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.
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
Last modified 9mo ago