How it Works
Welcome to the Future of Cross-Chain Transactions.
V1 (Currently released)
AnyToAny.io uses VIA Messaging to burn and mint an intermediary / utility token, $PAPER between chains.
Process Flow:
Token A swaps into blockchain native gas coin
Blockchain native gas coin swaps into PAPER
PAPER is burned on Blockchain A and minted on Blockchain B
PAPER on Blockchain B is swapped for the native gas coin on Blockchain B
The native gas coin swaps into token B
V2 Upgrade (Not yet released)
AnyToAny.io uses VIA Messaging in conjunction with Circle's CCTP Network.
Process Flow:
Token A swaps into blockchain native gas coin
Blockchain native gas coin swaps into USDC
USDC is burned on Blockchain A and minted on Blockchain B
USDC on Blockchain B is swapped for the native gas coin on Blockchain B
The native gas coin swaps into token B
The entire process, from using USDC on the source chain to receiving the desired tokens on the destination chain is often before you can switch chains in your wallet!
Stay tuned for more information!
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