when a new pool is introduced, preventing liquidity fragmentation. Additionally, TOKI Liquidity eliminates impermanent loss due to its single-sided structure. ^[1][4]

Third-Party App Layer

TOKI infrastructure provides high composability in messaging and liquidity layers, simplifying cross-chain transactions for swaps, transfers, NFT purchases, lending, and other applications. Notably, TOKI integrates with Progmat, a platform enabling the issuance of stablecoins that are compliant with Japanese law, allowing it to function like USDC's CCTP for seamless stablecoin transfers across chains. ^[1][4]

Tokenomics

TOKI will feature three types of tokens: LP tokens, TOKI tokens, and veTOKI tokens, similar to other decentralized exchanges like Uniswap, Curve, and Stargate. LP tokens are issued for deposits into liquidity pools, allowing holders to receive a portion of protocol fees. TOKI tokens are distributed based on LP tokens deposited into farming contracts, and holders will eventually receive fee discounts for swaps. veTOKI tokens are earned by staking TOKI tokens for specific durations, with time-weighted voting power based on the length of the staking period. ^[1]

Partnerships

• Datachain
• MUFG
• Noble
• LCP
• Oasys
• XION
• Progmat
• Succinct
• Interchain Foundation
• Union
• Composable Finance
• Confio
• Landslide
• Strangelove ^[3]