The functionality of the Squid boils down to 3 main functionalities:
Route Requests(Fetching a Route): Calculating the most optimized path from one asset to another.
Route Execution: The submission and execution of that path on chain.
Transaction Status: The validation that the transaction has been completed.
There are 3 advanced functionalities enhance Squid's API capabilities:
Transaction Hooks(Pre/Post): Allow transactions to be prepended(prehook) or appended(posthook) to asset transfers for a user. Think unstaking then transferring an asset or transferring an asset across chain then staking.
Boost:Squids novel boost functionality allows cross-chain transactions to be settled in less than 20seconds by using an intent-model, a smart contract overlay which allows a provider to optimistically fulfill a transaction.
Collecting Fees: Always integrators to collect fees associated with transactions. Note, this function is currently not available for v2 yet.
