Cross-Chain Deposit Module (CCDM)
An overview of the CCDM System
Last updated
An overview of the CCDM System
Last updated
The Cross-Chain Deposit Module (CCDM) is a sophisticated system built on Royco designed to facilitate cross-chain liquidity acquisition campaigns. IPs can incentivize APs to commit liquidity on a source chain towards agreed-upon actions (supplying, LPing, swapping, etc.) on a destination chain. Royco provides efficient price discovery for protocols trying to acquire liquidity for a desired timeframe. CCDM handles safely transporting this liquidity to the intended protocol in a trust minimized manner. A single CCDM instance can facilitate cross-chain campaigns from a single source chain to a single destination chain.
CCDM consists of two core components: the Deposit Locker on the source chain and the Deposit Executor on the destination chain. All incentive negotiation and liquidity provision is powered by Royco Recipe IAMs that live on the source chain. Visit the following sections for a comprehensive explanation of how each CCDM component operates:
- Source Chain
- Source Chain
- Destination Chain
CCDM will be used to power : allowing protocols on to create pre-launch, liquidity acquisition marketplaces for day one liquidity.