FAQ

Who are building it?

• LevX: Founder, Architect / Entrepreneur and full-stack developer with 10 years of experience. Skilled in building several DeFi protocols. / ex. SushiSwap Core Dev

• 0xMaki: Advisor, BD / Advising Aura Finance and building Heroglyphs / ex. SushiSwap General Manager

• Ayoki: Marketer, BD / ex. SushiSwap Marketer, Across Bridge Marketer

• GoldPnda: Frontend Dev. / Senior frontend engineer with over 8 years of experience in web development and 3 years building DeFi and NFT project / ex. DeFi Co-founder

• Geven: Finance / An expert with 8 years of experience specializing in financial audit, FDD, and valuation at one of the Big Four accounting firms. / ex. Accountant

What does Counterfactual mean?

"Something that could or would be true, under differing conditions." Under better conditions, traders would trade and retain assets on L1. Counterfactual makes this possible, by allowing users to take advantage of L2 benefits with L1 assets.

What is “asset mirroring”?

By utilizing LayerZero, cross-chain messages, not tokens, are sent to L2s to represent your L1 asset value, to be utilized for Counterfactual composability.

Why is asset mirroring better than bridging?

Bridged tokens use different addresses per chain, so dual token capitalization on multiple chains is impossible. Bridging lowers capitcal efficiency by requiring assets to be always ready on both sides while.

Is it only better than bridging?

No, Since Counterfactual creates a mirrored L2 ecosystem so existing Mainnet protocols are required to be forked on L2s, which are already in our roadmap.

Is composability also achievable on Counterfactual?

Counterfactual AMM and Money Market protocols are part of the initial launch, to achieve ecosystem composability, and we’re partnering with Ethereum’s leading protocols to bring them as well.

Wouldn’t L1-only deposit/withdrawal be inconvenient for users?

Our roadmap includes a v2 upgrade that will include L2 deposit / withdrawals that still benefit from L1 yield accrual.

What is the Counterfactual's end game?

Solving the scalability problem of Ethereum in fundamental way, where L1 is used for settlement layer while L2s for execution layers, yet not creating liquidity fragmentation at all.