WeMeta
Welcome to documentation for WeMeta and WeMeta Network
WeMeta is a project focused on connectivity and reducing friction. We started at a unique intersection of community and exchange in the decentralized gaming space, and ran into a lot of friction. Namely, there was no data, there was no connectivity, and there was no liquidity. Our focus has become reducing those frictions, and enabling connectivity.
WeMeta Network
WeMeta Network is lightspeed ZK Coprocessor and enables cross-chain messaging.
ZK Coprocessors are the most promising yet least defined category of the ZK Ecosystem, and that's not their fault. Technically, any L2 and most Smart Contracts are Coprocessors of L1s. What defines a Coprocessor are its attributes and the problem(s) it solves.
WeMeta Network solves the problem of accelerating cross-chain connectivity with off-chain inputs.
GPU-Accelerated
The network runs on top of GPUs to accelerate the speed of transactions
Parallelized
Transactions are executed in parallel across multiple threads to increase throughput
Zero Knowledge
ZK Proofs are used to improve security and preserve the privacy of data being sent across the network.
Cross-Chain
The network can connect to other blockchains and networks instead of being isolated or dependent on external bridges.
WeMeta Network Guardians are sophisticated actors like Bitcoin miners, data centers, asset managers, and more. WeMeta offers staking services for supported networks, and the protocols built on those networks, and help validate WeMeta Network.
Any computer can run a light client and connect to the network.
Network Components
Let's break down the components of the WeMeta Network. Here is a high level diagram of the WeMeta Network.
Blob DA Lake
WeMeta Blob DA Lake provides access to the entire verified history of each supported network, and offchain data. That data is ZK verified to ensure accuracy and source. Data is available in the Blob DA Lake within 5 seconds of finality, and is queryable with SQL or GraphQL.
Rapid DA Lake
WeMeta Rapid DA Lake provides real-time data (<10ms ping) for all supported networks from the last 6 hours. Transactions more than 6 hours old are not available through the Rapid DA Lake.
WeMeta works with leading validators to achieve ultra-low latency. Data is queryable with SQL, GraphQL, and web-socket.
ZK Network
WeMeta Network is a Zero Knowledge network, meaning transactions are secured with advanced encryption. WeMeta's general purpose zkVM is optimized for rapid response live operations, pairing well with games, exchanges, payments, and communications.
Bridge
Speed and security should be complementary. That is what we believe and build to achieve. WeMeta's omni-chain bridging supports transfer of data (assets, messages, information) to and from the WeMeta Network. Its ability to integrate onchain and offchain into a single instance unlocks boundless possibilities and potential advancements for blockchain technology.
Network Use Cases
DeFi + AI
The diagram from earlier outlines an example of the WeMeta Network being used to pass a message from a DeFi Pool on the Ethereum Network to a deep neural network (DNN) trading AI (autonomous agent) on the Binance SmartChain Network.
The DeFi Pool is sending this message because some event happened, and the message is going to use the WeMeta Network to add external information that does not exist on the Ethereum Network or Binance SmartChain Network.
Specifically, the message will request:
The state of a wallet on the Injective Network
A summary of a shared news Wiki that will be used as RAG input for the DNN Trading AI
The message is also transferring 1 ETH.
Once the message has been sent, here is how it all plays out...
WeMeta Network will utilize The Graph to query the wallet balance on the Injective Network
WeMeta Network will utilize Chainlink to connect the summary of the Wiki back onchain
Both of these actions will utilize WeMeta's ZK Network to secure and verify that the computation was done correctly and without revealing to anyone what the requests were
These actions happen at the same time. They could happen at different times if the sender requests that
WeMeta's ZK Network compresses the results to minimize the usage of onchain storage
Results are delivered to the DNN Trading AI on Binance SmartChain Network exactly as specified
Stable's USDS
USDS, the real estate backed stablecoin released by Stable, is built on top of the WeMeta Network. USDS's real estate backing comes from liens (loans) against real estate assets.
USDS utilizes WeMeta ZK to prove offchain reserves by verifying that both the 3rd party appraisal and LTV of the loan are within the reserve requirements to keep USDS overcollateralized 80:100 by the real estate assets backing it.
Loan repayment is currently handled offchain, so, as loans are repaid, USDS's reserves are proven against the cash and cash-equivalent balances of Stable's accounts.
Stable further publishes live proof that the real estate asset values are above the loan amount by verifiably sourcing daily data from multiple independent sources.
Other Network Usage Examples
Slashing
Other networks can evaluate and reward protocol participants trustlessly with ZK-verified onchain data. This opens the door to dynamically defined incentive mechanisms for multi-chain protocols.
Acceleration
Any network or protocol can utilize WeMeta ZK to compress their onchain data. This accelerates transactions and decreases the risk of gas wars.
MEV
WeMeta's rapid verified data lake can be used with WeMeta Network to define and execute MEV, staking, and DCA strategies across protocols.
Next: Network Participants
In the next section we will cover the Participants of the WeMeta Network and the role each plays.
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