Intents Flow Overview
1
Create order
On this step user creates an order with all the necessary information, including:
- Base asset and its network
- Base amount
- Quote asset and its network
- Quote amount
- User address on quote network (to receive the asset)
- Base amount or quote amount, depending on user needs
- Order value in USD
- Max price for slippage protection
- Auction duration
2
Solver react
Solvers are reacting to that order and propose their price during the auction.
Solver with the best price will be automatically selected.
Duration of the auction is defined by the user and is set in the order creation.
3
User sends needed amount to solver address on base network
If user is fine with the solvers price, he sends his funds to the solver address on base network.
4
User sets his tx hash
On this step user sets his tx hash from previous step to the order to complete his settlement.
5
Oracles decides if user tx was proper
On this step oracles will check if user tx was processed on base network, was its amount correct and was it sent to the right (solver) address.
Decision on each order is made by quorum of oracles.
6
Set oracles decision on user tx
If oracles quorum decided that user tx was proper, they will send the order to the next step.
If not, they will cancel the order and the order will be finished.
7
Solver sends needed amount to user address on quote network
On this step solver sends the needed amount to the user address on quote network.
8
Solver sets his tx hash
On this step solver sets his tx hash from previous step to the order to complete his settlement.
9
Oracles decides if solver tx was proper
On this step oracles will check if solver tx was processed on quote network, was its amount correct and was it sent to the right (user) address.
Decision on each order is made by quorum of oracles.
10
Set oracles decision on solver tx
On this step if oracles quorum decided that solver tx was proper, they will finish the order.
If not, they will liquidate the solver and the order will be finished.
11
Order Finished!