PHASE 2 of VOOI in simple words.

**     Chains will be abstracted** - so that you can trade any asset anywhere without leaving the trading application.

     If you are familiar with trading on DEX exchanges, you know that they are quite limited within the blockchain and trading pairs respectively. But at its core, VOOI is an aggregator of derivative decentralized exchanges. This means that in one application it is possible to trade in different blockchains. But in the first phase you need to switch from one exchange to another in the application. Accordingly, each of these exchanges has a separate balance within the VOOI application, which needs to be funded separately and positions need to be opened only within this balance. VOOI decided to go further into the very idea of DEX aggregation. It is an abstraction of the chain, thanks to which, in phase 2 there will be as if a single balance with the ability to open positions without switching. In terms of convenience and functionality it is like trading on a centralized exchange, but technically we remain on a decentralized platform. All in all, it's a win-win!

**     The SOURCE of phase 2 is to:**

To provide a CEX-like trading experience while maintaining decentralization. In other words - one-click trading between EVM and non-EVM chains.

A CEX-like experience is when you:

• Log in via your preferred cryptocurrency wallet or social/electronic authentication (Google Sign-In);

• Enjoy a much wider range of assets, blockchain networks, protocols - all in one app and on one screen;

• Make one wallet signature and enjoy using the trading app without frequent “sign wallet” pop-ups;

     Without making your funds available to third parties (exchanges), and without compromising an important feature - decentralization.

     Phase 2 was announced back in May this year with support for bridging and intent-based protocols. But research has shown that providing the ultimate CEX-like trading experience using only Intent-based bridges will not work

     VOOI tried to solve such a problem using bridges, but it complicates the architecture, adds manual work and reduces speed. Chain Abstraction allows to create a single structure for liquidity management in several chains, which saves resources and time. Chain Abstraction (CA) and Account Abstraction (AA) will become like an add-on in the VOOI application, both at the application level and as an interface. And all account and key management, bridges, oracles - in general, multiple backends now work in a single system ensuring smooth trading, reducing the average trading time per DEX for the average user of the VOOI application, keeping the level of decentralization at an appropriate level, where the maximum compromise of decentralization is the use of email as one of the authentication methods.

You can read more about it in detail here: https://x.com/vooi_io/status/1854755129397842395