Liquidity Provider Desktop Application for BTC-ETH and BTC-ERC20

[weidex]

Jelly Swap releases new market making software in order to maximize the profit from the spreads and to make the market more competitive. It is an automated software is called Butler and comes as an easy to set up desktop application for liquidity provision. Butler works in a different manner than Uniswap and other exchanges - see the advantages below:

- As a market maker you will be free to choose the spread. Thus, the rates provided on Jelly will be much more flexible than other platforms.

- Market makers will earn bonuses from our incentive program - 12.6% annualy for the first 100k liquidity provided

- Funds for liquidity provision are used only on demand. This means that market maker's funds will not be locked and he can meanwhile use them for other purposes.

- Cross-exchange liquidity provision - market makers will be able to rebalance their portfolios on other centralized platforms and thus solve the problem with impermanent loss

- There is one disadvantage we have to mention: every market maker has to operate the node and keep it up and running all the time or with short downtimes

Read more here: https://jellyswap.gitbook.io/liquidity/
https://medium.com/jelly-market/market-making-incentive-program-fbef51f41448

Twitter: https://twitter.com/jelly_swap

[hiburak]

It sounds like a good idea for liquidity providers. Incentivising LPs will bring more liquidity and more liquidity will bring more volume. It's a win-win situation.

However, I doubt atomic swaps will be commonly used by traders. My understanding is the majority of DEX traders are willing to use only one chain for their trades. Atomic swaps are not user friendly, which is way I have never seen any atomic swap protocol succeeded so far.

[batang_bitcoin]

What platform is this happening?

It sounds like a good idea for liquidity providers. Incentivising LPs will bring more liquidity and more liquidity will bring more volume. It's a win-win situation.

However, I doubt atomic swaps will be commonly used by traders. My understanding is the majority of DEX traders are willing to use only one chain for their trades. Atomic swaps are not user friendly, which is way I have never seen any atomic swap protocol succeeded so far.

There's lack of usage for DEXes and with these incentives, this could be a good start for them. I still don't understand the whole concept of atomic swaps and jelly, that's the reason why you haven't seen anyone succeeded because lack of exposure I guess or the majority doesn't like it.

[weidex]

It sounds like a good idea for liquidity providers. Incentivising LPs will bring more liquidity and more liquidity will bring more volume. It's a win-win situation.

However, I doubt atomic swaps will be commonly used by traders. My understanding is the majority of DEX traders are willing to use only one chain for their trades. Atomic swaps are not user friendly, which is way I have never seen any atomic swap protocol succeeded so far.

about the win-win situation - this is exactly what we are aiming for.

about atomic swaps - why not be adopted? It is a good way to expand DeFi beyond Ethereum network. An attempt to bridge Bitcoin and Ethereum, combining Bitcoin’s superior liquidity, trading volume, and user base with Ethereum’s composability and ecosystem of open source financial applications.

are they user friendly - we are trying to make them intuitive and executable in a few clicks, we are supporting all kinds of wallets e.g. Ledger for high security and also other solutions like browser extensions and simple social media logins so that users have a choice. Go give it a try and then tell us what  you think. What else to be improved.

[weidex]

What platform is this happening?

It sounds like a good idea for liquidity providers. Incentivising LPs will bring more liquidity and more liquidity will bring more volume. It's a win-win situation.

However, I doubt atomic swaps will be commonly used by traders. My understanding is the majority of DEX traders are willing to use only one chain for their trades. Atomic swaps are not user friendly, which is way I have never seen any atomic swap protocol succeeded so far.

There's lack of usage for DEXes and with these incentives, this could be a good start for them. I still don't understand the whole concept of atomic swaps and jelly, that's the reason why you haven't seen anyone succeeded because lack of exposure I guess or the majority doesn't like it.

This is the app https://app.jelly.market/swap

Here we've given some simple explanation about the concept:
- about Jelly - https://medium.com/jelly-market/hello-world-5bb8f76c6038
- about atomi swaps - https://medium.com/jelly-market/the-technology-behind-jelly-ecc401348bcb
- simple infographic of how atomic swaps work - https://medium.com/jelly-market/atomic-swaps-the-what-and-the-how-65f7afe3a242

What's cool about atomic swaps is that they are really decentralized and permissionless. It is the only way to move value from one blockchain to another without using  a platform or a middlman.

[batang_bitcoin]

What platform is this happening?

