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Ionic Swaps Guide

This example illustrates and explains the usage of a technology we call IonicSwap, which involves exchanging one asset for another within a single transaction.

Such a transaction is created collaboratively by two users using a secure trustless mechanism (see section 2.4 in whitepaper "Consolidated Transactions"). Initially, one user creates one part of the transaction, and then the second user adds the second part necessary for the transaction to become valid. Afterward, the transaction is sent to the network.

Traditionally, we will use the commonly used cryptographic designations for the parties involved - Initiator and Finalizer. Initiator will act as the initiator, creating the Ionic Swap Proposal and sending it to Finalizer, who will then make a decision whether to accept it or not.

Let's assume that the native token Zano is circulating in the network with an asset_id of "d6329b5b1f7c0805b5c345f4957554002a2f557845f64d7645dae0e051a6498a".

Additionally, let's assume that there is a token called CT with an asset_id of "e03a140b8447d2895290022b25c06bdabea514e2475ae56ce5bcbc554ab9865c".

Let's assume Initiator has the following address and balance in her wallet:

ZxD4VNFRSHwMK3DY2Ka66C4SxGiAesSfrcC7vn1u6PSpjMq5v54Pt4wiW4FfGWtrJ55WuvoXtCCYeAL6mEvYU7na1xQioGffJ
balance unlocked     / [balance total]       ticker   asset id
16387469.748                                  ZANO     d6329b5b....51a6498a
14.0                                          CT       e03a140b....4ab9865c

And Finalizer has a wallet with the following address and balance:

ZxDAcbaxXkyWRgYbeARBpngfmFat5TjDjjQA5NAbouB9eytwGWJqA5shAVYeCAHWPo254DF2o2X1td79PNvRr2Yc1b9Ep67ff
 balance unlocked     / [balance total]       ticker   asset id
   11738.97                                   ZANO     d6329b5b....51a6498a

Initiator is planning to offer Finalizer to exchange 2 coins of the CT token that she possesses (but Finalizer does not) for 10 native coins of ZANO (which Finalizer has). To do this, she generates a proposal through an API call ionic_swap_generate_proposal in her wallet with the following parameters:

{
  "jsonrpc": "2.0",
  "id": "0",
  "method": "ionic_swap_generate_proposal",
  "params": {
    "proposal": {
      "to_finalizer": [
        {
          "asset_id": "e03a140b8447d2895290022b25c06bdabea514e2475ae56ce5bcbc554ab9865c",
          "amount": 2000000000000
        }
      ],
      "to_initiator": [
        {
          "asset_id": "d6329b5b1f7c0805b5c345f4957554002a2f557845f64d7645dae0e051a6498a",
          "amount": 10000000000000
        }
      ],
      "mixins": 10,
      "fee_paid_by_a": 10000000000,
      "expiration_time": 0
    },
    "destination_address": "ZxDAcbaxXkyWRgYbeARBpngfmFat5TjDjjQA5NAbouB9eytwGWJqA5shAVYeCAHWPo254DF2o2X1td79PNvRr2Yc1b9Ep67ff"
  }
}

As destination_address she set a Finalizer's wallet address, to make sure that he'll be able to decrypt payload data, that needed to finalise transaction and properly read it's details.

In fee_paid_by_a she specifies how much fee of this transaction Initiator willing to pay. If fee is not enough, Finalizer supposed to add more fee to fulfil network requirements

In a to_finalizer entry Initiator put list of assets that she wants to transfer to Finalizer, in our case it's only asset "CT" with asset_id "e03a140b8447d2895290022b25c06bdabea514e2475ae56ce5bcbc554ab9865c".

In a to_initiatorentry Alic put list of assets that she expect to get in exchange, in our case it's 10 coins of Zano (native asset_id "d6329b5b1f7c0805b5c345f4957554002a2f557845f64d7645dae0e051a6498a")

As a result of this API call Initiator receive proposal in raw hex format:

