VOOI:chainAbstraction+
VOOI, as a perpetual DEX aggregator, enables leveraged trades across supported networks through chain and and account abstraction.
Last updated
VOOI, as a perpetual DEX aggregator, enables leveraged trades across supported networks through chain and and account abstraction.
Last updated
VOOI, a cross-chain perpetual DEX aggregator, enables leveraged trades across supported networks by utilizing chain abstraction modes to enhance trading efficiency.
The public availability schedule can be found here: VOOI:roadmap
VOOI, as a perpetual DEX aggregator employing a chain abstraction approach, addresses the following problems:
Integration and Interoperability: Ensure seamless access to multiple blockchains and perpetual DEXs, offering a solution focusing on account and chain abstraction, simplifying asset management and trading across diverse markets.
Gasless Trading Operations: Manage chain fee expenses for trading activities across supported networks, ensuring users can trade seamlessly without needing to handle gas costs directly.
Reduce Risks and Enhance Security: Develop and implement advanced security mechanisms to protect users and their assets from fraud, hacking, and other online threats.
Key Features Highlighted:
Chain Abstraction
Users deposit tokens like USDT or USDC from their personal wallet (Externally Owned Account or EOA) into their VOOI Smart Wallet on any supported network. If the Smart Wallet is being used for the first time on that network, it is automatically created.
Once tokens are deposited, they are reflected in the Unified Chain Abstracted Balance, making them fully available across all networks for:
Trading on any supported perp DEX across supported networks.
Paying transaction fees (or UserOps fees to be more precise).
Tokens can be withdrawn from the Smart Wallet on any supported network, even if it's different from the deposit network. Additional tokens can be added to the unified balance by depositing into the Smart Wallet on any network and they will be reflected in the Unified Chain Abstracted balance specific to this user.
NB: Assets are not moving across chains.
Account Abstraction
VOOI enables users to trade on all supported perpetual DEXs. All users need are tokens in any of their VOOI Smart Wallets to open positions and cover transaction fees. Features like the unified order book and consolidated operation history provide a comprehensive view of all trading activities across networks, allowing users to effectively track and manage their positions and transactions.