O3 Swap’s version 2, officially named ‘O3 Interchange’, will be a cross-chain DEX like no other in that it provides services aside from bridging the same token across different chains, but rather swaps heterogeneous or different digital assets too. In addition to aggregating DEXs on the source chain as V1 did, O3 Interchange will also aggregate DEXs on the destination chain. That means users will have more choices for their destination asset.
O3 Interchange was designed by a team dedicated to building an interoperable aggregator for Web 3.0 that provides a universal solution for cross-chain trading. The design closely aligns with the O3 community’s feedback to push the boundaries of what’s currently technologically possible. O3 Labs will continue to closely follow the existing cross-chain solutions on the marketplace and will continually improve the protocol according to the wishes of $O3’s holders via the O3 DAO which should be refined and released sometime at the end of Q1 of 2022 or in Q2 of 2022.
The new cross-chain mechanisms of Swap and Bridge allow for simple one-time confirmation transactions. Additionally, they’ll be able to support more EVM-compatible chains and tokens. Separately, the O3 Labs team will also provide a Gas Station to solve the gas fee demand on each chain. Through Interchange and with stops at our Gas Station, users can better access the Web 3.0 superhighway.