🌉Asset bridge and storage

Haven1's Asset Bridge and Storage system is designed to ensure secure and efficient handling of digital assets within the Web3 environment. This page outlines the key features and functionalities of the system, focusing on safety, transparency, and user convenience.

Cryptographic Attestation and Audits

• Security Measures: Haven1 utilizes cryptographic attestation and regular audits to ensure the secure custody of assets on the blockchain.

• 1:1 Verifiable Asset Backing: Every asset on Haven1 is backed 1:1, providing users with constant access and transparency regarding their holdings.

Importance in Web3: These measures are essential in the Web3 space to maintain user trust and the integrity of asset holdings.

Secure and Transparent Bridge

Haven1’s bridge system enables the movement of tokens between Haven1 and other blockchains.

Whitelisting and Approval

• Controlled Access: Integration of tokens from other blockchains into Haven1's ecosystem is contingent upon a thorough whitelisting and approval process, ensuring only secure and vetted assets are supported.

KYC and Deposit Process

• KYC Requirement: Mandatory KYC verification for users precedes any deposit activities, establishing a foundation of trust and security.

• Bridge and Asset Status Monitoring: The bridge's operational status is closely tied to the Fireblocks API, providing real-time updates and monitoring of asset transfers.

Asset Transfers and Withdrawals

• Deposits and Issue of Backed Tokens: Following deposits on Fireblocks, the server issues corresponding backed tokens on Haven1, streamlining the asset transfer process.

• Withdrawal Process: Withdrawals from Haven1 are subject to rate limits and delayed mechanisms, handled securely through Fireblocks to ensure orderly and safe transactions.