Introduction to Rubic and why it is the best Dex (Decentralized Exchange) in crypto.
Rubic Swap is a decentralized cryptocurrency exchange platform that allows users to trade, buy, and sell digital assets. One of the main advantages of using Rubic Swap is its low fees, which makes it an ideal choice for users who want to maximize their profits. The platform is also known for its high level of security, with features such as two-factor authentication, cold storage, and encryption to protect users' funds. Rubic Swap has a user-friendly interface that makes it easy for beginners to start trading. The platform also offers a wide range of digital assets to choose from, making it a great choice for those who want to diversify their portfolio.
Users can buy, sell, and trade digital assets on the Rubic Swap cryptocurrency exchange platform. It is a fantastic platform for people who want to participate in the cryptocurrency market and earn from trading's potential rewards.
Utilizing Rubic Swap has a number of benefits, one of which is the reasonable platform fees. The platform is a terrific option for people who want to increase their trading profits because it has some of the lowest costs in the market.
Another great advantage of using Rubic Swap is the security that the platform offers. The platform has implemented a number of features to ensure the safety of its users, such as two-factor authentication, cold storage, and encryption. This makes it a great choice for those who are looking to keep their funds safe and secure.
The platform also offers a user-friendly interface, which makes it easy for beginners to get started with trading. The interface is intuitive and easy to navigate, making it a great choice for those who are just starting out in the cryptocurrency market.
Rubic Swap also offers a wide range of digital assets that users can choose from. The platform offers a variety of coins, tokens, and other digital assets, making it a great choice for those who are looking to diversify their portfolio.
Why you should choose Rubic ?
- Rubic is completely decentralized and doesn’t call for KYC.
Rubic places a high premium on security. 24/7 assistance is provided. - You will always have enough liquidity for swaps as compared to bridges.
- Your money never leaves your wallet or appears on the Rubic Exchange app.
- The duration of a transaction ranges from a few seconds to a maximum of three minutes.
Right now, Rubic aggregates 60 major blockchains, 90+ DEXs and bridges, and enables swapping of 15,500+ assets with the best rates, highest liquidity, and transaction speeds - in one click. Users can do it on https://app.rubic.exchange/, but we also provide tools for dApps to enable cross-chain swaps.
On top of that, Rubic’s app and our cross-chain widget provide fiat-on-ramp services, making crypto easy to access and buy.
Rubic’s functionality can be implemented by any crypto project willing to become interoperable, with an easy-to-install widget and fully customizable SDK. Today, 130 out of 2,150 live dApps currently operating on the market have become interoperable with Rubic, which accounts for 6% of the total number of live dApps on the market.
We plan to expand Rubic’s dApp share and reach 25% of the total number of dApps in 2023.
Rubic’s tech remains sustainable and secure: we never keep the user’s funds on our frontend, and every transaction is conducted via API by sending calls to providers’ smart contracts.
Rubic is the ultimate solution for users and projects that seek to harness cross-chain, aggregating blockchains, bridges, and DEXs. Rubic is the all-cross-chain-solution aggregator for users and dApps: token and NFT bridges, signals, oracles, and smart contract executors.
For example:
- Now, by implementing Rubic into your project, users will be able to swap tokens and NFTs for any of 15,500 assets (including fiat payment methods with 250+ currencies) across EVM and non-EVM chains, without leaving your website.
- Your project will be able to communicate with other networks in a variety of ways, regardless of what blockchain they’re built on.
WHY SWAP WITH RUBIC?
As a seasoned cross-chain platform, Rubic described the special features that enhance the user experience:
- Recipient Address
The money isn’t always switched and sent to your personal wallet. Any wallet address can be entered to receive funds when swapping. My Profession
In the "My Trades" section, you can always check and keep track of your transactions. - Variable Gas Surcharges
You can always adjust it in the options if you wish to pay more or less for gas. But be careful of the speed: In order to maintain a quick and flawless switch, Rubic selects the most appropriate gas price for you. - Provider Choice
On Rubic you can choose a preferred cross-chain provider, after the transaction route has been calculated. Providers are displayed in a real-time manner, and you can choose the fastest provider, the most cost-efficient one, or you can simply opt for the best provider suggested by Rubic.
Why love Rubic?
🟩 Saves Time & Money
Spend zero money and 10 minutes to integrate the widget or 30 minutes for the simplest SDK installation.
🟩 Safety is a priority
Security is ensured via automated monitoring, and transactions to a corrupted service are switched off immediately.
🟩 Ever-lasting liquidity
Rubic’s SDK guarantees a swap even if one of the integrated DEXs or bridges runs out of liquidity or stops operating.
🟩 Extra revenue
Earn up to 30- 50% of adjustable trading fees via the Rubic SDK/Widget.
🟩 Dedicated Dev Support
If needed, Rubic’s team is going to assist you before, during, and after integration. You can contact our support team 24/7.
Rubic provides the tools for crypto projects to become fully interoperable across blockchains, with an easy-to-install widget and a fully customizable SDK.
With Rubic cross-chain tools, you can enable cross-chain swaps right in your dApp: trade 15,500+ tokens across 60+ networks, through the aggregation of 90+ DEXs and bridges!
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Customize and monetize cross-chain UI & UX on your page.
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Easy and fast: Integration takes around 10 minutes.
Rubic is the ultimate solution for Wallets / DEXs / Token Owners / GameFi / NFT, and any crypto project willing to go cross-chain.
