Last week, Omni revealed that Symbiotic would be the first protocol to leverage Omni for cross-rollup deposits into its protocol on Ethereum L1. To dive deeper into this exciting development, we sat down with Tyler Tarsi, CTO of Omni Labs.
Users and capital are scattered across Ethereum. This began in 2021 with the launches of Arbitrum and Optimism and the problem has intensified as Ethereum's rollup-centric roadmap manifests.
The industry’s traditional solution was to encourage developers to build cross-chain applications, but this forces developers to grapple with distributed state and manage cross-chain complexities for their users. Our experience working alongside hundreds of teams in the Ethereum ecosystem has made one thing clear: developers want to avoid these burdens. We solve this problem.
Omni enables teams like Symbiotic to tap into Ethereum’s rollups ecosystem, accessing users and liquidity, without requiring any modifications to their existing contracts on Ethereum L1 nor the deployment of new ones.
Traditionally, building cross-chain applications required developers to modify their core smart contracts to enable cross-chain functionality. Every change to an application’s onchain logic demands a new audit to ensure a secure deployment—a process that can take anywhere from one to six months, depending on the auditor’s availability and the complexity of the updates. Not to mention significantly increasing smart complexity, something every dapp developer wants to avoid.
With Omni, developers can bypass these challenges entirely. There’s no need to alter smart contracts to achieve cross-rollup functionality. Instead, integrating Omni is as simple as making a minor frontend update using the Omni SDK. This connects the application to the Omni solver network, which takes care of cross-chain complexities on behalf of both users and developers.
With Omni integrated, Symbiotic can meet users wherever they are. Previously, if a user wanted to deposit into Symbiotic but had funds on a rollup, they had to manually bridge their assets and deposit them on Ethereum L1. Now, users can deposit directly into Symbiotic without ever leaving the Symbiotic website—no need to switch networks, manage gas on Ethereum L1, or endure long wait times.
Adding Symbiotic as a restaking provider allows the Omni protocol to improve its product by: 1) increasing the amount of capital that can secure the network 2) diversifying across multiple providers and reducing risk. Restaking is a fundamental component of Ethereum’s future, and we’re committed to working with top providers to keep Omni as secure as possible.
Ethereum has faced increasing competition from monolithic smart contract networks like Solana, which offer users low-latency transactions, minimal fees, and a reduced reliance on bridging. To stay competitive and deliver a competitive, frontier user experience, the entire Ethereum ecosystem needs to feel unified, as though it operates on a single chain. Omni’s approach makes this possible, enabling users to interact with applications like Symbiotic effortlessly, without needing to worry about where those applications are deployed.
At Omni, our mission is to empower developers to create applications that can reach the entire Ethereum ecosystem. We keep a close eye on where user activity is most concentrated across rollup ecosystems. To start, we’ll support Arbitrum, Optimism, and Base, as these networks have shown the most significant traction so far. As new ecosystems emerge, we’ll continue to monitor their growth and expand our network support accordingly.
Omni is the abstraction layer for the Ethereum ecosystem, allowing developers to access all the users and liquidity across rollups without upgrading their smart contracts. With Omni, using Ethereum and all of its rollups feels like a singular chain — no bridging, switching RPCs, or gas management. Omni achieves this through coordinating a network of solvers who handle all cross platform complexities.