Secure cross-chain atomic swaps
Systems and methods for a secure cross-chain atomic swaps are disclosed herein. A user submits to a swap platform a signed limit order to atomically swap an amount of input token for an output token. The swap may involve a Dutch auction approach, in which the order execution price depends on time of inclusion in a block and decreases over the duration of the Dutch auction. The swap platform provides the order details to whitelisted resolvers to evaluate if/when/how to fill the order. Once a resolver makes that determination, it can utilize smart contracts associated with the swap platform to perform the atomic swap on behalf of the user and itself (e.g., without active involvement of the user). Input tokens deposited on an escrow contract are unlocked at the same time that output tokens deposited on another escrow contract are unlocked.
1 . A system for atomic cross-chain swaps, the system comprising:
A swap platform configured as a decentralized finance (DeFi) platform for facilitating an atomic cross-chain swap request comprising a relayer service in communication with:
a first distributed blockchain network comprising a peer-to-peer (P2P) computer network of N nodes that maintain a first blockchain tracking a first token;
a second distributed blockchain network comprising a peer-to-peer (P2P) computer network of M nodes that maintain a second blockchain tracking a second token;
a plurality of resolvers for processing operations for executing the atomic cross-chain swap request;
a decentralized application operating on at least one user device; and
at least one of a plurality of decentralized exchanges or a plurality of centralized exchanges;
at least one hardware processor; and
at least one non-transitory memory storing instructions, which, when executed by the at least one hardware processor, cause the swap platform to:
receive, from the decentralized application operating on the at least one user device, the atomic cross-chain swap request comprising a request to exchange a first amount of the first token for a second amount of the second token;
receive, from the decentralized application operating on the at least one user device, an encrypted secret and a secret hash, wherein the encrypted secret comprises a cryptographically secure random value secured by the secret hash;
generate, by the swap platform, a smart contract comprising a token approval function configured to verify, via the decentralized application, user approval of the atomic cross-chain swap request;
broadcast, by the relayer service of the swap platform, the atomic cross-chain swap request to the plurality of resolvers;
receive, from a resolver of the plurality of resolvers, an indication of the resolver to process the atomic cross-chain swap request;
verify, by the relayer service, the first amount of the first token stored in a first escrow smart contract on the first distributed blockchain network and second amount of the second token stored in a second escrow smart contract on the second distributed blockchain network; and
transmit, by the relayer service to the resolver, the encrypted secret and the secret hash.
2 . The system of claim 1 , wherein the atomic cross-chain swap request comprises at least one of the following request parameters: the first token, the amount of the first token, the second token, the amount of second token, a minimum amount of the second token, and a time threshold.
3 . The system of claim 1 , wherein the atomic cross-chain swap request comprises at least one of the following request parameters: swap rate and execution approach.
4 . The system of claim 1 , wherein the smart contract comprises a token approval function.
5 . The system of claim 1 , wherein the resolver comprises more than one resolver of the plurality of resolvers.
6 . The system of claim 5 , wherein the secret is separately encrypted for each of the more than one resolver.
7 . The system of claim 1 , wherein the secret comprises a plurality of secrets, each secret corresponding to one of each of the plurality of resolvers.
8 . The system of claim 1 , wherein the secret is generated using a cryptographic random number generator.
9 . A computer-implemented method for atomic cross-chain swaps, the computer-implemented method comprising:
receiving, by a computing device from a decentralized application operating on at least one user device, an atomic cross-chain swap request comprising a request to exchange a first amount of a first token for a second amount of a second token, wherein the first token is tracked by a first blockchain maintained by a first distributed blockchain network comprising a peer-to-peer (P2P) computer network of N nodes, and wherein the second token is tracked by a second blockchain maintained by a second distributed blockchain network comprising a peer-to-peer (P2P) computer network of M nodes;
receiving, by the computing device from the decentralized application operating on the at least one user device, an encrypted secret and a secret hash, wherein the encrypted secret comprises a cryptographically secure random value secured by the secret hash;
generating, by the computing device, a smart contract comprising a token approval function configured to verify, via the decentralized application, user approval of the atomic cross-chain swap request;
broadcasting, by the computing device, the atomic cross-chain swap request to a plurality of resolvers for processing operations for executing the atomic cross-chain swap request;
receiving, by the computing device from a resolver of the plurality of resolvers, an indication of the resolver to process the atomic cross-chain swap request;
verifying, by the computing device, the first amount of the first token stored in a first escrow smart contract on the first distributed blockchain network a first location and second amount of the second token stored in a second escrow smart contract on the second distributed blockchain network; and
transmitting, by the computing system to the resolver, the encrypted secret and the secret hash,
wherein the computing system comprises a processor and a memory.
10 . The method of claim 9 , wherein the atomic cross-chain swap request comprises at least one of the following request parameters: the first token, the amount of the first token, the second token, the amount of second token, a minimum amount of the second token, and a time threshold.
11 . The method of claim 9 , wherein the atomic cross-chain swap request comprises at least one of the following request parameters: swap rate and execution approach.
12 . The method of claim 9 , wherein the smart contract comprises a token approval function.
13 . The method of claim 9 , wherein the resolver comprises more than one resolver of the plurality of resolvers.
14 . The method of claim 13 , wherein the secret is separately encrypted for each of the more than one resolver.
15 . The method of claim 9 , wherein the secret comprises a plurality of secrets, each secret corresponding to one of each of the plurality of resolvers.
16 . The method of claim 9 , wherein the secret is generated using a cryptographic random number generator.
17 . A non-transitory computer readable medium having stored thereon instructions for causing a processing circuitry to execute a process, the process comprising:
receiving, from a decentralized application operating on at least one user device, an atomic cross-chain swap request comprising a request to exchange a first amount of a first token for a second amount of a second token, wherein the first token is tracked by a first blockchain maintained by a first distributed blockchain network comprising a peer-to-peer (P2P) computer network of N nodes, and wherein the second token is tracked by a second blockchain maintained by a second distributed blockchain network comprising a peer-to-peer (P2P) computer network of M nodes;
receiving, from the decentralized application operating on the at least one user device, an encrypted secret and a secret hash, wherein the encrypted secret comprises a cryptographically secure random value secured by the secret hash;
generating a smart contract comprising a token approval function configured to verify, via the decentralized application, user approval of the atomic cross-chain swap request;
broadcasting the atomic cross-chain swap request to a plurality of resolvers for processing operations for executing the atomic cross-chain swap request;
receiving, from a resolver of the plurality of resolvers, an indication of the resolver to process the atomic cross-chain swap request;
verifying the first amount of the first token stored in a first escrow smart contract on the first distributed blockchain network and second amount of the second token stored in a second escrow smart contract on the second distributed blockchain network; and
transmitting, to the resolver, the encrypted secret and the secret hash.
18 . The non-transitory computer readable medium of claim 17 , wherein the atomic cross-chain swap request comprises at least one of the following request parameters: the first token, the amount of the first token, the second token, the amount of second token, a minimum amount of the second token, and a time threshold.
19 . The non-transitory computer readable medium of claim 17 , wherein the atomic cross-chain swap request comprises at least one of the following request parameters: swap rate and execution approach.
20 . The non-transitory computer readable medium of claim 17 , wherein the smart contract comprises a token approval function.