Uniswap Labs launches 'Compact v1' system to address blockchain fragmentation

Uniswap Labs launched "Compact v1" on Thursday, aiming to reduce cross-chain fragmentation. The system enables secure and reusable resource locking across different blockchain networks, providing developers with a shared framework for customizable and composable systems. Compact is an ownerless ERC-6909 contract used to manage resource locks. Its core concept is to allow initiators to deposit tokens to create resource locks. These locks are controlled by the initiator and can support multiple verifiable "compacts" with specified asset claim conditions.