{
  "id": "0",
  "jsonrpc": "2.0",
  "result": {
    "hex_raw_proposal": "000202250b1a834f0000000000001a7b230000000000001ae0060000000000001aac130000000000001a69500000000000001afa040000000000001a22110000000000001ad11e0000000000001a10070000000000001a8b0a0000000000001a5d14000000000000569db37a54d85d21f5c569bb1e0febcca0dbe53ff15679adf3771b3981255dd801110407250b1a39110000000000001ad4070000000000001aec1f0000000000001a770d0000000000001ad6170000000000001ae2160000000000001aff390000000000001aff0e0000000000001ac71c0000000000001ae2070000000000001aa60400000000000079856112b2c15d5aefb1898be49634bcaef59007846b768f9ba7709340869b5701110407070f001001165eef9fef396fad7229deb913793c3ab867ed1a4e27d696e1ebe401858e14aa571700000b02b0e20b02ad702700e40b54020000000426aa2d51cb9c96a5803a0186886c051f45800ed9b7784d7a86da6679accd71ede95ce5534238e1eaa7569981977901bcf50495474ef28ec5df5592bdf5a139b5de926e525f0c659868964292093d19d723d19c07f4b46dccd6dccad0e62964cfcb625de2d2cb821ec5804b13f601e72924dcb428a1cbeca1becb0d5ab5744effe008023327bdf8a39e0026590b3429a073d0fa54dd8d6ce7465e2dfa9121e75df349938ea5d8391c02c7c32db01f14b076d099ba30c280702cbf1a5b501263d9b775164332d02582f33a1610c9e09b454e265a00f118f81d92e0a5740d3e621762976603494f7e6e2ce5e6505011065873c185424ccb6bc94344116a7a83f16c34cbb5873bd2f9781a8ad16e8638d11a6acecf002621d8dfd0e90acccb36085232dc1403239e3f1409157fd4bfce85c098030cc53de57916d6461b939f72c5fce64f83436f78b492827ff871951dd085817586f4cfa27d74b635b059e21f0ffb998e17a0135aa0201302aa7c1c9b05a926b0185ac927e76f70345f50bc183c106455524943b22eacbae8aa418469d9abeda154fe48b2f32ff93f80de5f0026c2e4a55bb95e387610b64560ea19a5f5d49cdf98bfc1e09c7ee035771c674574b997e3a9877c1997a1c379b6f7502b30714808fbe1114c969e8766c7bfdc5b6b1c4870fddbdb25340a1d1faf36349227a8398345e63ea1f53e7677fed22cdd130e13186baab99aacdbf26fde0e68593cc03392d48316a96eed8e7c1c0b8c9bf72ac55c4a4c41a33e0000022bade112efdab69a6d9034457cb8cbd20855916e432f0e21c08808c2c030d91db95f0d818839ee396bdb04ca102affa6a481c8308c094e47a008c39234218523fc145d5f56a81a3162822f55cb652947d6b96f892746da5945822e7e31ee2fe9080b1e1739e7478f80a83fed48083497a2417b5dff4f68c046f768a13251960463081ec1a5c717590c6bad0c322cb843943afa9d39663102453ec9135ffa31540f00fefb23797685ad800e6b21c2cc4960d3aa2362469ab4c91c750038d775bae10b54b9c8a6ae0ef5404033abba075e1ef10591457964586eb5c87e6c50e7bf36049658f2809f199d0ebb15814110be62be439942e062dadb0d556706abafa1650ab4308b03ea8e26ba36f692ee6ca132dd38cbef9fac9278014b58afc4b2cb2c0dc065c6a796125adc1db765fcafd6a13a6e63310255d6b17baa9fa3320795360e69f93e1288155e9a88de1484291a38c2adea8678c20470377eb7e41861d8ed075c5eec28c9822c7df5f9dbec8722ea6e3f337835360e521913b8e0023658ab0f06c93ecba5c364f09aa688448bc45a4dcc0aaa68f137fea1d26a7d76fa2aef0dac86351529d72555347654d6e9383f0de367ed516ad5ed1bdc2ef95b94399f040b0030361df1289f59ed603b6caa3d6d5e699f2d1a1358a1bbf5ac2c7aca18ad06f7e4495a4c87a8d5efc1fdd12898230dd512f99536f11113a16b5ff1f529f101b040d98f46ecc46bd486b6cee40038b19575a155fe956c84274693c70bd3fd044cbada51d28cf4e6ac78e0b917420ef1fe6ea6c0f3bbf26d5fc075534a328f02ff332efba7d43e4a00d2a2de75a886743830b16667f516e89b9e3b8da79253093e65f0bb42fe0b2ca9e179aba709f4b40e59efde4e35049a9dc6550226da6703b14a81a3b021b0df1486df6e353cf1f84e85a56dff10410e046822945a033d0f6373145d7b125a6727d6419412fcfc3092999bb48df33561d2f4038043c5f80c1cb31b622eaa49184a5eb2dbaecf5f0d700d385bf2efa76e1924a671922f0a0093a4a389f955027e5dead32386f83e73e9ced6705ee5d0d6557d62ab68b5b90cc5d4e70f153ce169127b9c4353919522a0d50051f041d3d095dda37c5ac7330dbe3a8ff695a6cc04697bae5555484667f4846a02f71e5c616cff447db83e0e8d153c0691cb4dc39f79621dc0cb5365f95a09d71f125eff113971ff211959bb4d2b69d15f24de2de1f9605d66cafed790530926b7f644ff0167d3afeffbd3089aa41a33de8bc5f00f7ca9da416e898a9f414540c553eca35c74c6fb9545d1b94b8871ef859bb8f09c2a7c33e4dd6b59fae2381317d48bd960052b4bc08b0323ba020b34bafd86b9291e66aec22fd3a6d91621cbff1c4362f8fefe418d615c584a770cb4b529b043aff5e92762f4a647b21baacf7d537cd8fce2e9e5bb425cb49ff10302067dfb207acdc6ce237343c75331f776365403f66a573df0e502cc8bf5c20f4073ff178cf9be9f1c72814c4cab766148f06ad8ad3b4e931fe7bad941e25b0fe087f3aff200f712e03c72d27bbc3955b382288347d6a6ea1504227e6a3a21051440c1c6067a23f29bb2fef7d2b3f7b73cfac49c401f8356e524a0353faf49072af973d38b03cb3712d08b3db5bada8b00cd73339da8a10b827a62885308240a06befa382f23083f1be64ab06e89ac1e5d4543d82d80c8cdecc51cd368f1de020042f8f830f0f716d28e918a41c63ad66e4cd6a1ab99dbd52d428573195b3e0a61854b1b1c2c4cc297712a2be90857498c6e5d992f80ca7505646ca649301e0171b4c0e8a6fa325df8884650ec4140fc935336e05d58be0c2dbc43b686d0720d0bfaaf421156be195330aa2340a0b8286a1cf452ccd66220fb2016feb3da33010c0b24ec42f88ccfb71a04ccdfac3622e98c3ab3e06079a2d088d50299e900b40ac9029393bc178a86657e7c961e0e2fdc16fe06c8ba9c7750e67fb4de042a0a0e6f89865f07fcb7fe7b22e8148e82ede8e4db69a4d64b55f334057115e8d2d401ea0e010e53062638db08e74807235196e79881e6f9008cf778080b9efe9c770de10055bd24dd555628904331a74cc887fcc2649c8f8de619cdfa95d5809c8509071082c0af143791ea3665b9e2e03a381c1d501fd8d20e28e2d1f66821c806031578f9d3d5c9a44a3eb7749e8e93ac5856fb08a51e94bc7a816789065291da02cd6e54b6fd321c3f03052927800b2e2c601a68707f50b802c08320356620b70ba021945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  }
}

