Swaps
Last updated
Last updated
Keechain enables users to perform seamless, trustless token swaps directly within the wallet by leveraging Keeta Network's anchor-based atomic swap infrastructure.
Keeta Network employs an anchor system that facilitates atomic swaps between assets across different networks. Anchors act as universal bridges, allowing assets to move seamlessly while preserving full regulatory oversight and ensuring 1:1 redemption guarantees.
Universal Interoperability: Anchors connect various financial systems, enabling the movement of fiat, stablecoins, or crypto across networks in a secure, compliant, and instant manner.
Regulatory Compliance: The system ensures that every transaction meets KYC/KYB requirements through native digital certificates, eliminating the need for external compliance providers.
Atomic Swap Mechanism: Users can directly settle swaps of user-created tokens without needing third-party intermediaries, ensuring that transactions are either completed in their entirety or not at all.
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Asset Selection: The user selects the source and destination assets for the swap within Keechain.
Anchor Identification: Keechain identifies the appropriate anchors that support the desired asset pair.
Rate Retrieval: Keechain retrieves current exchange rates and fees from the selected anchors.
Transaction Construction: Keechain constructs the atomic swap transaction, incorporating the necessary parameters.
Signing: The transaction is signed locally using the user's private key, ensuring security and self-custody.
Execution: Keechain submits the transaction to the Keeta Network, where the anchors execute the atomic swap.
Confirmation: Keechain monitors the network for confirmation and updates the user interface accordingly.
Intuitive Design: Keechain offers a user-friendly interface where users can easily select assets, specify amounts, and set parameters such as slippage tolerance.
Real-Time Data: The interface displays real-time data, including exchange rates, estimated fees, and expected output amounts, retrieved from the anchor system.
Transaction Summary: Before executing the swap, Keechain presents a detailed summary of the transaction for user confirmation.
Seamless Execution: Upon approval, the swap is executed through the anchor-based atomic swap mechanism, and the user's wallet balances and transaction history are updated accordingly.
Local Key Management: All transactions are signed locally using the user's private key, ensuring that private keys never leave the user's device.
Regulatory Alignment: Keechain's integration with Keeta's anchor system ensures that all swaps are compliant with regulatory requirements, including KYC/KYB protocols.
Auditability: All transactions are recorded on the Keeta blockchain, providing a transparent and auditable trail.