O3 Swap - a proprietary internetworking protocol, created by O3 Labs. It is needed to access cryptocurrency-based financial services.
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O3 Swap functions
O3 Swap allows customers to exchange various digital assets in their O3 wallet. The advantages of this design include the high level of security inherent in the decentralized model for storing and protecting assets. The platform also provides "cross-chain" swaps for exchange settlements without considering the limitations of a typical isolated Blockchain network.
When exchanged between chains, the source asset and the target asset are deployed on two isolated blockchains that do not support communication processes. In light of the progressive development of Decentralized Financial Protocols (DeFi) and increasingly mature markets for lending, exchange, derivatives, and more, the O3 protocol provides universal aggregation.
Mission of the O3 Swap
The mission of O3 Swap - to provide a more efficient and simpler trading method to compare different exchanges in leading chains and find the most profitable rates for users. In addition, cross-chain protocols are being implemented to connect different blockchain networks, allowing users to exchange assets without regard to network isolation.
This protocol uses a four-tiered structure to ensure the integrity and symmetry of information in a liquid market.
| Network layer | O3Swap brings together high-quality public networks and ecological chain systems in the market as the core of the Internet Protocol. This includes Ethereum, Binance Smart Chain, Neo, Huobi ECO Chain and creditworthy Level 2 projects to enable cross-chain trading. |
| Market liquidity | combining various sources of liquidity, using this protocol, allows the platform to identify and recommend the best exchange quote for users. |
| Settlement level | based on the authorization of the signature of the private key, the transaction is calculated through a smart contract. In addition, cross-chain protocols and cross-chain pools will help users to carry out asset exchanges and mutual settlements. |
| Application layer | provide developers with a complete service API for integration into various applications and provide users with a convenient and operational platform. |
As a result, the consumer has a safe and efficient trading environment.
Additional information
Thanks to the Audit, you can make sure that the platform is secure. All written documentation is available at LitePaper. You will also be able to see future updates on RoadMap. Subscribe to the community on social networks RoadMap.иПодписывайтесь на сообщество в социальных сетях: twitter, telegram, medium, discord, youtube. This way you will stay up to date with all news. All information on this platform is on the GitBook.