Peer-to-Peer Transactions

Overview

Nyla has a peer-to-peer transaction feature that allows users to send SPL tokens of any type to any user on X. If the user that you are sending tokens to does not have a wallet, Nyla will create a wallet for them, so that they can access it at a later time. These funds will be held in the destination wallet for 7 days before being returned to the sender in the case no wallet is created.

How it Works

1. Command Parsing: The system parses the transfer command from social media mentions

2. User Verification: The system verifies the user has a wallet configured

3. Size Determination: The trade amount is determined based on the specified size

4. Token Transfer: The system executes the transfer with Helius

5. Transaction Verification: The transaction is verified on the blockchain

6. Record Creation: A record of the trade is created in the database

7. Response Generation: The user receives a confirmation with transaction details

Transfer Parameters

• Amount: Amount of the SPL token to transfer

• Contact Address: Contract address of the token you want to transfer

• Recipient: Username of the desired recipient of your transaction

Hey @AgentNyla transfer 200 {contractAddress} @Username

Error Handling

The transfer system includes robust error handling:

• Insufficient Funds: Detection and notification of insufficient funds

• Rate Limiting: Protection against excessive transfer operations

• API Failures: Graceful handling of external API failures

• Transaction Failures: Detection and reporting of failed transactions

• Retry Mechanisms: Exponential backoff for retrying failed operations

Transaction Monitoring

All transactions are monitored for:

• Confirmation status

• Execution time

• Success/failure

• Error conditions

• Fee consumption