O3 Swap was developed by a team, dedicated to creating an interoperable aggregator for Web 3.0, that provides a one-stop solution for cross-network trading.
O3 Swap — a proprietary cross-chain aggregation protocol, created by O3 Labs. The mission of O3 Swap - to provide consumers with access to cryptocurrency-based financial services by allowing them to exchange various digital assets in their O3 wallet. The advantages of this design include the high level of security and protection inherent in a decentralized model for storing and protecting assets.
The platform also provides "cross-chain" swaps to conduct exchange settlements without considering the limitations of a typical isolated Blockchain network. The term "cross-chain" comes from the fact that an exchange is performed after going through two or more separate blockchain networks. In a cross-chain exchange, the source and destination assets are placed on two isolated blockchains that do not interact with each other.
Distinctive features:
| 1. | In any environment, anyone can access O3 Swap without permission and KYC verification. |
| 2. | Users can exchange assets at the lowest rate and through the most efficient trading route - this is achieved by connecting their own decentralized wallets. |
| 3. | Users can freely exchange assets with multiple chains with a single click. |
New cross-chain mechanisms Swap and Bridge allow for simple transactions with a single confirmation. In addition, they will be able to support more EVM-compatible chains and tokens. Separately, the O3 Labs team will also provide a filling station to address the issue of gas fees in each network.
The O3 Swap Token (O3), issued by O3 Labs, represents all O3 products and is also a critical intermediary to drive their development. With the exception of trading on exchanges and some airflow events, there are two main ways to earn O3 tokens: providing liquidity in liquidity pools and participating in governance voting.