I'm not sure if this has been discussed before but I'm curious to understand... AFAIK, b1exch uses Thorchain pools (not for all assets). What does that mean exactly when from my understanding, they are using their own liquidity? they added their liquidity to Thorchain pools, and now using those to process their users swaps? as opposed to build an instant-exchange type of setup?
Yes, they used to use Thorchain pools (not for all assets), but they no longer do - according to a recent update here in this thread a few days ago. They now have their own liquidity pools, which can be viewed directly at
https://b1exch.to/Liquidity (with visible balances).
Your assumption that
they added their liquidity to Thorchain pools would indeed be a possible scenario (they would act as LPs themselves, and users would swap against their pool share) - but very few instant exchanges (to my knowledge) operate that way. Most of the time, they are simply users of the public pools. With b1exch, it’s a classic “proprietary liquidity setup”... they hold the capital themselves; swaps are processed internally and are therefore usually faster and cheaper.
Maybe b1ack could give us a little more insight here? It would certainly be interesting to know!