Protocol Architecture
Understanding the components that power Bayex's gasless, high-frequency trading experience.
Smart Accounts (Safe)
User wallets on Bayex are not EOAs (Externally Owned Accounts). Instead, we deploy a Safe (formerly Gnosis Safe) for every user. This Smart Account acts as a proxy, allowing for:
- Gasless Transactions (Sponsored)
- Batched Operations (Wrap + Swap)
- Session Keys (Future Scope)
The Relayer
Bayex utilizes a centralized (but strictly non-custodial) relayer service to submit transactions on behalf of users.
This ensures users never need MATIC (Polygon gas token) to interact with the protocol.
CT Wrapper Contract
The core innovation. Polymarket uses the Conditional Tokens Framework (ERC-1155). To make these compatible with Uniswap V4 (which works best with ERC-20s), we use a Wrapper.
Wrap
User sends ERC-1155 -> Wrapper locks it -> Mints ERC-20 (CTERC20)
Unwrap
User burns ERC-20 -> Wrapper unlocks ERC-1155 -> Sends to User
Uniswap V4 Pool Manager
We use the singleton PoolManager contract to host all our prediction market pools.
- Hooks: (Currently minimal) Future capability to add dynamic fees or KYC logic.
- Flash Accounting: efficient multi-hop swaps or complex portfolio rebalancing in a single transaction.