💫Cross Chain Swaps
Building the galaxy looks like...
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 tokens they will receive on another chain. Say goodbye to the hassles of bridging assets, searching for liquidity pairs, or worrying about price volatility - we have it all covered for you.
The Process of Interchain Swap
Interport’s protocol simplifies the swapping process. Here's how it works:
Asset Conversion: 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 tokens 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.
Best Rates
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 token, 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.
Efficient Gas System
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.
Single Transaction Swap
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 tokens on the desired chain, with the execution happening in one efficient transaction.
Unique Slippage Approach
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%.
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