Interesting concept. Conceptually it makes a lot of sense, for the user type they seem to think is a primary user, and it’s a upgrade from custodial exchanges of today.

However , the trust issue is still sticky. This requires trusting “a guardian” or “tribal elder”, which in the sense of a small community (I.e. a local credit union) where everyone knows one another and trust is harder to violate, this works well.

But most people will use fedimints that are large organizations that they don’t know. Rug pulls will be everywhere until there is some form of trust built in (using LN?).

Small scale = ok, large scale = worst off than a centralized exchange