The cryptocurrency industry is rapidly expanding, with new projects on various blockchains launching each month, offering unique services. The sector has especially seen immense growth, with over 13,000 projects launched, growing from 9,000 as of 2023.

Swapping assets across these blockchains can be a stressful process. Users typically have to find a DEX that supports both the original and desired token’s blockchain, offers the best rates, and does not pose any potential liquidity risks. Finding the most cost-effective swap route among many projects can be time-consuming and requires manual comparison across multiple platforms.

With that in mind, there is an obvious need for a project to arrange and store multiple projects, creating a new and easier method of transferring assets. Rubic Exchange is one such project, aggregating hundreds of DEXs and bridges for users to swap tokens easily without any hassle. This article will dissect how Rubic makes this possible, thus paving the way for a more interoperable future for cryptocurrency.

What is Rubic?

Rubic is a decentralized exchange that allows users to swap tokens easily across blockchains and networks, including Bitcoin, Ethereum, Arbitrum, etc. With its easy-to-install widget and customizable SDK, Rubic offers full interoperability between different networks.

This project stands out because it simplifies comparing rates and liquidity across platforms. It has compiled over 70 blockchains and testnets, allowing them to swap over 15,500 assets with the best rate and highest liquidity. Currently, out of the 2,150 live dApps available, up to 6% (130) are interoperable with Rubic, and it also offers users access to over 220 DEXs and bridges.

Furthermore, Rubic contributes up to 32% of its volume to its integrated cross-chain providers, solidifying its role in its ecosystems’ development by bringing in more users and transactions to their platforms.

History of Rubic

Rubic was launched in September 2020 as the first project to introduce “One-Click” cross-chain swaps. Since then, it has become one of the industry leaders, providing cross-chain swaps and aggregating decentralized exchanges (DEXs) and bridges to ensure the best rates for on-chain and cross-chain swaps in the cryptocurrency industry.

The project was founded by Vladmir Tikhomirov and Alexandra Korneva to be the go-to solution for cross-chain functionalities. The Rubic team is based in different locations internationally, with most employees based in Eastern Europe, Germany, UAE, and the USA. The team comprises Chief Technology Officer Eugene Korol, CMO Elena Nova, and CBDO Sven Michael. Other team members include Collin O’Brien, the Head of PR; Dmitry Sleta, the lead front-end developer; and Yegor Obukhov, the head of the support team.

How Does Rubic Work?

To understand how Rubic works, we must first understand what a multichain DEX aggregator does. A multichain DEX aggregator pools the liquidity from decentralized exchanges (DEXs) across multiple blockchain networks. Traditionally, DEXs could only be accessed from one blockchain network. But, with the Rubic exchange, users can swap tokens instantly across different networks from a single platform.

Diving deeper, Rubic’s architecture revolves around three core modules: external API providers, an RPC node, and a cross-chain manager. The RPC node facilitates communication with other blockchains, while the cross-chain manager acts as the conductor. It queries the providers’ APIs and initiates transactions through Rubic’s secure smart contracts. These contracts, in turn, interact directly with the contracts of bridges and DEXs, ensuring smooth and transparent execution of cross-chain swaps.

For swaps within the Ethereum Virtual Machine (EVM) ecosystem, Rubic leverages a network of natively integrated DEXs like 1inch, OpenOcean, ODOS, and XY Finance, further optimizing the swap process.

Moving on, Rubic draws liquidity from other prominent DEXs in the industry, which creates a more stable trading environment with less slippage. As such, it can process larger orders since transactions are routed through several exchanges to find the best possible prices.

Interoperability is a crucial factor in Rubic’s operation, and it achieves this with a significant focus on cross-chain compatibility. Since the project aims to be the frontrunner in interoperability, it is unsurprising that it also takes its security very seriously. As one of the most experienced projects in the cross-chain market, Rubic has developed an elaborate and robust security system to protect itself, its users, and its partners.

For example, Rubic incorporates various bridges and decentralized exchanges (DEXs) to allow Rubic to switch off any provider that suddenly goes out of operation and redirect the user to an operational one. Because it aggregates over 220 bridges and DEXs, Rubic can guarantee enough liquidity for a swap even if providers run out of liquidity or get hacked.

Rubic also boasts an extensive infrastructure, team, and developer support, which allows for developing more innovative measures to ensure the safety of the swaps.

Additionally, Rubic never keeps users’ funds on its front end, and every transaction is performed by an API sending calls to other smart contracts. These smart contracts use Gnosis Safe to enable secure asset management. This decentralized approach reduces attacks from vectors like DDOS.

Rubic’s Main Features

Rubic Exchange is a complete solution aimed at interconnecting blockchain solutions and offering users convenient access to these projects. Some of the project’s standout features include:

Rubic SDK

Rubic Exchange offers a software development kit (SDK) that enables users to bridge their dApps with various on-chain and cross-chain swaps while also allowing its partners to earn up to 50% of the commission generated by their platform. The SDK is built on Rubic’s robust cross-chain protocol, and it offers free integration with up to 200 decentralized exchanges (DEXs).

