Most friends in the square may be more focused on secondary trading aspects and rarely go on-chain, primarily due to experience issues. In the latest airdrop event launched by DappOS and Binance Wallet, they emphasized improving the on-chain trading experience.
But is this really the case? How is it implemented? What is the principle behind it?
This article aims to help you solve this problem #dappOS推出基于其意图网络的现货交易 #BinanceWeb3Wallet
1. First, we need to briefly discuss the concept of [intent]. What is intent?
Simply put, whatever you want to do on-chain, there will be nodes to help you achieve it; this is intent.
A more detailed note is that this node is referred to as [solver] in the context of intent.
2. DappOS is a protocol that focuses on the concept of intent; where does this intent manifest?
Intent assets are a key feature, manifested in that when you deposit assets into the wallet, you will automatically earn interest, somewhat similar to automatic liquidity staking, with the difference being that your assets remain liquid.
In fact, DappOS does exactly this; the intent asset simply helps you automatically simplify the [intent] of using your assets for liquidity staking, all executed automatically by the solver nodes in the backend.
3. Similarly, after understanding the intent and dappOS's intent assets, learn about its latest intent network spot trading.
Simply put, dappOS hands your order over to the solver node, letting it find a way to complete it, and this completion is no longer limited to a specific chain.
For example, if you place an order on the OP chain, the solver will resolve it across multiple chains.
Therefore, this solver can also be understood as a multi-chain liquidity solution that utilizes the intent solver to mobilize the asset liquidity aggregation across multiple chains.
Moreover, due to the liquidation risks designed for nodes in dappOS, you can achieve faster on-chain transaction speeds and lower transaction fees.
4. This is the order processing flow of dappOS on-chain.
After the node commits to completing the user order, the service node will complete the order processing on-chain in the following three steps under system constraints:
Internal Fill: If there are matching orders in the intentEX order book, the system will directly execute the trade. Orders that fail to execute at this stage will enter the next stage.
Node Exclusive Fill: The remaining orders will be exclusively filled by this service node within a certain time. If the number of orders promised by the service node to the user is not completed during the internal fill stage, the service node needs to execute them by itself, otherwise, it will face liquidation from the dappOS network. The service node can also execute more orders than it promised during this stage.
Open Order: The remaining orders will be posted to the intentEX market for other users to trade.
That is to say, if there are orders in the market, they will be matched, but if there are not enough orders, the nodes will have to resolve on various chains by themselves, otherwise, there will be liquidation.
5. Finally
However, currently, they do not support many assets for trading; mainly, it involves interaction tasks with the Binance wallet. You can try it out, and it is estimated that more assets will be launched in bulk later.
You can directly access the task interface in the wallet and share in rewards equivalent to 300,000.
