What is SideSwap?
SideSwap is a tool which helps users Peg-In, Peg-Out, and atomically swap assets on the Liquid sidechain.
What are the maximum Peg-In and Peg-Out amounts?
SideSwap allows users to Peg-In and Peg-Out an unlimited amount. Each Peg-In and Peg-Out are actual Peg-In’s or Peg-Out’s.
What are the minimum Peg-In and Peg-Out amounts?
The minimum amounts are the amounts required to cover the network fees, nothing more. Amounts less than the minimum amount will be forfeit.
How many confirmations does a Peg-In require?
SideSwap’s hotwallet is used to deliver L-BTC after two confirmations, provided the balance of the hot wallet is sufficient. Peg-Ins under 1 BTC are normally delivered within 2 confirmations. Should our hotwallet balance not suffice, a Peg-In takes 102 confirmations.
Who may quote swap trading interest?
SideSwap encourages any party interested in providing liquidity to reach out and apply for liquidity provisioning status. SideSwap will place a certain level of demand on execution ratios as we require that any quote submitted be honoured by the quoting party.
Who may originate swap trading interest?
SideSwaps encourages all ecosystem participants to integrate and offer our swap API through their software. Revenue is shared on a 50-50 basis with affiliates.
Which assets will you consider listing?
SideSwap aims to support those assets our users request. Should you wish to have your asset listed, please reach out and initiate a discussion.
Which wallets are supported
Peg-In and Peg-Out transactions can be done through any wallet. Swaps currently require users to run their own Elements node. We hope further wallets in the ecosystem will support atomic swaps going forward.
I have further questions
Please reach out and engage with us in our Telegram channel.