Grants: Bluehelix free cross-chain bridge

Name of Project / DAO / Company

Bluehelix

Application type

Grant,Partnership

Proposal overview

As an open-source service infrastructure, Bluehelix provides FREE and decentralized cross-chain solution based on MPC.Currently supporting Bitcoin/Ethereum/Tron/Doge/Polygon/BSC/Heco chains and 15 cross-chain assets

Our main advantages are as follows

•Decentralized/ MPC-based:
Bluehelix implements MPC distributed private key generation and signature technology (Patented in Europe and the United States). Any user has a completely independent multi-sig address on the corresponding chain.
Users could cross-chain deposit from CEX/Dex/Wallet. The completion of any transaction (deposit/withdrawal) requires the generation of distributed signature and multi-party confirmation, and the processes are fully transparent and can be verified on the Chain.
• Security/Fully audited:
The code passed the audit of SlowMist and PeckShield. (including cryptography). No backdoor, no super admin access.
• Multi-Layer node mode:
Bluehelix proposes the three-layered node model to balance the efficiency and safety. The custody node is supported by several well-known institutions which could rotate flexibly.
•Cross-chain with native assets:
Bluehelix cross-chain process does not involve the exchange of any intermediate assets, nor does it issue any new/wrapped assets.
•None smart contact deployment:
The basic logic of deposit and withdrawal of the Bluehelix is the same as that of the centralized exchange, and safety can be guaranteed after years of testing by the exchange. Bluehelix will not deploy smart contracts in any chain, completely avoiding possible contract attacks.
• Support any form of asset:
Bluehelix provides the cross-chain solution that can support all public chains and any asset without any protocol limitation.
Since the launch of Bluehelix Bridge,(less than2 month),cross-chain funds have surpassed 10 million USDT,the number of independent user cross-chain addresses has reached 1,800 ,the number of cross-chain deposits and withdrawals has exceeded 5,000.
Bluehelix has launched a Cross-chain Incentive Program and will keep launching marketing activities for expanding our market and attracting more users.The funds will be used to support Harmony and doing marketing activities for encouraging more users and projects building on Harmony ecosystem.
For we are integrating with MetaMask.

Metrics for success

Cross-chain funds have surpassed 10 million USDT,the number of independent user cross-chain addresses has reached 2000 ,the number of cross-chain deposits and withdrawals has exceeded 5,000. (Bluehelix was launched for less than 2months).

External links

Official website:

http://bridge.bhexchain.com

2 Likes

Support 7 public chains? Unbelievable!

2 Likes

It could be one of top bridge projects I think:)

1 Like

This is amazing, free cross chain services!

BlueHelix: Community Poll

  • Yes
  • No
  • More info needed

0 voters

For “More info needed”, please Reply to ask your question

Welcome to all new shillers. Welcome @harmony :smiley:

2 Likes

@dori based on the Guidelines to the Harmony Ecosystem Fund, what is the amount you’re asking for?

  1. 500 Launches ($20M). Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit. We recommend a $50K equity-free contribution each: $10K after launching a feature-complete product on our testnet, $10K after mainnet launch, $10K after forming a DAO with its community, and $20K for after 10K users.

@Jacksteroo $30k-50k is suggested that will be used for supporting Harmony ecology and attracting more users. It could be adjustable based on the situation.

@dori apologies for the delayed response

Btw, the guidelines have been updated

  • $10K after launching a feature-complete product on our testnet,
  • $10K after mainnet launch,
  • $10K after forming a DAO with its community, and
  • $20K for after 10K users.

Does the above guidelines work?

We’re also having someone look over your proposal in a bit more detail

1 Like

Would it be possible to share more technical details of the proposal, its implementation, and technical analysis of its innovation? The audit reports only provided limited view of one or two elements of the platform. It would be easier for the readers to verify the claims and compare the benefits against the alternatives if more details can be provided.

Sure/ All technical details could be checked on: Bluehelix Technical Function Manual - Bluehelix Guide

Sure. All technological details could be checked on Bhexchain Gitbook—— Bluehelix Technical Function Manual. (sry I could not attach website link here)

@dori Quick questions

  • Why did you build the bridge in this way, shape and form?
  • What is the underlying p2p used and the consensus protocol? Is it Tendermint-based?
  • Why a sub 4-second finality?
  • There are 11 validators today, how do you plan on expanding that, or is that important?
  • What are the funds going to be used for?
  • Who’s part of the team today and what are their experiences and roles?
  • What are your marketing plans to bring in 10K MAUs?

Thank you for choosing Harmony. We hope to hear a response from you soon.

1 Like

1,We implement MPC patented technology for generating a completely independent multi-sig address on the targeted chain for each user.Users could directly cross-chain deposit the native assets to the custodial address from CEX/DEX/Wallet and withdraw from other chains. The deposit and withdrawal experience are similar with centralized exchange. The cross-chain process does not issue any new or peg/wrap assets, does not deploy any smart contracts.
2,Yes,Tendermint-based.
3, We could achieve a fast cross-chain process based on our technology and protocol.
4,Yes, it is important to keep enough amount of validators, we will attract and invite more famous institutions and authorities through sharing our profits.
5,We will used for expanding our markets, setting up incentive program for users, upgrading our products.
6,Cody, CTO, Ex-developers of Webank Baas block chain platform, Ex technical director of Tencent QQ game(, responsible for the overall architecture);have rich experience in blockchain related cryptography, storage and consensus technology in distributed service architecture.
7,We are totally free for providing cross-chain services and launched an incentive program for giving reward for encouraging more users. Also, we will launch a LP plan for encouraging users to provide liquidity.

1,We implement MPC patented technology for generating a completely independent multi-sig address on the targeted chain for each user.Users could directly cross-chain deposit the native assets to the custodial address from CEX/DEX/Wallet and withdraw from other chains. The deposit and withdrawal experience are similar with centralized exchange. The cross-chain process does not issue any new or peg/wrap assets, does not deploy any smart contracts.
2,Yes,Tendermint-based.
3, We could achieve a fast cross-chain process based on our technology and protocol.
4,Yes, it is important to keep enough amount of validators, we will attract and invite more famous institutions and authorities through sharing our profits.
5,We will used for expanding our markets, setting up incentive program for users, upgrading our products.
6,Cody, CTO, Ex-developers of Webank Baas block chain platform, Ex technical director of Tencent QQ game(, responsible for the overall architecture);have rich experience in blockchain related cryptography, storage and consensus technology in distributed service architecture.
7,We are totally free for providing cross-chain services and launched an incentive program for giving reward for encouraging more users. Also, we will launch a LP plan for encouraging users to provide liquidity.

@Jacksteroo here is the answer, thanks!

Hi @dori we applaud you for the technology put in place including building out your own Chrome extension. Harmony isn’t the right strategic partner for you to help Bluehelix grow horizontally. For this reason, we won’t be able to proceed with funding the partnership.

Partnerships: Owners of each partner drive business and corporate development. Harmony commits to cross-chain adoption with industry-leading projects. We recommend $3-5M for each liquidity or marketing campaign over 6-12 months, $5-10M for each acquisition of small teams, and $1-3M for seeding a regional or thematic subsidiary

Thank you for looking into our ecosystem program. We wish you the best.