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What is Bungee Auto

tip

Try it out at new.bungee.exchange.

Currently Bungee Auto is in beta, documentation is subject to change.

Overview​

Bungee Auto is powered by Bungee Protocol, a marketplace connecting users and off-chain agents. Users submit requests for swaps while off-chain agents compete to execute these requests 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: Requests 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 Request Actions: Integrate with Bungee Protocol to execute your own actions on destination chain after swap.

  • Wide Chain Support: Available on multiple chains with more being added regularly.

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.

Requests flow through the following stages:

  1. Get a Quote: Protocol analyzes routes and returns pricing
  2. Create Request: Sign a message with your preferences
  3. Auction: off-chain agents bid to execute your request
  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 Request Lifecycle.

Continue Reading​