Overview

Fabriq is a protocol and infrastructure for interchain composable financial instruments unlocking universal DeFi: any asset, any chain, at any time, providing universal fungibility of assets that transcends chains. The Fabriq is constructed to provide agency to all parties in every financial interaction, cutting out uninterested parties (e.g., MEV searchers), ensuring incentive-compatibility.

Fabriq is built with everyone in mind: users looking to swap, lend, borrow, or exchange derivatives; wallets, looking to expand the offerings they have for users; AI agents and applications, looking to provide or exchange interchain financial products on behalf users; even financial institutions looking to trade positions, find liquidity, or enter complex arrangements.

The Fabriq protocol enshrines intent and commitment as foundational constructs providing reliable counterparty discovery, sufficient trust, and efficient execution. Intent is the honest expression of price preferences for outcomes. Commitment is a functional mechanism of ensuring execution to preference or its reversion, establishing trust between the parties involved.

The Fabriq protocol provides a system of credible commitment devices as well as a set of extensible intent-centric primitives for the construction of interchain financial instruments. Together with flexible intent propagation, this allows for scalable, collaborative matching of price preferences.

Fabriq provides Universal Exchange (UnEx, “yoon-ex”) and Universal Assets Issuance (UnAI, “yoon-aye”).

Universal Exchange (UnEx) is an interchain asset orderbook which provides counterparty discovery, orchestration and settlement for interchain assets. The Universal Exchange Book provides a venue for tendering, issuing and settling various interchain instruments, including swaps, bonds, options, and futures.

Universal Asset Issuance provides native interchain assets to allow applications to meet users on their chain preferences, allowing the value of applications to be portable.

This work began as academic research conducted at RDI (UC Berkeley) and is backed by Factor, Permutation, MH Ventures, Tykhe Block Ventures, Oasis, and the Ethereum Foundation.