Dialogue with O3 Swap: The evolutionary path from old-fashioned wallet to cross-chain aggregator

A multi-chain pattern is taking shape.

If it is said that when Ethereum was dominant last year, cross-chain was only a relatively vague concept without enough obvious wealth effect support, then under the background of the explosion of DeFi and the coexistence of multiple chains, cross-chain, especially cross-chain The free conversion of assets has become a rigid demand in the market. Under the demand, DeFi, which focuses on cross-chain, has also appeared one after another, including O3 Swap, a cross-chain aggregation protocol incubated by the old wallet project O3Labs.

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Q1

Odaily：Please give a brief introduction to the O3 Swap project itself. What is the positioning of O3 Swap? What kind of industry problems do you want to solve?

Tim：I am very happy to come to share with you the latest project progress of O3Labs.

O3 Swap is a cross-chain aggregation protocol incubated by the O3Labs team. It aggregates the liquidity of leading DEXs on different chains, and through cross-chain transaction pool links, users can complete free transactions of cross-chain assets. We use Aggregator+ The cross-chain pool method realizes free cross-chain transactions of native assets on different chains.

There is another way that is easier to understand. Community users call us "multi-chain 1inch" + "cross-chain Curve"

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Q2

Odaily：The main business of O3 Labs was wallet services before, why do you want to be a cross-chain transaction aggregator now? Can you talk about the process of changing your mind?

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Q3

Odaily：How does O3 Swap realize the cross-chain exchange of assets between different ecologies? We learned that O3 Swap has two core components "O3 Aggregator (transaction aggregator)" and "O3 Hub (cross-chain transaction pool)". What are the differences between these two core components? How is there division of labor and collaboration?

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Q4

Odaily：Some users describe O3 Swap as a natural mixed currency private transaction pool, how to understand this?

Tim：The O3 team is the first to adopt the method of establishing a cross-chain transaction pool to realize the free and transaction of native assets on different chains. We automatically package the assets across the chain through the Poly contract in the background, without the need for asset form conversion and recharge. carry.

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Q5

Odaily：O3 Swap has launched the first version of the product before. How is this version running now? How is the data performance? Is there a specific time plan for the launch of the official version of the product?

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Q6

Odaily：Which public chains or Layer 2 ecosystems has O3 Swap integrated so far, and which ecosystems will it continue to expand to in the future? When choosing a target ecology, what factors will O3 Swap focus on?

Tim：O3 Swap currently supports cross-chain transactions of ETH, BSC, HECO and Neo, and we will continue to expand the ecology in the future.

High-quality liquidity sources and assets are also an important part of a project. Several factors are the main basis for our evaluation:

1. Liquidity sources with a huge user base and transaction depth, such as leading exchanges of various public chains/side chains, such as Solana, Polksdot, etc.

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Q7

Odaily：text

Tim：

• O3 Swap as a whole is cross-chain + aggregation, so it is not only limited to the cross-chain exchange of stable coins, but also supports various non-stable coin exchanges.

• The cross-chain transaction pool not only supports the cross-chain exchange of the USD category, but we will gradually support the exchange of other mainstream assets and their mirror assets, such as BTC and ETH.

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Q8

Odaily：There is a very interesting thing, O3 Labs' business expansion path is "from wallet to transaction aggregator", and another major transaction aggregation project 1inch has recently released its wallet application, which is exactly the opposite of O3 Labs , is from "Transaction Aggregator to Wallet".

It seems that O3 Labs and 1inch will form a direct competition in the future, what do you think of this? How does O3 Labs compare to other deal aggregators?

Tim：This question can be explained in two points:

• Compared with the aggregation trading platforms on the market, the core of O3 Swap is cross-chain aggregation, which is dedicated to linking the liquidity between different networks, not just aggregating the liquidity between different protocols.

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Q9

Odaily：Let’s talk about token-related content. We know that O3 Swap will conduct IDO in BSCPad, WeStarter, Cobak, Bounce Certified, and DuckSTARTER in two days. Can you talk about the specific rules of IDO? How many tokens will be released in total this time? Besides IDO, is there any other way to get O3 tokens?

Tim：Link

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Q10

Odaily：What are the uses of O3 tokens in the O3 Swap system? Can you introduce O3's token economic model (allocation, lock-up schedule)?

Tim：In the economic model of O3 Swap, users can get airdrop rewards through early participation in product testing and community contributions; trade mining rewards in O3 Swap transactions; and provide O3 rewards for liquidity mining for cross-chain pools.

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Q11

Odaily: Finally, there is something that many users want to know. Last month, O3 Swap completed a financing of 2 million US dollars, and some well-known funds in the circle participated, including NGC Ventures, OKEx Blockdream Ventures and so on. Recently, Softbank (Singapore) has also become an investor in O3 Swap. In my impression, Softbank rarely invests in the encryption industry, so everyone is very curious about this investment. Can you briefly tell the story behind it?

Tim: Softbank does rarely participate in the investment in the encryption industry. Cross-chain is a very important track as a rigid need of blockchain, and O3 is an innovator in this track. While perfecting cross-chain technology, it also expects Attract investment institutions and domestic and foreign communities who are optimistic about the cross-chain track, and work together for a common goal.