This is the app https://app.jelly.market/swap

Here we've given some simple explanation about the concept:
- about Jelly - https://medium.com/jelly-market/hello-world-5bb8f76c6038
- about atomi swaps - https://medium.com/jelly-market/the-technology-behind-jelly-ecc401348bcb
- simple infographic of how atomic swaps work - https://medium.com/jelly-market/atomic-swaps-the-what-and-the-how-65f7afe3a242

What's cool about atomic swaps is that they are really decentralized and permissionless. It is the only way to move value from one blockchain to another without using  a platform or a middlman.

That looks a simple app but if it's quick and permission less, I guess in no time it will get some attention. Are you needing some staff that can work for you?
I think I'm interested to work for this kind of project because it looks good base on my first impression as long as it is not a scam. But, I need to learn more about it so that I can understand it easily. I've seen likely projects but didn't gain it's traction.

[weidex]

What platform is this happening?

This is the app https://app.jelly.market/swap

Here we've given some simple explanation about the concept:
- about Jelly - https://medium.com/jelly-market/hello-world-5bb8f76c6038
- about atomi swaps - https://medium.com/jelly-market/the-technology-behind-jelly-ecc401348bcb
- simple infographic of how atomic swaps work - https://medium.com/jelly-market/atomic-swaps-the-what-and-the-how-65f7afe3a242

What's cool about atomic swaps is that they are really decentralized and permissionless. It is the only way to move value from one blockchain to another without using  a platform or a middlman.

That looks a simple app but if it's quick and permission less, I guess in no time it will get some attention. Are you needing some staff that can work for you?
I think I'm interested to work for this kind of project because it looks good base on my first impression as long as it is not a scam. But, I need to learn more about it so that I can understand it easily. I've seen likely projects but didn't gain it's traction.

To gain traction is actually the hardest thing so we are trying to spread the word and make people try the dapp to see that atomic swaps can actually have a pretty simple implementation.  Our next steps are to integrate more blockchains.
What kind of work do you suggest? Are you a developer? This is our github you can have a look - https://github.com/jelly-swap

[Ucy]

Something like this would be nice with decentralized exchange... Or is it also for decentralized exchanges?
Guess the incentive program is with tokens,right? 12.6% makes a bit of sense if it's  token. It doesn't sound too sustainable though.

In regards to running node all the time, you could make it optional for liquidity providers to lock their funds and let their money work for them while offline. I think stuff this will work best on permissionless/trustless decentralized exchanges with escrow system/smart contract.

[batang_bitcoin]

To gain traction is actually the hardest thing so we are trying to spread the word and make people try the dapp to see that atomic swaps can actually have a pretty simple implementation.  Our next steps are to integrate more blockchains.
What kind of work do you suggest? Are you a developer? This is our github you can have a look - https://github.com/jelly-swap

I'm not a developer. Yes, that's the hardest part when you have develop a project like this. And most people don't think that dapps are really good but I think with this kind of dapp, this could be an exception. Beginning is also challenging and might be the most.
Anything will do as long as it's not related to developers task.

[weidex]

Something like this would be nice with decentralized exchange... Or is it also for decentralized exchanges?
Guess the incentive program is with tokens,right? 12.6% makes a bit of sense if it's  token. It doesn't sound too sustainable though.

In regards to running node all the time, you could make it optional for liquidity providers to lock their funds and let their money work for them while offline. I think stuff this will work best on permissionless/trustless decentralized exchanges with escrow system/smart contract.

It is exactly a permissionless decentralized exchange - https://jelly.market/
It is for cross-chain atomic swaps - connecting different blockchains.
So you can provide liquidity on the trading pairs that we currently support - BTC-ETH, BTC-DAI, BTC- WBTC, BTC- USDC, ETH- ERC20
You can go and check them all - https://app.jelly.market/swap

Funds are not locked. They are used only on demand. This happens ONLY if there is an active swap and there is a user that has locked the appropriate amount of the token you want to receive against the token you provide.

This is the source code used for Butler - https://github.com/jelly-swap/jelly-butler-beta

[weidex]

The application is now available


Read details: https://bit.ly/2MlvNtX

Download:
Windows - https://github.com/jelly-swap/butler-electron/releases/download/v0.0.1/Jelly.Butler.Setup.0.0.1.exe
MAC - https://github.com/jelly-swap/butler-electron/releases/download/v0.0.1/Jelly.Butler-0.0.1.dmg