Hello, bitcointalk! Would you like to see how Lightning swaps can be? Are you good at breaking software? Come beta test Stakenet!
Below is the March 21 dev update. Instructions for joining the beta test are included:
With the latest V 0.2.3.0 DEX release this past week our team has confirmed critical and core features working and stable to be able to push forward the final phase of release (steps detailed further in this post). The results of the first ever Lightning DEX have been on full display with our community testers as we have solved key pain points that current released DEX technologies possess such as…
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Speed (Instant Trading)
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Usability (opening wallet depositing and trading with same user experience as a Centralized Exchange)
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Privacy (The degree of privacy innate to off chain LN routing and swapping is much higher compared to on chain)
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Liquidity /LN channel limitations (Utilizing our DEX HUB architecture)
We want to specify the last requirements left before we as a community can take this product to the general public, along with showcasing to media, institutional players, and potential partners.
1. Opening of BTC pairsAs we have been using XSN/LTC for testing (due to faster speeds and lower channel fees). We are now confident in the stability of the wallet + swaps. BTC pairs are being prepared & deployed now
2. MM/ ARB BOTSBots are being prepared and launched. Those in the test groups will be seeing low limit orders filling the books as they get rolled out. Expect MM bots on launch and ARB bots soon to follow and develop coinciding with #3 (below)
3. 1st round of liquidity injections/ limit raises (starting small progressing larger)
The first round is underway. We have developed balance/ fee monitoring and proper security and feel confident enough to begin limit raises and liquidity injections
4. 1 coin swaps (Require only 1 coin per pair to trade)
The architecture is finalized & we plan to deploy a feature where only 1 asset is needed (expected within the next month). This as a necessary requirement, and possibly a final barrier to mass adoption to bring the general public from Centralized — > Decentralized exchanges.
As our DEX HUB and fee architecture allows many different forms of players to participate and benefit, we’ll be showcasing not just the public but institutional investors, firms and partners big and small who we can onboard and join our new and emerging DEX network. Anyone interested in learning more, or participating head over to our
discord and let us know.
sourceLast but not least, here's a screenshot of the DEX being tested!
Lookin good
