Smart Contracts for Trading on Bitavon DEX

Bitavon utilizes Ethereum smart contracts to manage all trading operations within its decentralized exchange framework. These smart contracts are essential for facilitating secure and autonomous trading, depositing, withdrawing, and managing of trades according to the ERC-6787 standard.

Core Functionalities of Trading Smart Contracts

1. Deposit Contract:

   • Purpose: Allows users to deposit digital assets into the DEX to be used for trading.

   • Function Signature: function deposit(address token, uint256 amount) external;

   • Mechanics: The contract records the deposit and updates the user’s balance within the exchange, ensuring that tokens are locked and secure.

2. Withdraw Contract:

   • Purpose: Enables users to withdraw their assets from the exchange.

   • Function Signature: function withdraw(address token, uint256 amount) external;

   • Mechanics: This function checks user balances and initiates a transfer of the specified amount of tokens back to the user’s wallet, ensuring a secure transfer process.

3. Trading Contract:

   • Purpose: Manages the core trading functionality, including order placement, order matching, and order execution.

   • Function Signature: function placeOrder(address token, uint256 amount, uint256 price, bool buy) external;

   • Mechanics: Users submit buy or sell orders, which are then matched by the DEX’s order-matching algorithm. The contract handles the exchange of assets between buyers and sellers, updating balances accordingly.