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Uniswap Launches Compact v1 for Trusted Cross-Chain Token Actions

Uniswap Labs introduces Compact v1, an ERC-6909 contract aimed at addressing cross-chain liquidity fragmentation through secure, reusable resource locking, with early adoption by LI.FI and Rhinestone.

UNI

Fact Check
The statement is confirmed by multiple sources, including a primary announcement from the official Uniswap Labs X (Twitter) account. This announcement is corroborated by several news articles (Phemex, SoSoValue) and the existence of an official Uniswap GitHub repository for 'The Compact'. The evidence consistently states that 'Compact v1' has been launched to facilitate cross-chain operations and swaps.
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Summary

Uniswap Labs has launched Compact v1, an ownerless ERC-6909 contract designed to reduce cross-chain fragmentation by enabling reusable resource locks for secure, composable cross-chain operations. Key components include allocator, arbiter, tribunal, and envoy. LI.FI and Rhinestone have adopted it, and after multiple security reviews, a full audit report will be released. The project is also part of Uniswap's bug bounty program.

Terms & Concepts
  • ERC-6909: An Ethereum token standard designed to define multi-token management with improved efficiency and security.
  • Resource Locks: Mechanisms that securely manage asset state and usage across systems or chains, preventing conflicts or duplication.