In the booming development of Web3, dappOS is like a dazzling new star, committed to building a complete Web3 intent layer, dispelling the haze of complex operations and inefficiency for users, and leading them to a new journey of simplifying operations and enjoying institutional-level execution efficiency. Previously, dappOS launched the intent operating system (IntentOS) and intent assets (Intent Asset) with ingenuity, successfully realizing the intentionality of operations and assets. Now, based on the profound technical accumulation, it has launched the spot trading function intentEX based on intent infrastructure, further carving out the intentionality of transactions, and adding a key stroke of color to the improvement of the dappOS intent layer ecology.
1. The need for a breakthrough: the dilemma of on-chain transactions
At present, the market is like a hot furnace, with new assets and MEME craze surging, and users' desire for on-chain transactions burning like a raging fire. However, many existing on-chain exchanges are like sieves, making it difficult to provide users with sufficient liquidity. Transaction execution is as slow as a snail, and the handling fees are still high, which seriously burns the user experience. The root cause is that asset trading liquidity is scattered like loose sand in various exchanges. Users in a single exchange are like looking for a single piece in a puzzle, and it is difficult to gather the liquidity of all market assets. IntentEX (https://portal.dappos.com/trade) launched by dappOS is like a precise scalpel, directly hitting these pain points, neatly cutting through transaction costs, efficiency and liquidity problems, and helping users' trading intentions take root. (＃dappOs)
II. Essentials of intentEX Operation
The core design of intentEX is unique. Based on the solid foundation of traditional order book exchanges, it innovatively transforms user limit orders into intent tasks and entrusts them to nodes in the dappOS intent execution network. These nodes are like well-trained messengers that can travel across any chain to complete transaction delivery.
1. Release the intent task: When a user places a limit order on intentEX, it is like releasing a pigeon in the dappOS intent execution network, releasing the intent task. The matching nodes in the network are very keen, and comprehensively consider multiple factors such as node margin, execution cost, speed, etc. to find the service node with the strongest comprehensive competitiveness for the task. After the user completes the signature, the service node that receives the task will make a commitment to ensure the order amount is completed based on its own strength. Thanks to the tight constraints of the OMS mechanism, once the service node makes a promise, it will be liquidated if it fails to fulfill it. Therefore, most of the time, users can rest assured that the order part is ready, and the transaction speed can even exceed the speed of the public chain block.
2. On-chain order processing: After receiving the order, the service node will follow three steps on the chain under the guidance of the system rules. First, there is an internal transaction. If there is a matching pending order in the intentEX order book, the system will automatically match the transaction, and the unfulfilled part will enter the next stage; then there is the node exclusive transaction. The remaining orders will be exclusively handled by the service node within a limited time. If the promised amount is not completed, it will be directly liquidated. Of course, the node can also exceed the transaction amount; finally, the pending order is opened. The remaining orders will be posted to the intentEX market, waiting for the right person to trade. Such a mechanism encourages service nodes to race against time and accept more orders.
3. Example Insight: Imagine the $A token trading scenario in intentEX. The sell order has the first and second sell prices and the total amount set. The user initiates a limit buy order, and this order is assigned to the best service node as an intent task. The node promises the transaction amount based on the strategy and the market order depth. From the user's perspective, some orders are executed instantly, with superb speed. Then the service node promotes the transaction according to the process. Internal transactions, node exclusive transactions, and open pending orders are linked together, showing the advantages of intentEX, allowing users' orders to be quickly executed or supported by the liquidity of the entire market.
3. IntentEX’s Excellence
1. Institutional-level liquidity feast: dappOS professional service nodes are like smart tentacles, sensitively sensing and accurately matching user orders in the entire market CEX and DEX, so that intentEX token transactions can gather liquidity from the entire market. Compared with pure on-chain inquiries, it integrates high-quality on-chain and off-chain liquidity, like a smart stream converging into a majestic river, giving users a higher transaction rate and faster transaction execution, and enjoying the ability to capture institutional-level liquidity. With the support of the unique OMS mechanism, the cost of node task acceptance has dropped sharply, and the system operation efficiency has soared like a rocket.
2. Lightning transaction speed: intentEX leverages the liquidity of the entire platform to quickly match the market price and execute transactions as fast as lightning. Generally, the signature of a user can be confirmed within 500 milliseconds, which exceeds the block generation speed of the public chain and greatly shortens the transaction waiting time, allowing users to experience the convenience of centralized exchanges.
3. Affordable transaction costs: Relying on a professional service node network, intentEX's transaction fee is as low as 0.1%, which is like opening a treasure trove of money-saving for users. It is far lower than most on-chain exchanges, making it a cost-effective choice for on-chain transactions.
4. Decentralized trust shield: All intentEX transactions leave traces on the chain, like sunlight penetrating fog, ensuring transparency and credibility. The decentralized mechanism of the intent execution network is a solid backing. Even if individual service nodes "fall off the chain", other nodes can quickly fill in the gap, providing users with a stable and clear trading environment without single point dependence.
4. IntentEX and Ecosystem Prosperity
As a key puzzle piece of the dappOS ecosystem, intentEX is a core product for realizing transaction intentions, and is closely related to the results of operations and asset intentions. Mainstream assets such as USDT, BTC, and ETH that circulate on it exist in the form of intentUSD, intentBTC, and intentETH. Users will receive interest income when they hold them, and it does not affect instant transactions at all. It is like having both fish and bear's paw, creating a rich, efficient and easy-to-use Web3 trading world for users. In short, the intentEX spot trading function launched by dappOS is a bold innovation of the existing trading model. It accurately anchors user needs, and with innovative design and excellent performance, it creates a CEX-level trading experience, which is expected to reshape the on-chain trading pattern, inject surging vitality into the Web3 ecosystem, and promote the industry to a new peak of development. It deserves close attention and in-depth exploration by industry participants.
