Instant Liquidity API

What Is It

The Mystic Instant Liquidity API gathers DEX liquidity and trading firm bids to find the best possible path to give instant liquidity to any supported asset, via a transparent and competitive auction mechanism. This can be used for a) instant redemptions or b) liquidating money market defaults that fallback to non-instant redemption mechanisms.

The API is custom-built for RWAs, and assumes trading firms advance the liquidity to fill the order and receive the corresponding collateral plus a premium for doing so. They can then redeem that asset for stablecoins after waiting for the asset's corresponding redemption time. The API is modeled after the 0x Protocol Orderbook and RFQ Orders, and adapted for RWAs. Settlement is atomic, making sure no capital is at risk and only moves when a swap is confirmed.

A couple of things to note:

• The API has a smart routing feature, which enables it to settle a position across multiple bids (e.g. 20% on an AMM and 80% with the best trading firm quote).

• The API also has a fallback feature - if the winning bid backs out, the trade will go to the second-best bid and so on.