Whitepaper
  • Welcome to Pairs
  • Risk And Regulatory Disclosures
  • Introduction
    • The Evolution of DEX's in Blockchain
    • Dealing with Current DEX Limitations
  • Pairs
  • Profit Sharing
    • How It All Works
  • Utility of the $Pairs Token
    • Liquidity Mining
  • Batch Protocol
    • Enhancing Efficiency through Consolidation
    • Key Components and Functionality
  • Use Case Scenarios
    • Technical Overview
    • Straight Swap and Cross Chain Bridging
    • Single Asset to Multi Asset Swaps - Same Chain and Cross-Chain
    • Multi Asset to Multi Asset Swaps - Single and Cross-Chain
  • Leveraging Batch Protocol
  • Overview: XP Farming Program
    • Earning XP: Individual Participation
    • Earning XP: Team Formation & Strategy
    • XP Dashboard & Leaderboards
    • XP Distribution Mechanics
    • Earning XP: How It Works
  • Product Roadmap
    • DeFi
    • CeFi
  • Tokenomics
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  1. Use Case Scenarios

Technical Overview

Consider two blockchains, A and B, with assets a and b respectively. A user intends to swap x amount of asset a for y amount of asset b. The process involves:

  • Locking: x assets are locked in a smart contract on Chain A.

  • Minting/Burning: The locked assets are converted into Pairs tokens, which are then burned in exchange for stablecoins. These stablecoins are bridged to Chain B.

  • Conversion and Unlocking: On Chain B, the stablecoins are used to purchase y assets of type b, which are then credited to the user's wallet. This ensures the conservation of value across the swap.

  • Conservation of Value: The process guarantees that the value locked on Chain A is equivalent to the value unlocked on Chain B, adhering to the formula V(a,x)=V(b,y), where V represents the value of the assets, ensuring the swap is equitable.

This mechanism facilitates seamless cross-chain swaps by leveraging Pairs tokens as an intermediary, optimizing for both security and efficiency in the transfer of value between different blockchain ecosystems.

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