Bebop is a trading platform that utilizes private market makers and a RFQ on-chain model to deliver more efficient trading in DeFi. Many of the key differentiators in how Bebop operates stem from the fact that team use this RFQ on-chain model. RFQ is not unique to crypto. In fact, RFQ is quite prominent in traditional financial markets.RFQ is a type of trading that is quote-driven — the acronym representing “Request for Quote”. With RFQ, a buyer or seller requests quotes from one or multiple sources in order to find the best price for a specific product or service. The buyer or seller may then choose to purchase the asset from the maker that offers the best price. This can be an OTC transaction, in which the buyer or seller will interact with the market maker directly, or conducted in a formal exchange that handles the RFQ process for both parties. With the development of blockchain technology, RFQs can be conducted directly on a blockchain. This allows for the submission of RFQ orders and the matching of these orders on-chain, rather than on a centralized venue or exchange. This is what Bebop does.Bebop provides a set of features, which together make it the premier platform for DeFi trading, for new and experienced users alike.<ul><li>Bebop offers a seamless trading experience with no slippage. What you see is what you get! </li><li>Bebop places your transactions on chain - you don't pay any extra network (gas) fee.</li><li>Bebop allows you to perform multi-token trades (swapping many tokens for one, or one for many in a single transaction). </li><li>Trading on Bebop is secure. Bebop smart contract is a settlement only contract and does not hold users' funds at any point. The contract is audited by MixBytes and previous contracts had been audited by Zellic and Quantstamp.</li></ul>

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