💫Cross Chain Swaps
Building the galaxy looks like...
Last updated
Building the galaxy looks like...
Last updated
Interport's Cross-Chain Swap feature is at the forefront of blockchain interoperability, enabling users to effortlessly swap assets across different chains. This innovative solution ensures that users can perform any swap, whether within the same network or across different networks, while securing the best possible rate for their transaction.
The protocol leverages cross-chain messages to communicate with contracts on other chains and construct transactions. Users can always be confident in the precise amount of desired digital assets they will receive on another chain. Say goodbye to the hassles of bridging digital assets, searching for liquidity pairs, or worrying about price volatility - we have it all covered for you.
Interport’s protocol simplifies the swapping process. Here's how it works:
Digital Asset Conversion: Digital assets on the source chain are swapped into stablecoins and added to Interport’s liquidity pool on the same chain.
Cross-Chain Communication: A cross-chain call is sent to our contract on the destination chain with parameters for execution.
Execution on Destination Chain: The contract on the destination chain pulls stablecoins from the Interport liquidity pool, performs swaps, and sends the desired digital assets to the user.
Everything within Interport's ecosystem runs on smart contracts, ensuring transparency and eliminating the need for backend tasks. This process is entirely automated and secure, providing users with peace of mind.
We aggregate hundreds of different sources such as liquidity pools, DEXes, price feeds, and even aggregators. Interport makes sure users get the best possible rate on the given network by considering price impacts and slippage.
In case there is no concentrated liquidity for the specific digital asset, Interport will make a partial swap on different sources and build it into one transaction. We suggest users always check opportunities at all networks the token is being traded, as they may get a better deal.
Users should be aware of gas fees, which include the costs on the source and destination chains, cross-chain message gas, and liquidity migration compensation gas. This consolidated fee approach aims to simplify and optimize gas usage for efficient trading. Please be aware that gas fees are subject to network conditions and may vary.
Interport's system is optimized to require minimal user actions. The entire swap process, including fee estimation, swap rates, and slippage, is calculated in advance. Users simply receive their digital assets on the desired chain, with the execution happening in one efficient transaction.
Interport introduces an innovative approach to slippage configurations, breaking down slippage percentages into different zones to minimize losses and deliver better rates. Whenever a user chooses the slippage, we break slippage % into six different slippage zones for the destination chain. For example, 1% slippage would be broken into 0.0%, 0.2%, 0.4%, 0.6%, 0.8% and 1%.
Start your cross-chain trading now:
