How does Squid use liquidity pools?
How Squid works
Squid supports swapping any token for any other token across all supported chains, using existing liquidity rather than requiring new pools to be built.
Squid Intents
Squid Intents is Squid's intent-based system for cross-chain swaps - faster, cheaper, and more efficient than fully on-chain routing. Rather than executing every step on-chain, solvers compete in auctions to fill user orders, with settlement secured by Trusted Execution Environments (TEEs).
This architecture removes dependency on any single interoperability layer, which means Squid can support chains without smart contracts, including XRPL and Bitcoin, and expand to new chains faster and more independently.
Squid Intents builds on the foundation of Coral, Squid's first intent-based protocol, carrying forward the solver auction model while replacing its GMP-based settlement layer with TEEs.