Rubic Tokenomics.
The New RBC token Rubic, a Cross-Chain Tech Aggregator, has updated its tokenomics in December 2022, and this has been supported by a governance vote.
Its token, RBC, is an ERC-20 token, and it has recently moved to the new contract address.
The Rubic token serves as fuel for Rubic’s ecosystem and has the following token utility:
1. SDK subscriptions & Integration service fees in RBC
2. Grant programs for SDK integrators will be covered in RBC
3. Governance: Token holders can participate in decentralized decision-making.
4. Low fees for RBC holders: Cut costs of cross-chain calls, exchange fees, and gasless fees.
5. Distribution of partners’ airdrops to RBC holders
TOKEN SUPPLY AND LOCK PERIODS.
The new RBC token will be created on Ethereum (ERC-20) and listed on Uniswap V2.
The total supply to be minted in December 2022 is 176,000,000 RBC (it includes 159M which are already in circulation and 17M for retrodrops/marketing).
More RBC can be minted in the next few years (2024+) for additional marketing, partners, VCs, and ecosystem growth. The Max supply that can potentially be minted as per the new contract is 1,000,000,000 RBC. Emission dates are not set and are to be decided separately, if and when one is necessary. No other emission on top of 176M is planned in 2023.
The system of locks and vesting periods would help to prevent token price dumps (see the slide below for details).
As one of the seasoned players in the cross-chain market, Rubic has elaborated on the robust practices of maintaining security for its users along with SDK and widget integrators.
A high level of security is one of Rubic’s top priorities, and this is what makes Rubic stand out from the crowd in terms of security:
1. The integration of multiple bridges and DEXs allows Rubic to switch off the provider that gets out of operation, and redirect the user to a different, working one.
2. Rubic has a large infrastructure, team, and developer support, which allows for elaborating on more innovative measures to ensure the safety of swaps.
Rubic never keeps users' funds on its frontend, every transaction is performed via API by sending calls to other smart contracts.
Rubic's staking and treasury smart contracts use Gnosis Safe enabling secure asset management.
The Security Principles of Rubic.
SUSTAINABILITY
Rubic assures swaps and enough liquidity for a swap even if some of the providers stop working, run out of liquidity, or get hacked because of the combination of more than 70 bridges and DEXs. Rubic’s model architecture (Cross-Chain, On-Chain, Status Manager, Token Manager, Revert Manager) enables it to carry out fundamental operations even when other modules aren’t functioning properly.
DECENTRALIZATION
Only the Frontend and Blockchain servers are used by Rubic. As a result, attack vectors (such DDOS) are considerably reduced. Rubic uses the provider’s API and then processes the data using their services to determine the optimal swap agreement for the majority of cross-chain and on-chain providers. 24/7 Support and Auto-Refund Policy Rubic has 24/7 Live Support on Telegram, Discord, and built-in on our website. Also, we have a convenient auto-refund policy. In the case of specific transaction failures, Rubic’s team will complete your refund in the form of USDC tokens in 24 hours.
OPEN-SOURCE SOFTWARE.
We’re built on open-source software: Our site, validators code, and smart contracts are publicly visible for maximum transparency (Github).
Grants
Rubic has received grants from major blockchain platforms: Celer, deBridge, NEAR, Harmony One, Symbiosis, Bitgert, Polygon, and Telos.
TEAM.
The Rubic team has 20+ members. Our founders have large amounts of experience in the crypto space - starting in 2017 - and you can follow them on their socials. Check out LinkedIn or Twitter.
Security Measures
1. Audits (CertiK and Fairyproof) Bug Bounty Program
2. Status Monitoring
3. Additional security practices: performance monitoring, accident management, and Rubic’s SDK Process Management.
Rubic’s Security Pillars
Performance Monitoring
To ensure the high performance of Rubic’s cross-chain tools, Rubic’s team utilizes Provider/Blockchain Monitoring Dashboard, scores providers for stuck transactions, daily volume, refunds, and checks out SDK live status.
Rubic utilizes automated tools for monitoring social networks for any potential risks with bridges or chains. If any issues arise, we use direct channels of communication with all bridges and providers to react quickly.
Accident Management
If any critical issue arises with one of Rubic’s integrated providers/blockchains, Rubic’s platform as well as Rubic’s SDK/Widget continue to function by taking the following measures: All of Rubic’s integrators are immediately notified (via Discord, Telegram).
1. A compromised provider/bridge is paused in the smart contract and switched off for all integrators, whereas Rubic continues operating by redirecting transactions to other providers.
2. In case of any issues with Rubic’s SDK, Rubic takes the same actions — immediate notification of its integrators and switching off of the compromised provider/bridge. Rubic’s technical support is also ready to assist 24/7.
Rubic’s SDK Process Management.
Continuous integration and collaboration with other projects allow Rubic to build up the most robust principles of testing, staging, and production environment. Seamless, fast, and secure SDK management is fulfilled by the following:
1. A code approval process includes the review of several developers and a release approval process includes the review of the Product Manager and QA.
2. The smart contracts are audited.
3. Rubic uses direct communication channels for updates (new version release updates, comments) to reduce the possibility of installing a compromised version.
Overall, Rubic Swap is a great choice for those who are looking to get involved with the cryptocurrency market. The platform offers low fees, security, a user-friendly interface, and a wide selection of digital assets, making it a great choice for those who are looking to maximize their profits.
