WOOFi: Liquidity Source Integration Proposal

Technical
1

WOOFi: Liquidity Source Integration Proposal

Title

WOOFi: Liquidity Source Integration Proposal

Author

Ivan Shen
Email: ivan@woo.network

Merlin Au
Email: merlin@woo.network

Simple Summary

WOOFi is a leading decentralized exchange (DEX) with over $70B in cumulative trading volume and more than 250k monthly active users. It supports 10+ blockchains and offers a diverse range of products, including earn vaults, simple swaps, crosschain swaps, and perpetual futures.

Motivation

WOOFi’s swap uses an onchain market-making algorithm called Synthetic Proactive Market Making (sPMM). The sPMM algorithm, which works in tandem with WOOFi’s high-frequency onchain oracles allows professional market makers to simulate the price, spread, and depth of the order book on centralized exchanges onchain.

  • WOOFi is the only swap DEX that pays rebates to wallets, apps, and aggregators that route order flow to it.

  • WOOFi have already been integrated by over 10 aggregators, including 1inch, Odos, Velora, 0x, and KyberSwap.

  • WOOFi supported USDC,ETH,WBTC,USDC.e,USDT,ARB,cbBTC and USDbC on Arbitrum and Base chain.These tokens can all be paired with each other.

  • WOOFi swap have an average trading volume of over 20 million across the entire chain, with peak volumes exceeding 100 million.

Technical Specification

Price Discovery

  • How can solvers obtain price information?

    on-chain methods

  • API endpoints or on-chain methods

    interface IWooPPV2 {
    function query(address fromToken, address toToken, uint256 fromAmount) external view returns (uint256 toAmount);
    }

  • Response formats and data structures

    uint256 toAmount

  • Rate limits and performance characteristics

    Depends on the chain node’s rate limits

Settlement Interface

  • Smart contract addresses

    WOOPP_v2:0x5520385bFcf07Ec87C4c53A7d8d65595Dff69FA4(Arbitrum,Base)

  • Function signatures

    swap: 0x7dc20382

  • Parameter specifications

    address fromToken: the token you want to sell
    address toToken: to token you want to buy
    uint256 fromAmount: the amount of token that you want to sell
    uint256 minToAmount: the minimum received token that you want to buy
    address to: wallet address that will receive the toToken
    address rebateTo: wallet address that mark which aggregator send the swap tx

  • Gas cost estimates

    300,000

  • Example transactions
    Base Transaction Hash: 0xeeac30a4b9... | BaseScan
    Arbitrum One Transaction Hash: 0x07b8d455f7... | Arbitrum One

Integration Incentives

WOOFi rebates 20% of its swap fee in USDC back to the broker who routes the trades to it.

Additional Information

Contact Information

Name: Merlin Au
Email: merlin@woo.network
Github: 0xmer1in (Merlin) · GitHub
Telegram: merlin_WG

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