HECO AMA Series Recap — O3 Swap

Introduction

Today with us we have Tim from O3 Swap.Welcome Tim. Could you tell us about yourself? What did you do before O3 Swap and why did you choose to work for O3 Swap?

Tim: Hi everyone, I’m Tim. Thanks for having me today.

I’m glad to share with you the O3 Swap that we are going to launch on HECO tomorrow.

I have worked in a consulting company before joining O3. O3 Swap is a cross-chain aggregation trading platform incubated by the O3Lab. It aggregates the liquidity of DEX on different chains, and through the cross-chain pool, allows users to complete the simple cross-chain transaction.

Questions and Answers

Q1:Could you tell us more about your project? In other words, what does O3 Swap do?

Tim: O3 Swap is a cross-chain aggregation trading platform. It aggregates the liquidity sources from various decentralized exchanges across chains, and through the cross-chain pool, users can complete the cross-chain transaction.

It solves the current problem of liquidity fragmentation on various mainstream blockchains, making it no longer difficult for users to cross-chain transactions.

O3 Swap V1 will allow users to trade safely and simply across chains within the decentralized wallets. We are committed to providing a one-stop aggregation & exchange platform for users and offering developers access to an open, distributed, friendly, and secure trading environment.

Q2: There are many similar out there, some have been quite successful. What is special about O3 Swap compared to other projects?

Tim: Compared with the aggregation platforms on the market, the core of O3 Swap is cross-chain aggregation, which is dedicated to linking the liquidity between different networks, rather than just aggregating the liquidity between different protocols.

Different from cross-chain projects on the market, O3 is the first DeFi project to realize free transactions on native assets across chains (without deposit). We believe that the cross-chain transaction is to freely trade assets on different networks with a single click.

Q3: Great, could you give us some info on the O3 SwapToken?

Tim:O3 Swap implements O3 token to incentivize users to trade on the platform, provide liquidity for cross-chain pools, and encourage users to participate in governance and build an open and decentralized community.

About the distribution of tokens, the biggest innovative design is that O3 released through the unified system which needs to provide liquidity on the main DEX to unlock. By this design, it can screen out users who are willing to maintain the project development with the O3 team for a long time, so that the project can develop more benignly and sustainably.

Q4: What would be one’s motive to hold O3 Swap tokens? What can we do with $O3 ?

Tim:There are three primary benefits for the unlocked O3:

  1. Member rights: Stake O3 to obtain interest and transaction discounts allocated by the O3 Swap treasury.

2. Community governance: Users can participate in community governance by staking O3 to initiate proposals, participate in voting, etc.

3. LP staking: Users can use O3 to synthesize liquidity equity proof (LP) by adding the liquidity to the cross-chain pool or other main DEXs, which can be used for unlocking and mining.

4. Single token staking: Stake O3 or other token to earn O3.

Q5: What is the current development stage and the future goal?

Tim: We currently have launched on the ETH mainnet and BSC mainnet. The TVL reached 450M and the daily volume reached 10M. Tomorrow we will open the HECO Vault and launch the pegged Cross-chain Pool (WBTC/HBTC/BTCB) that supports BTC_LP staking and other single token staking.

Q6: If you were to summarize your project in 1 word, what would it be? Why?

Tim:I would say “interoperability”. With the boost of the Defi market, the interoperability between blockchains becomes an urgent issue that needs to be improved. We aim to aggregate the liquidity sources and implement the cross-chain technology to improve the blockchain interoperability.

Q7: How do you guarantee users’ asset security?

Tim: First of all, the code of O3 Swap is open source and accepts anyone’s review; in addition, we have invited professional organizations to conduct security audits on our projects. Currently, Certik and SlowMist have provided audit reports; Finally, our cross-chain pool is based on Poly Network protocol. At present, Poly has run more than 4 billion US dollars in assets, which is a mature cross-chain solution in the industry.

· HECO Website

· HECO Twitter and Telegram Channel (For the latest news)

· HECO Telegram Community

· HECO Discord (Welcome all developers to join!)

· HECO Explorer

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