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May 20, 2026, 02:40:03 PM Last edit: May 20, 2026, 04:32:57 PM by honglu69 |
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This tech is under-rated by crypto community with so many bridge hack news.
Komodo wallet and DEX source codes are 100% open sourced (front end wallet, back end enginge KDF, and middleware SDK), and there are multiple open sourced forks available (detail below). They all share virtually same code base, and trading on same netID (or Channel) for atomic swap is sharing liquidity even on different wallet fork. It is worth discussing as atomic swap P2P DEX is way more secure than bridge solution with so many hacks recently.
Code base: component style including back end engine KDF are all 100% open sourced. Docker container style command line, or GUI wallet on web android desktop are all available. Back end engine KDF is always decentralized with no restriction on swapping. Back end wallet utilizes standard electrum wallet and support EVM coins (ETH BNB etc).
Gleec Wallet: official wallet from leading developer team, own Komodo brand name, IP address based front end wallet restriction on certain countries. high fees (2%) on DEX and on different netID for trading. Cheetahdex: leading community wallet DEX from shorelinecrypto, still on low trading fees (0.13%) and original netID, no restriction on front end GUI wallet. FiroDEX: fork from FIRO community, the code tend to slowly catch up on new versions, upgrade not as quick as Cheetahdex.
Adex_Microbot: docker container open sourced LP code for running liquidity bot and arbitrage bot at shorelinecrypto. Mainly support NENG and CHTA pairs, but could be forked and adapted for other coins easily.
Trading speed: BNB and BSC tokens can be swapped within couple of minutes, quite fast. UTXOs coin like DOGE LTC DASH DGB NENG CHTA etc can be swapped within half hour. privacy coins FIRO ARRR are supported. It is slow, but still very reliable after kdf 2.6.0 version upgrade fixing many bugs. The point, trader and LP all own your own keys, not your keys not your coins. It is system built for security and decentralization.
Benefit: LP can deploy liquidity, thounsands of USD worth coin supporting own coin using open sourced software such as adex_microbot. The attacking area is very small, run your LP in your old android phone if you want, easy to do using docker container.
Liquidity is main draw back, but it is chicken egg problem. The wallet DEX support 400+ coins and tokens. Deploy your own LP safely in android phone or old computer, no risk of being hacked for LP and traders can enjoy safe P2P swap in non custodian way. Listing new coins is free, it is essentially a do-it-yourself wallet + DEX system following the true meaning of crypto decentralization and privacy. In my opinion, running LP in dex does not really make any profit, but without LP market making, liquidity is poor on many pairs just purely P2P swap among two different users. When a team supports its coin with bot market making, (checkout NENG and CHTA on many pairs) , the traders user experience should be really awesome safely swapping coin in and out at market price, just for the sake waiting for half an hour. The trading pairs can be any pair within supported 400+ coins/tokens with no extra fees.
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