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