To effectively integrate with the Centiiv Protocol, it is important to understand the specific roles and components that make up our ecosystem.
The Protocol
The Protocol refers to the broader, overarching network of Aggregators and Liquidity Providers. It acts as the "orchestration layer" that routes transaction requests, manages settlement logic, and ensures that value moves securely between the stablecoin and fiat worlds. While the Protocol coordinates the movement, it does not "own" the liquidity—the network does.
Aggregator
An Aggregator is a consumer-facing platform or application (such as a wallet, exchange, or fintech app) that connects to the Centiiv Protocol.
- Role: They "aggregate" the best available rates from the LP Network to provide their end-users with seamless onramp and offramp experiences.
- Function: Aggregators initiate transaction requests and handle the user interface.
Liquidity Provider (LP)
A Liquidity Provider is a market participant; Often a financial institution, OTC desk, or professional market maker that supplies the fiat or stablecoin required to fulfill a transaction.
- Role: LPs act as the "engine" of the network, providing the capital necessary for swaps.
- Benefit: LPs earn fees by providing competitive rates and settling transactions efficiently.
LP Node
An LP Node is the proprietary software hosted by a Liquidity Provider that connects their local infrastructure to the Centiiv Protocol.
- Role: It acts as a secure gateway that handles transaction requests in a semi-decentralized way.
- Function: The node listens for transaction requests from the Protocol, checks the LP's local liquidity, and automatically executes payouts or stablecoin releases.
- Autonomy: Because the LP hosts their own node, they maintain full control over their private keys and API credentials while remaining synchronized with the global network.
LP Network
The LP Network is the collective sum of all active LP Nodes connected to the Protocol.
- Architecture: It is a distributed mesh of providers across different geographic regions and currencies.
- Purpose: By having a diverse LP Network, the Protocol ensures high redundancy, competitive pricing, and the ability to settle transactions in multiple local currencies simultaneously (e.g., NGN, GHS, KES) without relying on a single central point of failure.
Additional Key Terms
| Term | Definition |
|---|---|
| Fiat-to-Stablecoin (Onramp) | The process of converting local paper currency (like Naira) into digital assets (like USDC). |
| Stablecoin-to-Fiat (Offramp) | The process of converting digital assets into local bank deposits. |
| Quote | A real-time offer provided by an LP Node specifying the exchange rate and fees for a specific transaction. |
| Settlement | The final step where both the fiat and stablecoin legs of a transaction are confirmed as completed. |
Need more clarity? If you have questions about these roles or how to become a part of the network, please contact us at [email protected].