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  • Key Components
  • Flow Overview

radFi Actions Flowchart

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Last updated 1 month ago

Key Components

Frontend (FE)

  • User interface for sending actions and signing transactions.

RadFi Backend (BE)

  • Processes requests, generates PSBTs, and handles transaction broadcasting.

Pending State Contract

  • Temporary contract validating transactions before final submission.

Validator

  • Ensures transaction validity before sending it to the Main State Contract.

Main State Contract

  • Stores finalized transactions after validation.

Bitcoin Chain

  • Bitcoin mainnet where transactions are permanently recorded on-chain.

Database (DB)

  • Stores transaction-related data for tracking and verification.

Flow Overview

1. Fetch Pool and Ratio Data

  • The FE retrieves pool and ratio data from the user.

2. User Action Request

  • The user initiates an action via the FE, which sends a request to the RadFi BE.

3. Generate PSBT (Partially Signed Bitcoin Transaction)

  • The BE creates a PSBT and sends it back to the FE for user signing.

4. User Signs PSBT

  • The user signs the PSBT and returns it to the BE.

5. Broadcast Signed Transaction to Pending State Contract

  • The BE broadcasts the signed transaction to the Pending State Contract.

6. Transaction Validation

  • The Pending State Contract processes the transaction and returns a success/failure status.

7. Notify Frontend

  • The BE relays the transaction success/failure result back to the FE.

8. Validator Processing

  • If the transaction is successful, the BE sends the signed transaction to the Validator for final verification.

9. Broadcast Final Transaction to Main State Contract

  • The Validator broadcasts the final transaction to the Main State Contract.

10. Transaction Finalization on Bitcoin Mainnet

  • The Validator broadcasts the fully signed transaction to Bitcoin mainnet, completing the process.