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Overview

Instant Swap provides single-step execution on CLOAK. It executes a swap in one step while breaking the on-chain link between the user wallet and the execution transaction.

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How it Works

  1. Intent Signing: The client signs an off-chain intent specifying input token, output token, and minimum amount out.
  2. Orchestrator Processing: The orchestrator verifies the signature and assigns an available Executor Wallet.
  3. Execution: The Executor Wallet submits the swap transaction to the Solana blockchain.
  4. Settlement: Output tokens are transferred to the specified destination address.

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Benefits

  • Privacy: The user wallet does not submit the swap transaction.
  • MEV Mitigation: Execution is submitted by dedicated executors, reducing the ability of MEV bots to front-run the user wallet.

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Fees

  • Service Fee: 10–15 bps (0.10% - 0.15%)
  • Network Fee: Standard Solana transaction fees (borne by the executor and included in the service fee).