Collateral Credits Clearing (CCC)
đź’ˇ What is CCC?
CCC is Gasyard’s internal clearing mechanism that decouples user collateral deposits from settlement execution. It enables Solvers to execute user requests without directly unlocking collateral from the source chain, reducing wait times and settlement risks.
⚙️ How CCC Works:
When a user initiates a cross-chain transaction, their funds are deposited into the source chain's smart contract.
Once deposited, an equivalent amount of Credits (pegged to USDC minus fees) is minted for the Solver on the destination chain.
Solvers can claim these Credits at any time and convert them 1:1 to USDC, securing guaranteed settlement without waiting for source-chain unlocks.
đź’ˇ Benefits:
Near-Instant Settlement: Solvers receive Credits on the destination chain as soon as the transaction is confirmed on the source chain.
Reduced Solver Risk: Since Credits are backed by pooled collateral in USDC, Solvers are insulated from source-chain slippage and unlock delays.
Liquidity Efficiency: Solvers rebalance using CCC rather than locking capital per transaction.
Dynamic Fee Structures: Fees are adjustable based on the volatility and type of token (e.g. stablecoins like USDC could have 0.1% fees while volatile assets may incur 0.5%).
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