Otmoic

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Omotic Overview ​

Otmoic is a decentralized and automated request for quote (RFQ) network that supports secure cross-chain value exchanges among . Its vision is to enable seamless, trustless value exchange among autonomous Agents in various applications and pave the way for the broader integration of decentralized public infrastructure (DePIN) into daily life.

Background ​

With the rapid advancement of AI technologies and the proliferation of open-source models, there is an increasing demand for a secure, automated system to facilitate interactions among hardware devices running independent agents. These agents may offer services, purchase resources, or share data and expertise. Otmoic emerges as a solution for seamless, trustless value exchange among autonomous Agents in various applications.

Challenges to address ​

Otmoic addresses several critical challenges in agent interactions:

  • Agent discovery: Agents must be able to discover each other across networks.
  • Price discovery: There must be a mechanism for agents to negotiate prices dynamically.
  • Trust mechanism: Establishing trust between agents without third-party intermediaries.
  • Token exchange: Enabling secure and efficient token swaps between agents.

Functionalities ​

Otmoic addresses these challenges with the following key implementations:

  • Identity Binding & Node Discovery: Using Olares ID for decentralized identity management and node discovery.
  • RFQ-Based Price Discovery: A request-for-quote (RFQ) mechanism that allows for efficient price discovery and negotiation.
  • On-chain Reputation Mechanism: Built on the Snowinning Protocol, Otmoic uses decentralized IDs (DIDs) and Verifiable Credentials (VCs) to provide secure identity management and reputation frameworks for traders and liquidity providers, addressing the free mint problem.
  • KYC Support via VCs: Ensures identity verification without compromising decentralization.
  • Atomic Swap Support: Facilitates trustless, on-chain atomic swap transactions.
  • Automatic Market Making (AMM): Liquidity providers can engage in automatic market-making by installing applications on Olares, the decentralized web node.

Application scenarios ​

Omotic’s ecosystem comprises various tools such as the website app, wallet, dashboard, LP kit, relay kit, and SDK, supporting bridge, trade, and OTC operations. Its design ensures widespread applicability across DePIN, AI agents, creator economies, crypto trading, cross-chain operations, and fiat-crypto gateways.

Benefits as a Web3 RFQ network ​

Omotic stands out as a decentralized RFQ network supporting secure cross-chain value exchanges. As a permissionless, automated network based on atomic swaps, it facilitates exchanges across L1 and L2 blockchains without relying on asset pools. This design offers numerous advantages, including:

  • Enhanced safety
  • Faster processing (notably for withdrawals)
  • Lower costs
  • Resistance to censorship
  • Higher capital efficiency
  • Support for non-EVM native assets
  • Improved user experience