Cube.Exchange releases Litepaper: Guardians will act as trusted third parties to reduce fraud risks

The blockchain hybrid trading platform Cube.Exchange officially released Litepaper. According to its introduction, the main features (or functions) of the platform include: 1. Guarantee user autonomy: Its design combines the accessibility and efficiency of Web2 structured places with the user self-determination of Web3 platform; the exchange layer facilitates transactions, while the settlement layer handles the resulting settlement; 2. High speed: The exchange layer uses Web2 technology for its central matching engine, programmatic market connection, web UI, account management and recovery, KYC/AML process, multi-chain support and other key front-end functions; 3. Enhanced security: Cube.Exchange’s net settlement calculation is independently verified by the Guardian network, and transactions are settled on the chain, using MPC technology; the platform only supports transaction matching and settlement, and cannot unilaterally control the flow of funds; 4. MPC Vault: Once a "Cube Client Account" is created, it is possible to generate the private key material that constitutes ownership of the "MPC Vault"; this allows one or more isolated non-custodial digital wallets (MPCs) to be jointly derived for each native blockchain wallet), MPC Vault is a collection of all MPC wallets; 5. In order to interact deeply with the platform, users need to complete the KYC/AML process; 6. If illegal activities are discovered, or the risk tolerance of the platform may be exceeded, the relevant user accounts may be frozen; 7. Guardians: Trusted third parties that serve as independent verification and trust mechanisms, minimizing the risk of fraud or abnormal transactions while assuming limited liability. They will involve the platform transaction authorization process to prevent any single entity (including the platform itself) from unilaterally manipulating or abusing user funds. Candidates include reputable validators or VaaS, mature technology companies with industry experience, and trustworthy financial institutions. (such as banks or investment companies), Cube community representatives elected by voting or nomination. According to previous news in October, Cube.Exchange completed a US$9 million seed round of financing, with participation from Asymmetry Technologies, Everstake, Foundation Capital and others.