What happens when I deposit to a native exchange integration?

There are 30+ exchanges building out native features of their exchange powered by Elixir - all deposits are made to smart contracts which live on their respective chains.

The Elixir Foundation has built and audited EVM and Cosmwasm implementations of the smart contract (audited by Trail of Bits), but there are 5+ other versions of this smart contract built by the Elixir community.

The Elixir Network issues signatures for funds held in the smart contract, building up orderbooks, until a user chooses to withdraw from the smart contract. Everything is per-pair and per-exchange, and funds never leave the chain that a deposit is made.