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README.md

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r1-eos

EOS version of R1 Protocol is under development internal.

Abstract

Users no need to deposit their assets in the R1 contract but just sign their off-chain order to the Relayer which will help to match and find the opposit order and finally the matched orders will be submitted by the Relayer . By this scheme we can benefit :

  1. Relayer has the best matching performance as same as the CEX(Centralized Exchange);
  2. Users keep their assets in wallet with no need to trsut the contract;

Procedure

1.User authorize contract with the right of transfer tokens of eos system;
2.User sign his order(buy/sell token at a price) and submmit it to the relayer;
3.Relayer match the orders and commit it to the contract's trade method;
4. R1 contract's trade will do this:

  • Verify maker and taker's order info;
  • Verify maker and taker's order not completed/canceled;
  • Verify maker and taker's signature;
  • Verify maker and taker's price matched;
  • Exchange maker and taker's token at best price;

Features

  • Asset No-Custodial
  • Free Trust & Security
  • High Performance Matching
  • Shared Liquidity

Planning Features

  • Support lend and unlend;
  • Integrate bancor protol to provide liquidity;
  • Support margin trade;