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What is Bungee Auto

tip

Try it out at new.bungee.exchange.

This is an early release with unaudited contracts. Use at your own risk and only experiment with small amounts. The current transaction limit of 1k USD value is applied.

Overview​

Bungee Auto is powered by Bungee Protocol, a marketplace connecting users and off-chain agents. Users submit orders for swaps while off-chain agents compete to execute these orders efficiently, enabling swaps into any token on any chain in a fully abstracted manner.

Read more about the protocol architecture and see a comparison between Bungee Auto and Bungee Manual in Architecture and Comparison respectively.

Key Features​

  • Just Swap: Simple token swaps across chains with intuitive DEX-like interface.

  • Gasless Experience: No gas tokens needed on source chain, just sign with Permit2.

  • Fast Settlement: Orders execute within seconds with real-time status updates.

  • Best Price Execution: Multiple off-chain agents compete through automated auctions to provide the best rates across all liquidity sources.

  • Execute Post Order Actions: Integrate with Bungee Protocol to execute your own actions on destination chain after swap.

How It Works​

The protocol consists of two main components:

  1. Offchain Infrastructure: API, quoting engine, and auction house
  2. Onchain Infrastructure: Smart contracts for execution, fulfillment, and settlement

Read more in Architecture.

Orders flow through the following stages:

  1. Get a Quote: Protocol analyzes routes and returns pricing
  2. Create Order: Sign a message with your preferences
  3. Auction: off-chain agents bid to execute your order
  4. Extraction: Winner locks your tokens in a contract
  5. Fulfillment: Performs your action on destination chain
  6. Settlement: Settles transaction and unlocks payment on source chain

Read more in Order Lifecycle.

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