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34 lines
1.4 KiB
Markdown
34 lines
1.4 KiB
Markdown
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# Serai
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Serai is a decentralization execution layer whose validators form multisig
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wallets for various connected networks, offering secure decentralized custody of
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foreign assets to applications built on it.
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Serai is exemplified by Serai DEX, an automated-market-maker (AMM) decentralized
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exchange, allowing swapping BTC, ETH, USDC, DAI, and XMR. It is the premier
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application of Serai.
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### Substrate
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Serai is based on [Substrate](https://docs.substrate.io), a blockchain framework
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offering a robust infrastructure.
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### Smart Contracts
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Serai offers WASM-based smart contracts. All applications are built over these
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contracts, enabling composable interactions within a mutual layer. These
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contracts are primarily written in [ink!](https://ink.substrate.io/), a
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framework for building contracts in Rust.
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Initially, smart contract deployment will not be enabled. Solely Serai DEX will
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be available, due to the variety of economic considerations around securing the
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multisig. Serai may expand in the future with more explicitly added
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applications, each with tailored economic models, or may enable arbitrary
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contract deployment. At this time, we solely plan for Serai DEX's availabiliy.
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### Application Calls
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Applications, such as Serai DEX, may be called via calling their relevant smart
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contracts. At a low level, this is done via specifying the address of the
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contract being interacted with, along with SCALE-encoded calldata.
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