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Argos Protocol V1: The Cross-Chain Swap Solution ๐Ÿง˜โ€โ™‚๏ธ

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Welcome to the Argos Protocol V1, an innovative platform designed to revolutionize cross-chain swaps by integrating Uniswap V4 and Across Protocol technologies. Argos Protocol embodies a seamless, efficient, and secure method for transferring assets across different blockchain networks.

๐Ÿฆ„ Uniswap V4: The Core of Argos Protocol

Uniswap V4, a cornerstone of Argos Protocol, is a cutting-edge Automated Market Maker (AMM) protocol. Key aspects include:

  • Non-custodial, Non-upgradeable, Permissionless: Built on the Ethereum Virtual Machine (EVM), it offers robust security and user autonomy.
  • Advanced Features: Incorporates architectural enhancements over previous versions (V1, V2, and the concentrated liquidity model in V3).
  • Innovative Capabilities: Includes hooks, singleton, flash accounting, and native ETH support for an optimized trading experience.

๐ŸŒ‰ Across Protocol: Bridging Chains in Argos

Across Protocol complements Argos by providing a trust-minimized bridge. Its features are:

  • Secure Asset Transfer: Utilizes a network of relayers and an Optimistic Oracle for secure, efficient transfers between Ethereum and its Layer 2s.
  • UBA Fee Model: Balances liquidity across chains, enhancing the efficiency of cross-chain interactions.

๐Ÿ”€ Argos's Cross-Chain Swapping Mechanics

Argos Protocol V1 leverages Uniswap V4 and Across Protocol to facilitate efficient cross-chain swaps:

  1. Initiation: User starts a swap on Chain A in a Uniswap V4 pool integrated with Argos's Cross-Chain Swap Hook.
  2. Bridge Transfer: The beforeSwap hook on Chain A initiates a bridge transfer to Chain B via Across Protocol.
  3. Relayer Interaction: Across Protocol relayers provide equivalent tokens on Chain B.
  4. Execution and Completion: Swaps are executed on Chain B, followed by afterSwap actions on both chains.
  5. Optimistic Oracle Verification: Ensures the validity of the swap and relayer reimbursement.

๐Ÿšฉ Current Challenges in Argos V1

While Argos Protocol V1 marks a significant milestone, we are actively addressing these challenges:

  • Balance Delta Handling: Ensuring zero balance delta at the end of transactions on each chain.
  • Gas Costs: Optimizing transactions to reduce gas fees associated with cross-chain transfers.
  • Liquidity Pool Balance: Maintaining equilibrium in liquidity pools to prevent slippage and other issues.

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