Swap market

Our Swap Limit Orderbooks have the following premises:

  • Swaps ensure Delivery-versus-Payment (DvP) in real-time. There are no counterparty risks and no third-party custodians.
  • Each order is associated with a UTXO commitment. If the UTXO is spent, the swap order will be pulled.
  • Swap orders must be filled as offered, this means that partial fills are not possible.
  • While we sort orders based on price-time priority, Takers may trade against any order in the orderbook without consideration for the best bid or offer.
  • Swaps are based on creating a coinjoin transactions between two counterparts. Each party provides one, or many, inputs, a receiving output, and potentially a change output.

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