AIP 85: Research and Deploy AirSwap on Base

[Koploseus]

Summary

Summary:

• This AIP proposes to Contributors to research AirSwap deployment on Base
• Base is EVM compatible but there may be timestamp issues that could impact orders with shorter expiries.
• Contributors should test the compatibility of AirSwap contracts on Goerli Base.
• If compatible, deploy contracts on Base when it goes live.

Specification

• Deploy AirSwap on Goerli Base testnet (https://docs.base.org/network-information/)
• Contributors to test AirSwap protocols on Goerli Base re issues with timestamps and expiries
• If compatible, contact makers and front ends to integrate AirSwap RFQ on Base once it is ready
• AirSwap OTC should implement minimum expiry times (via the front end) on Base if there are issues with short expiry times.
• Swap fees assessed on AirSwap will be the same as ETH mainnet.

Base is EVM compatible. However, Base is based on Optimism; the technology provided by Base may not be reliable in the shorter time scale, which affects the way quotes expire in the short term. This may not be an issue for OTC swaps, where expiries are long enough to be reliably estimated.

Contributors will perform and run different scenarios to ensure that AirSwap contracts (AirSwap OTC, AirSwap DEX) are compatible with Base Network. Once compatibility has been established, AirSwap will deploy the contracts and reach out to projects for integrations.

Rationale

AirSwap’s mission is to become the standard DeFi protocol for peer-to-peer trading. From AIP 49, the AirSwap DAO has established a multi chain strategy to prioritize rolling out AirSwap protocols to various chains. We have already successfully deployed on ETH, AVAX, BSC, Polygon and Arbitrum.

Base is an open-source cryptocurrency platform developed by Coinbase and Optimism. It operates as a Layer 2 solution for Ethereum aiming to bring scalability and affordable transactions for ETH network users. Furthermore, Optimism is building a superchain where various chains built on the OP stack will be interoperable. This means that there is a large potential for projects building on the Optimism Superchain to utilize AirSwap protocols. For example, AirSwap OTC would be useful for Institutions using Coinbase to conduct on-chain transactions with each other on Base.

AirSwap’s unique OTC protocols would be valuable to these projects, and we should deploy our contracts quickly there to take advantage of it. We will also continue to actively reach out to projects on the Base network that might be interested in integrating AirSwap OTC protocols.

Copyright

Copyright and related rights waived via CC0.

[Koploseus]

Updated according the google doc suggestions (wording)

[agriimony]

suggest a few more updates:

Summary:

• This AIP proposes to Contributors to research AirSwap deployment on Base
• Base is EVM compatible but there may be timestamp issues that could impact orders with shorter expiries.
• Contributors should test the compatibility of AirSwap contracts on Goerli Base.
• If compatible, deploy contracts on Base when it goes live.

Specifications:

• Deploy AirSwap on Goerli Base testnet (https://docs.base.org/network-information/)
• Contributors to test AirSwap protocols on Goerli Base re issues with timestamps and expiries
• If compatible, contact makers and front ends to integrate AirSwap RFQ on Base once it is ready
• AirSwap OTC should implement minimum expiry times (via the front end) on Base if there are issues with short expiry times.
• Swap fees assessed on AirSwap will be the same as ETH mainnet.

[Koploseus]

Summary

* There is demand for OTC trades on [Base](https://base.org/), a next generation layer 2 for Ethereum dApps.

* Base is EVM compatible but we may encounter timestamp issues that could impact orders with shorter expiries.

* Contributors would perform multiple tests to check the compatibility.

* Deploy if AirSwap is compatible.

Specification

* Deploy AirSwap V4 contracts on Base.

* Front-ends will have the ability to integrate AirSwap once deployed.

* Swap fees assessed on AirSwap will be the same as ETH mainnet.

Base is EVM compatible. However, Base is based on Optimism; the technology provided by Base may not be reliable in the shorter time scale, which affects the way quotes expire in the short term. This may not be an issue for OTC swaps, where expiries are long enough to be reliably estimated.

Contributors will perform and run different scenarios to ensure that AirSwap contracts (AirSwap OTC, AirSwap DEX) are compatible with Base Network. Once compatibility has been established, AirSwap will deploy the contracts and reach out to projects for integrations.

Rationale

AirSwap’s mission is to become the standard DeFi protocol for peer-to-peer trading. From AIP 49, the AirSwap DAO has established a multi chain strategy to prioritize rolling out AirSwap protocols to various chains. We have already successfully deployed on ETH, AVAX, BSC, Polygon and Arbitrum.

Base is an open-source cryptocurrency platform developed by Coinbase and Optimism. It operates as a Layer 2 solution for Ethereum aiming to bring scalability and affordable transactions for ETH network users. Furthermore, Optimism is building a superchain where various chains built on the OP stack will be interoperable. This means that there is a large potential for projects building on the Optimism Superchain to utilize AirSwap protocols. For example, AirSwap OTC would be useful for Institutions using Coinbase to conduct on-chain transactions with each other on Base.

AirSwap’s unique OTC protocols would be valuable to these projects, and we should deploy our contracts quickly there to take advantage of it. We will also continue to actively reach out to projects on the Base network that might be interested in integrating AirSwap OTC protocols.

Copyright

Copyright and related rights waived via CC0.

Updated