🔑Smart Contracts

The platform now has programmatic guarantees thanks to the GrokSwap smart contracts.High performing exchanges have traditionally demanded that users custody funds with the exchange. With the help of several smart contracts, W decentralizes fund custody, trade settlement, and introduces cutting-edge DeFi techniques.

Enforce system rules

Users of centralized order book exchanges must have faith in the exchange's ability to accurately match and settle trades. More importantly, users have faith in the exchange to handle legitimate withdrawal requests and preserve possession.

Ownership and authorization are enforced cryptographically through the GrokSwap smart contracts. This guarantees that every trade is approved by the account owner and that withdrawals are valid and transferred solely to the account owner.

The AMM liquidity pools' rules are enforced by the smart contracts, enabling users to market-make without the aid of a third party or additional infrastructure.

Custody/escrow

Before sending transactions to the network for settlement, the off-chain trading engine conducts trades in real time. The user's signature on the order and the order's final settlement are separated by this procedure. The maker and taker's money must not transfer off-chain during the interval between execution and settlement in order to avoid the failure of the settlement transaction.

This problem is resolved by the smart contract, which serves as a kind of escrow and prevents the transfer of funds until all settlements are complete. To guarantee that on-chain balances are updated in the proper order, all trades and withdrawals are sequentially processed. Notably, the wallet departure feature of specific smart contracts assures that funds cannot be restricted enternity.