Introducing Bungee Protocol

Bungee Protocol is a global liquidity marketplace that enables users to perform actions across chains. It's designed to optimize the experience for end users, powered by Socket Protocol.

• Swap, no matter where and what. Any to Any token within and across chains
• Swap with just a signature - no gas fees, no on-chain transactions required (ERC20 permit2 is supported)
• Fast - Settlement usually within seconds

warning

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.

tip

Try it out at new.bungee.exchange.

How Bungee Protocol Works

Bungee Protocol connects users and transmitters in a unified marketplace. Users submit orders for their desired actions, while transmitters compete to execute those orders. Transmitters are off-chain participants that can serve different roles - as solvers who find optimal execution paths, fillers who provide liquidity, or provers who validate transactions.

The process involves the following steps:

1. Quote Request: User requests a quote for their desired action
2. Order Submission: User submits an order based on the quote
3. Transmitter Bidding: Transmitters bid on the submitted order
4. Extraction: The chosen transmitter extracts the required assets using the permit2 signature from the user’s wallet
5. Fulfillment: The transmitter fulfils the user's requested action on the destination
6. Settlement: The transmitter settles and unlocks the amount on the source