Institutions

Every chain, under your controls.

Your mandate sets rules for custody, controls and audit. The usual routes between public chains put someone in the middle who holds your assets or vouches for them, and the record stops at each chain’s edge.

What it’s for

Treasury across chains.

You can rebalance between stablecoins and native coins held on different chains.

Payouts.

You can pay a counterparty in the coin they hold, on the chain they use.

Market making.

Your desk can quote both books of a route, each against , and earn the spread.ROO - The network’s token. It pays fees, and every order book is priced against it.

What it makes possible

Trade non-custodially.

You trade from your wallet, signed by your keys, and each trade settles by proof, with no custodian. While it settles, the protocol escrows the ROO side.

How a trade settles

No oracle in between.

Amaroo each chain by that chain’s own consensus rules.image - to record and check another chain’s block headers. The whitepaper calls the record a projection.

Imaging

One trail across chains.

A transfer can be traced in on one chain, through Amaroo and out on another.

A trade end to end

Your rules on top.

Identity checks, such as , can run as applications on a of your own.KYC - know your customerdapp-chain - An application chain with its own rules, which can be anchored to Amaroo’s network. A dapp-chain runs the consensus its builders choose, and is as secure as that consensus; its headers can be imaged onto the simplex. The first dapp-chains’ consensus: Dapp-chains.

Dapp-chains

Depth from orders.

Every book is priced against ROO, and depth comes from the orders users, desks and miners post.

Liquidity

How a desk can go from its rules to one trail

Fig. 1

Step 1 of 4: Your rules, on your chain.

Fig. 1: from a desk’s rules to one trail Four lanes: Bitcoin, Amaroo, a target chain and a dapp-chain of your desk’s own, anchored to the network. On Amaroo, a book for each coin, each priced against ROO: your desk can sell BTC for ROO on one and buy the target coin with ROO on the other. Each payment can be proven on Amaroo, and a line traces the route from the coin that left to the coin that arrived. The drawing shows the step named in the status line; the numbered steps describe all four.

Dashed, then a square: a header recorded on Amaroo. Padlock: held in escrow. Open: released. Ladder: an order book, asks above bids. Solid line: one route.

  1. Step 1: Your rules, on your chain.

    Your desk’s identity checks, such as KYC, can run as applications on a dapp-chain of your own, anchored to the network.

  2. Step 2: Orders on the shared books.

    Your desk trades on the same books as everyone else, each priced against ROO. To move from bitcoin to a coin on another chain, it sells BTC for ROO, then buys the other coin with ROO.

  3. Step 3: Each side settles by proof.

    The seller on each book pays, Amaroo proves the payment, and the proof releases the ROO. No custodian holds either side.

  4. Step 4: One trail.

    Each payment is tied to one match on Amaroo, where the proof that settled it is recorded. The coin that left and the coin that arrived can be traced to one route.

A trade end to end, including a seller who never pays: DEX infrastructure.

Write to Amaroo.

About a dapp-chain of your own, an integration, or how settlement would work for your desk.

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