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;