Protocol Concepts
The Protocol
Overview of the Layerswap V8 protocol with all main components
The Layerswap V8 protocol consists of four main components:
dApp/Integrator
The Bridge UI/dApp or integration in a wallet, connected to auctions and discovery contracts. This dApp sends a request to the auction, gets the quote and selected LP, and executes the atomic swap.
The Discovery Contract
This contract is used as a registry for discovering Liquidity Providers and Networks in the protocol. Any new LP and network should be added here.
The Auction
This is a standard Dutch auction used by Liquidity Providers to compete for user requests.
PreHTLC Contracts
These are the contracts responsible for ensuring secure asset exchange between the User and LP on different chains.
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