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Money Movers

Money movers are entities using Lidian to efficiently and compliantly optimize their flows by moving between stablecoins and chains. Common actions include payments, remittance, treasury management, rebalancing, and RWAs.

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Liquidity Providers

Liquidity providers (LPs) gain access to free flow which allows them to earn revenue from filling orders. LPs uniquely gain access to automatically discounted purchase options on Lidian where incentives are baked into the cost.

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Orders

Orders are created from intents and represent executable movement instructions with specific terms. Orders allow for swaps, bridging, and multi-currency cross-chain movement to occur through a unified interface.

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Fees

Every order has a fee. The fee of such an order is calculated based on the most expensive token in the order. The fee is split between the protocol (Lidian) and the LP at a rate determined by the protocol.
LPs can waive or reduce the incentive paid to them at any time which reduces the cost for the money mover by providing a higher output amount
LPs can optionally cover the protocol fee at any time which reduces the cost for the money mover by providing a higher output amount
LPs can optionally offer suprlus to the money mover at any time which makes the money mover profitable

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Quotes

Liquidity providers submit competitive quotes for orders, allowing you to choose the best execution.
During the quoting process, the LP needs to decide how they will manage fees and surplus. This cannot change after the quote is sent.

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Status

Orders operate within a finite state machine in their lifecycle on Lidian. Understanding this process is crucial for money movers and liquidity providers.

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Orders Status

  • Unknown: Orders has not been submitted to the protocol
  • Active: Order has been deposited and tokensare locked, awaiting fulfillment
  • Filled: Order has been fulfilled, pending settlement
  • Cancelled: Order has been canceled and tokens are available to withdraw
  • Settled: Order has been completed and tokens have been transferred to the liquidity provider

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Settlement

Lidian supports multiple patterns for settlement. Single-chain settlement is used when a money mover is looking to move between two stablecoins without leaving the current blockchain (e.g USDC -> USDT on Polygon). The type of settlement in such a scenario is determined by the liquidity provider, however, even delayed fills should execute quickly as there are deadlines baked into all transactions. Cross-chain settlement is used when a money mover is looking to move between chains and optionally between stablecoins (e.g USDC on Base -> USDT on Arbitrum or PYUSD on Ethereum -> PYUSD on Avalanche). Cross-chain settlement therefore is idealy for both the traditional concept of bridging stablecoins in a compliant manner or for moving between assets cross-chain.

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Single-Chain Settlement

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Atomic Swap

This process allows for the immediate exchange of tokens in a single transaction. This enables liqiudity for both parties to stay 100% liquid with no lock ups, cross-chain waiting, or secondary transactions.

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Delayed Fill

In cases where the liquidity is not available immediatley on a selected quote, the tokens for the money mover are first locked and then later fulfilled once liquidity is available.

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Cross-Chain Settlement

1

Deposit

The money mover’s tokens are locked on the source chain
2

Fulfill

The liquidity provider fulfills the order on the destination chain by providing the tokens
3

Settle

The liquidity provider executes a message on the destination chain that is delivered to the source chain that confirms the fulfillment and unlocks the source chain tokens for the liquidity provider

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Withdraw

Lidian utilizes an internal ledger for balance changes as it’s far more gas efficient.