Asset Storages
Last updated
Last updated
JayX empowers its users to tailor their asset management and order execution strategies in alignment with their personal risk thresholds, thereby providing a tailored and secure trading experience.
By embracing a user-centric approach to risk management, JayX underscores its commitment to flexibility, security, and operational efficiency, ensuring that it remains at the forefront of the digital asset exchange industry.
The user's wallet is the cornerstone of asset management within the JayX framework, serving as the primary interface for initiating transactions. Users maintain complete control over their private keys, embodying the decentralized ethos of blockchain technology. When an order is placed, assets are moved directly from the user’s wallet, facilitating a transparent and autonomous transaction process. However, this level of control entails direct interaction with the blockchain, incurring gas fees and experiencing the inherent latency of the network, which could lead to delays or the cancellation of orders due to network congestion or fluctuating transaction costs.
At the heart of the JayX platform lies the JayX Account, which utilizes a Threshold Signature Scheme (TSS) for decentralized key storage. This innovative approach ensures that keys are not stored in a single location, thus reducing the risk of centralized points of failure and enhancing overall security. While the JayX Account offers a more streamlined experience compared to the user wallet, it still necessitates the payment of gas fees for each transaction executed on the native network, and users must be cognizant of settlement times associated with trading activities.
The Vault represents the forefront of on-chain asset management within the JayX ecosystem. It employs algorithmic key generation to facilitate immediate trade execution and settlement. This efficiency eliminates the latency typically associated with blockchain transactions and reduces the cost burden by mitigating the need for gas fees associated with order placement. The Vault's design caters to users seeking the quickest transaction throughput, offering an optimized solution for high-frequency trading and instantaneous settlements.
