Brokers Requirements
Yanda is an infrastructure that Brokers of CEXs like Binance or Coinbase can use to enhance their transparency allowing self-custody to their customers.
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Yanda is an infrastructure that Brokers of CEXs like Binance or Coinbase can use to enhance their transparency allowing self-custody to their customers.
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To join Yanda, brokers must comply with the following requirements:
KYC VERIFICATION:
Brokers must carry out the KYC verification process on their users independently
Brokers must share users’ verification status via private access to the Yanda validators
SMART CONTRACT INTERACTION:
Brokers must implement their front-end services using the eth.js library and connect to Yanda’s smart contract
The Yanda team provides a ready-to-be-forked frontend of the cross-chain swap dApp Tiwanaku to facilitate the frontend implementation
TRANSACTION AND VERIFICATION:
Brokers must have an Ethereum wallet address
Brokers must communicate their service logic to the Yanda protocol board so that it will be implemented into the Yanda validators app
SERVICE TERMINATION:
Brokers accept that their services are audited by the Yanda validators that carry the legitimacy check just before the service termination
