An Overview of the Hourglass Marketplace Interface

The Hourglass Marketplace is an RFQ style swap facility for time-bound tokens. The marketplace frontend enables the following actions:

  • Order makers can create orders by establishing their desired fill criteria (encoded using EIP-712 digital signatures) which are posted to an off-chain order-book. On chain validation of these signatures is performed by the Seaport smart contract and only occurs at the time of fill.

  • Order takers can review the set of open orders and fill any orders that have terms that they find desirable.

On chain order execution occurs through Opensea's Seaport marketplace, which enables low-cost, non-custodial, atomic swaps of assets between the order maker and taker.

Last updated