Boltz exchange just got competition! \ stacker news ~bitcoin

478 sats \ 20 comments \ @SwapMarket 4h bitcoin

This week we launched an alternative Web App frontend for multiple Boltz backends. It is hosted by Github Pages at https://swapmarket.github.io for full transparency and ultimate reliability.

The swaps are non-custodial and atomic, so for the end users it should not matter whether they trade with the original Boltz or a Boltz clone. Clients can now compare and choose their swap counterparty by costs and liquidity considerations. The first in the list is always the original Boltz, so the swap is guaranteed to find a counterparty. There is no extra cost or risk, only the upside.

Anyone running a decent Bitcoin+Lightning+Liquid node can be on the providers list next to Boltz. We already onboarded the first independent swap provider, running an official Boltz backend on his private node. This means the game is on to decentralize and liberate this corner of the Bitcoin landscape.

Of course, until CT discounts are activated on the Liquid Mainnet, Boltz maintains competitive advantage for Liquid swaps. But not for long! You can configure and test your setup with Liquid Testnet in the mean time.

Would you be interested to trade on this "exchange of exchanges" or to onboard your own API backend?

I will have a look and decide62.5%

I will stick with Boltz only25.0%

I will research running my own backend12.5%

I don't care or have no idea about this0.0%

8 votes \ 8 days left

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22 sats \ 1 reply \ @DarthCoin 4h

This so cool! It open now so many possibilities.

21 sats \ 0 replies \ @SwapMarket OP 4h

The comment I was hoping to see!

22 sats \ 1 reply \ @dolu 4h

Fun to see an idea I had back in 2021 with exactly the same name 😅 Here is an article I made (in french) + video of the PoC https://blog.dolu.dev/post/swapmarket-place-de-marche-de-submarine-swaps/

It's great to see finally more than a PoC deployed

21 sats \ 0 replies \ @SwapMarket OP 4h

Great minds think alike! ))) Boltz has an awesome repo with clean separation between frontend and backend. It is a pleasure to work with it and learn all the proper dev techniques.

0 sats \ 1 reply \ @mf 54m

What does it use WebAssembly for?

3 sats \ 0 replies \ @SwapMarket OP 40m

The web app runs fully in your browser. There is no server! From Github Pages perspective, it is a static site.

0 sats \ 1 reply \ @Signal312 1h

Interesting, thanks. So looks like right now the fees are identical (I'm just switching between boltz mainnet and eldamar mainnet), it's just the max swapsize that's different?

0 sats \ 0 replies \ @SwapMarket OP 1h

It"s just what that guy had set, defaults from Boltz config. The more people will onboard, the more they will start competing with each other. The percentage fees will come down, like in any market. I hope the users of apps like Aqua will notice eventually and push for adoption too.

0 sats \ 5 replies \ @OT 1h

I also saw diamondhands.technology have something similar to boltz.

0 sats \ 4 replies \ @SwapMarket OP 1h

They are literally just a frontend of Boltz.

0 sats \ 3 replies \ @OT 55m

And swapmarket isn't?

101 sats \ 2 replies \ @SwapMarket OP 41m

Swapmarket connects to Boltz PLUS any other swap provider that onboarded. Right now it is only one node with identical fees. But we just started. It will be a virtual broker among many providers, and the competition will push the fees down.

0 sats \ 1 reply \ @OT 17m

Good

I've always thought boltz was like a single point of failure. Looking forward to more competition and cheap fees!

0 sats \ 0 replies \ @SwapMarket OP 15m

Exactly! The regulators must be circling around already...

0 sats \ 5 replies \ @mo 3h

Here's another one https://swap.diamondhands.technology/ if you can translate it!

I remember seeing more but can't find it. At the end of the day, what make the difference are the swap fees and node liquidity and connectivity.

0 sats \ 4 replies \ @SwapMarket OP 3h

Yes, thanks, it has English too. This looks like an old fork of Boltz frontend, before chain swaps were added. But there is no direct link to repo, so hard to say what code it is actually running.

The fees are identical to Boltz's, so they might just be using their backend to earn rebates. No benefit for the end user, except maybe Japanese language which we can easily add to our site.

And the idea is really to have all such implementations in one place, so they are easier to find and compare the fees.

0 sats \ 3 replies \ @mo 2h

And the idea is really to have all such implementations in one place, so they are easier to find and compare the fees.

That will be ideal! with maybe fees and connectivity data!

DH frontend, I'm not even sure is maintained anymore. I agree that what you just shared has the transparency factor on top!

0 sats \ 2 replies \ @SwapMarket OP 2h

This is already implemented. Try the link https://swapmarket.github.io

0 sats \ 1 reply \ @mo 2h

right, I missed the Select Swap Provider button! That's amazing!

0 sats \ 0 replies \ @SwapMarket OP 2h

The plain is to add an option so the swap provider is selected automatically once the assets, direction and the amount are entered. Hence it is below them.