RD
@wecannevergiveup
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Bungee Exchange recently announced the launch of Bungee Protocol, a global liquidity marketplace built on Socket Protocol, designed to provide "BALLS DEEP LIQUIDITY" for any asset, anywhere.
Let’s dive into how it works, & how it helps the DeFi ecosystem.
Bungee Protocol is designed to facilitate seamless cross-chain actions for users. Unlike traditional bridge aggregators that operate within the confines of a single chain, Bungee operates on a global level, treating each chain as a liquidity avenue.
How it Works:
1. Users initiate actions on-chain—such as swaps or deposits into DeFi protocols, by signing gasless requests.
2. Off-Chain Actors (solvers, provers and fillers) compete to fulfil the requests based on their strengths. This ensures that execution is optimized, delivering the best possible outcome for the user.
Bungee Protocol has the ability to perform chain-abstracted swaps, allowing trades to be split across multiple chains and even CEXes for the best rates and lowest fees. 0 reply
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