Protocol Overview
Introduction
Onboard Protocol is a non-custodial peer-to-peer (P2P) protocol that enables secure exchange of assets in a trustless and globally accessible manner. Via Onboard, users can trade assets using their preferred self-custody crypto wallet, without the need for a centralized custodian to hold funds.
The protocol’s core innovation is a Smart Contract Escrow Account, which securely locks assets during a trade, and only releases these assets after the explicit approval of both buyer and seller, or in cases of disputes, a mediator.
The Onboard Protocol can be deployed on all EVM-compatible chains: Ethereum
, Base
, BNB Smart Chain
, Polygon
, among others.
The Need for the Onboard Protocol
In a nutshell:
By providing an open, non-custodial and composable infrastructure for onchain transactions, Onboard empowers users and developers from anywhere in the world to participate in the onchain economy openly, securely, and without fear of discrimination.
The Onboard Community is driven by the unwavering belief that the expansion of the onchain economy will transform the world, forging a brighter future where billions of lives are profoundly improved for the better.
Why?
Growing economic activity onchain will have a transformative, positive impact on the world and improve many lives.
Our mission: Is to enable anyone anywhere come onchain and live a radically better life.
In order to increase economic activity onchain:
- We need to be able to get people onchain
- We need a higher degree of trust when making payments for all forms of onchain commerce (ocommerce) or any form of value exchange onchain. This is where Onboard comes in, powering onchain transactions facilitated by secure escrow.
How? We will achieve our mission by:
- Building a vibrant, global community of developers, entrepreneurs, and creators who share our vision.
- Providing the tools, resources, education and support needed to build innovative, user-friendly onchain applications.
- Fostering collaboration, knowledge sharing, and partnership within our ecosystem.
- Drive widespread onchain adoption through user education and the development of novel, useful and viral onchain applications and experiences.