In the burgeoning tide of Web3, dappOS always stands at the forefront of innovation, dedicated to building a more efficient and convenient ecological environment for users. Now, dappOS has launched spot trading on the intent network, further improving its Web3 intent layer ecosystem and bringing users an unprecedented trading experience.
One, background: Market demand and existing dilemmas
Currently, the new asset and MEME craze is surging, and users' on-chain trading needs are continuously rising. However, existing on-chain exchanges expose numerous problems such as insufficient liquidity, slow execution speeds, and high fees, which seriously hinder the improvement of user experience. The root cause lies in the fact that the trading liquidity of assets is dispersed across various exchanges, making it difficult for users to access the entire market's liquidity resources from a single exchange. dappOS keenly identified this market pain point, and the launch of intentEX aims to break these bottlenecks and truly realize users' trading intentions.
Two, the principle of intentEX: Innovation drives efficient trading
The core design philosophy of intentEX is unique and innovative, boldly innovating based on traditional order book exchanges. When users place limit orders on intentEX, these orders will be transformed into intent tasks within the dappOS intent execution network and entrusted to nodes in the network for execution. These nodes have the ability to complete transactions on any chain, which fully integrates the trading liquidity advantages of professional institutions, allowing the token liquidity in intentEX to surpass that of traditional CEX and DEX.
Specifically, the trading process is divided into the following key steps:
1. Release intent tasks: After users place limit orders on intentEX, the matching nodes in the network will comprehensively consider factors such as margin, execution costs, speed, etc., from various service nodes and assign the intent task to the service node with the strongest overall competitiveness. Once the service node confirms receipt of the task, it will commit to an order amount that can guarantee successful execution for the user. Due to the constraints of the OMS mechanism, once the service node commits, if it does not fulfill, it will face liquidation, so users can generally consider some orders to be completed at this stage without waiting for final confirmation on-chain, greatly improving execution speed.
2. On-chain order processing:
• Internal execution: If there are matching orders in the intentEX order book, the system will directly match them.
• Exclusive execution by nodes: For the remaining orders that were not executed internally, service nodes have exclusive execution rights for a certain period. If the number of committed orders is not completed, they will face liquidation by the dappOS network, while service nodes can also execute more orders additionally.
• Open listing: Remaining orders that have not been executed after the first two phases will be listed on the intentEX order book for other users to trade. This mechanism encourages service nodes to continuously optimize their services and improve execution efficiency and order quantity commitments.
A specific case can clarify this process: Suppose on intentEX, there is a sell order for token $A with a specific price and total amount. When a user initiates a limit buy order, this buy order is assigned as an intent task to a service node. The service node commits to the transaction quantity based on the order book conditions and its own strategy. From the user's perspective, some orders are considered executed as soon as the service node submits its commitment, which is far faster than the public chain block speed. Subsequently, the order goes through internal execution, exclusive execution by the node, and open listing phases, showcasing the efficiency and flexibility of intentEX in the transaction execution process.
Three, core advantages of intentEX: Comprehensive enhancement of trading experience
1. Institutional-level full market liquidity: The professional service nodes of dappOS can monitor the entire market's CEX and DEX in real-time to quickly match the best price sources for user orders, achieving full market-level liquidity access. Compared to traditional pure on-chain price inquiry designs, intentEX combines high-quality liquidity on-chain and off-chain. Its unique OMS mechanism reduces the overall operating costs of nodes, improves system operation efficiency, and ensures that each user order enjoys a higher execution rate and faster transaction execution.
2. Fast execution speed: With liquidity across all platforms and professional service nodes, intentEX can quickly match order book prices, completing signature confirmation within 500 milliseconds after the user’s signature, even surpassing public chain block speeds, significantly reducing transaction wait times and providing users with a trading experience close to that of centralized exchanges.
3. Low trading fees: Relying on a professional service node network, intentEX optimizes trading fees down to as low as 0.1%, far below that of most on-chain exchanges, making it an economical choice for users' on-chain trading.
4. Decentralization and transparency: All transactions are publicly recorded on-chain, ensuring system transparency and credibility. The decentralized mechanism of the dappOS intent execution network ensures that even if individual service nodes experience failures, other nodes can seamlessly connect, maintaining stable transactions and providing users with a reliable trading experience without single point dependency.
Four, intentEX and the dappOS ecosystem: An organically coordinated whole
As an important part of the dappOS ecosystem, intentEX is the key product that assists users in achieving trading intent after realizing operational intent and asset intent. It is built on the dappOS intent execution network, and the mainstream assets used therein, such as USDT, BTC, and ETH, are all intent assets of dappOS. Users holding these assets can enjoy interest income while being able to trade at any time without mutual interference. This further reflects the integrity and synergy of the dappOS ecosystem, creating a comprehensive, one-stop Web3 trading platform for users.
In summary, the launch of dappOS intent network spot trading marks a significant breakthrough in the Web3 trading field, providing users with a more efficient, convenient, low-cost, and reliable trading experience, and is expected to lead a new trend in Web3 trading, driving innovation and development in the entire industry.