Furthermore, the SDK can be integrated into any JavaScript application, regardless of the framework used (including React, Angular, Vue, etc.), or even in standalone JavaScript applications without frameworks. The SDK also has an auto-refund function and offers smart routing functionalities in the event of a provider malfunctioning.

Rubic Widget

The Widget is a single line of code that can be easily integrated into crypto swaps to unlock Rubic Exchange’s full power. It also provides on-chain and cross-chain swaps in one click and processes an average transaction in 90 seconds with no transaction limits.

Along with the total convenience of accessing Rubic Exchange from a widget, users also enjoy various benefits. For example, users can earn up to 30% of adjustable trading fees generated through the Widget while staying ahead of the curve by receiving updates on newly launched tokens within minutes. The Widget also features a minimalist design that can blend with any interface, and its integration can be completed within 15-20 minutes, saving time and resources.

Rubic Staking

Rubic Exchange also offers a staking program for users. The staking process is relatively straightforward; users can stake their RBC tokens quarterly, ranging from three to twelve months. The staking contract is then deployed on the Arbitrum Chain. After depositing RBC, users will receive an NFT containing information about the staking period and the amount of tokens deposited.

Rewards are distributed every second, and users can withdraw their staked tokens and rewards without issues. However, users can’t withdraw deposited RBC tokens until the staking period is completed. Users can earn up to a 100% annual percentage rate, which will be paid in ETH tokens on Arbitrum.

Security on Rubic

Rubic’s ecosystem is designed to support its place as one of the industry leaders in the cross-chain sphere. To ensure maximum security for its project, Rubic provides different security features, such as performance monitoring, accident management, and SDK Process Management.

Performance Monitoring

The Rubic team has implemented an efficient performance monitoring system that uses a Provider/Blockchain Monitoring Dashboard. This dashboard allows us to evaluate providers based on various metrics such as stuck transactions, daily volume, and refunds, and monitor SDKs’ live status. This approach greatly enhances Rubic’s ability to track performance and make data-driven decisions.

Accident Management

In an accident that affects a provider or bridge, Rubic immediately notifies all other integrators via Discord or Telegram. The compromised bridge is then paused in the smart contract and switched off for all integrators while Rubic redirects transactions to other providers simultaneously. Rubic also follows the same protocol if one of its SDKs encounters the same issue. Technical support is available 24/7 to assist with any problems that may arise.

SDK Process Management

Rubic is a platform that collaborates with other projects to provide the most reliable testing, staging, and production environments. It manages SDKs seamlessly, quickly, and securely by implementing a code approval process that involves developer reviews and a release approval process that includes reviews by the Product Manager and Quality Assurance team.

To reduce the risk of installing a compromised version, Rubic regularly audits its smart contracts and uses direct communication channels for updates, such as new version releases and comments. This positions Rubic as a platform for cross-chain swaps and a cross-chain toolkit for crypto projects.

What is RBC?

The RBC token is an ERC-20 token that serves as the native token of the Rubic Ecosystem. It is also the primary method of paying fees on the Rubic exchange, whether you’re trading crypto or using the broker function. While RBC is the preferred payment option, some fees can be settled with other popular cryptos like ETH and BNB.

Beyond fee payments, the platform’s revenue is split in half: One part goes towards operational costs, and the other bolsters liquidity, benefiting all users.

RBC Tokenomics

RBC has a total supply of 1 billion tokens and a circulating supply of 99.36 million tokens, with a current market cap of $3.16 million. The tokens were distributed as follows:

• 15.9% went to pre-seed holders
• 9% went to the Rubic team
• 15% was allocated to the seed round
• 5% was reserved for listing
• 25% was set aside for ecosystem growth
• 7% was allocated for liquidity
• 14% went to the Marketing Treasury
• 7% was earmarked for the loyalty program
• 1.7% was set aside for a retrodrop (a particular type of airdrop where users are rewarded with free tokens based on their past activities with the platform)
• 0.4% was set aside for the liquidity reserve

News on RBC

In its latest weekly report, released on April 18, 2024, Rubic announced that its development team is finalizing the integration of the zkLink blockchain and completing the integration of OpenOcean as an on-chain provider to the Mode and Rootstock blockchains. This will unlock more efficient swap routes and offer users better trade rates.

Is RBC a Good Investment?

Rubic offers a breakthrough in cross-chain technology, allowing users to swap their tokens for the best prices seamlessly. Despite being a blockchain industry leader, users must note that the cryptocurrency industry is volatile. As such, it is advisable to research and consult a qualified financial professional before investing in any project.

Take Action on RBC

Users can trade the RBC token on centralized and decentralized exchanges, including gate.io. Click here to view and trade your favorite currency pairs.

• RBC/USDT
• RBC/ETH