Velora Delta

Learn more about Delta, the Velora crosschain Intents-based trading protocol.

Velora Delta is a new set of smart contracts developed by Velora. It's built on top of the Portikus Intents network and is currently available on Ethereum, Base and Optimism networks.

With Delta, users can trade crosschain, gasless and with enhanced protection from MEV Extraction, allowing for a smooth experience and the best prices possible. This is done by implementing an agent-based order execution, in which a selected agent executes the swap on behalf of the user - even across different chains.

Key Features

Thanks to its Best Execution method, Delta can deliver the following advantages over the standard Aggregation Protocol:

• Crosschain Execution: Delta allows users to express intents across networks — for example, swapping USDC on Base for USDC on Optimism — without bridging or needing gas on the destination chain. Settlement agents handle all crosschain routing and execution transparently.

• Price Competition: through its innovative settlement method, Velora Delta’s price execution will become increasingly competitive as different agents compete to deliver the best possible prices to users.

• Gas Abstraction: Velora Delta’s agent-based best execution enables users to submit a trade without paying gas to the blockchain. Users only need to permit the token, which is done without paying gas, and the trade will be executed for them.

• MEV Risk Minimization: users can avoid many potential MEV attacks currently present when trading on-chain, delivering more significant price improvements.

• Seamless Experience: leveraging Velora’s user-friendly interface ensures that anyone can trade on Delta with ease, no matter their expertise level.

How Velora Delta processes orders

Whenever a trade is submitted through Delta, its Smart Order Execution relays trades through three distinct steps:

1. Order Relay: After order submission, valid orders are forwarded by Velora to the Portikus network, an abstracted network dedicated to Agent coordination.

2. Agent Selection: Once in the Portikus network, an auction is published to determine the winning Agent that will execute the swap.

3. Contract Execution: Finally, the Agent calls the Velora Delta contract and executes the swap for the user.