X-Swap: Cross-Chain Token Swaps
AMM token swapping on TaalSwap is a quick, easy and simple way to trade TaalSwap-connected tokens for one another, which is made possible by TaalSwap's automated liquidity pools. TaalSwap currently operates on Ethereum and Klaytn, respectively supporting ETH/ WETH/USDT/USDC/TAL and KLAY/KDAI/KTALK/KUSDT/WKLAY/KTAL. More tokens sure will be listed at no distant date.
From the outset, TaalSwap had the goal of providing a cross-chain swap environment, which is why it is called "X-Swap". This means that in addition to token swapping within a single network, TaalSwap provides cross-chain swap services, thus enabling the user to seamlessly swap from a token on one network (say, Ethereum) to a token on another network (say, Klaytn). Want to trade your ETH to KLAY? Just select the chains of your choice, and swap any of your tokens to the token you desire to have. Everything else will be taken care of by X-Swap protocol.
X-Swap is an in-house cross-chain swap environment, which means that it does not depend on a third-party bridge system. With its own bridge system, TaalSwap is able to not only provide efficient swap services but also help to decrease trading fees.
TaalSwap currently offers this cross-chain swap service only between Ethereum and Klaytn, but soon will extend its functionality to BSC and Huobi chains.
Security of Bridge Contract with IAM Identity-based Policies
TaalSwap bridge services have been designed to provide maximum contractual security for the transactions whereby users engage in cross-chain token exchange. To this end, TaalSwap adopts IAM identity-based policies to ensure non-disclosure of the private key by allowing API call for a specified IP address when a bridge contract occurs. The following diagram depicts how a bridge contract (taking as an example ETH-KDAI swap between Ethereum and Klaytn) is conducted and how TaalSwap’s bridge system interacts with AWS IAM security policies.
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