hex_raw_proposal contains proposal transaction template(half-creted transaction) and additional encrypted data, that would be needed by Finalizer if he'll be accepting this swap operation.

After Initiator got this response, she sends hex_raw_proposal to Finalizer by messenger/email or any other available channel.

After Finalizer receives the raw proposal from Initiator, his first step is to analyze the proposal and ensure that the transaction entails the conditions that suit him. To do this, he calls the API ionic_swap_get_proposal_info from his wallet and obtains the proposal details that are validated by his wallet using his keys. In our case request and response supposed to look like this:

Request:

{
  "jsonrpc": "2.0",
  "id": "0",
  "method": "ionic_swap_get_proposal_info",
  "params": {
    "hex_raw_proposal": "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  }
}

Response:

{
  "id": "0",
  "jsonrpc": "2.0",
  "result": {
    "proposal": {
      "expiration_time": 0,
      "fee_paid_by_a": 10000000000,
      "mixins": 10,
      "to_initiator": [
        {
          "amount": 10000000000000,
          "asset_id": "d6329b5b1f7c0805b5c345f4957554002a2f557845f64d7645dae0e051a6498a"
        }
      ],
      "to_finalizer": [
        {
          "amount": 2000000000000,
          "asset_id": "e03a140b8447d2895290022b25c06bdabea514e2475ae56ce5bcbc554ab9865c"
        }
      ]
    }
  }
}

🚧 IMPORTANT

It is critically important for Finalizer to analyze this structure and ensure that the conditions described therein perfectly reflect his intentions regarding the upcoming swap transaction.

After Finalizer reviewed structure of the proposal, he call API ionic_swap_accept_proposal and by calling this he execute the swap operation.

Request:

{
  "jsonrpc": "2.0",
  "id": "0",
  "method": "ionic_swap_accept_proposal",
  "params": {
    "hex_raw_proposal": 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  }
}

Response:

{
  "id": "0",
  "jsonrpc": "2.0",
  "result": {
    "result_tx_id": "c08522c94355524cc8a1fa1514419814e99989ba503382256cbffc39a733a186"
  }
}

This operation is irreversible. Upon confirmation, the balances of both parties should be updated according to the swap structure.

After swap tx got confirmed,Initiator balance change would look like this:

height 42712, tx c08522c94355524cc8a1fa1514419814e99989ba503382256cbffc39a733a186
           2.0            spent CT[*]
           9.99           received, ZANO
Refresh done, blocks received: 42775
 balance unlocked     / [balance total]       ticker   asset id
 16387479.738                                  ZANO     d6329b5b....51a6498a
 12.0                                          CT       e03a140b....4ab9865c

Pay attention to transaction c08522c94355524cc8a1fa1514419814e99989ba503382256cbffc39a733a186. For Initiator's wallet, this transaction simultaneously sends the CT token and receives ZANO (the amount minus the transaction fee).

For Finalizer balance change would look like that:

height 42712, tx c08522c94355524cc8a1fa1514419814e99989ba503382256cbffc39a733a186
          10.0            spent ZANO
           2.0            received, CT[*]
Refresh done, blocks received: 42776
 balance unlocked     / [balance total]       ticker   asset id
   11728.97                                   ZANO     d6329b5b....51a6498a
   2.0                                        CT       e03a140b....4ab9865c

From Finalizer's wallet perspective same transaction c08522c94355524cc8a1fa1514419814e99989ba503382256cbffc39a733a186 sends 10 Zano and receives 2 CT tokens.