Boltz exchange just got competition! \ stacker news ~bitcoin

574 sats \ 25 comments \ @SwapMarket 21 Sep 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 decide53.8%

I will stick with Boltz only15.4%

I will research running my own backend23.1%

I don't care or have no idea about this7.7%

13 votes \ poll ended

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22 sats \ 1 reply \ @DarthCoin 21 Sep

This so cool! It open now so many possibilities.

21 sats \ 0 replies \ @SwapMarket OP 21 Sep

The comment I was hoping to see!

22 sats \ 1 reply \ @dolu 21 Sep

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 21 Sep

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.

1 sat \ 0 replies \ @standard_sats 27 Sep

Thanks a lot.

1 sat \ 0 replies \ @Rsync25 22 Sep

Competition is the way

0 sats \ 0 replies \ @SwapMarket OP 24 Sep

We have onboarded one more swap provider! And now some pairs can be traded cheaper than on Boltz!!

0 sats \ 1 reply \ @TheBTCManual 22 Sep

Okay, you had my curiosity but now you have my attention, making a competitive market for swap fees, this is sick!

Big time user of Boltz, so making my experience cheaper is legit

Off the top of my head i'm just thinking imagine wallets start doing what Aqua and Marina do with boltz but now you swap and you either have control over the provider or you pick based on fees

Or if its added to BTCpay server makes commerce a lot easier

And if you had a bad time routing it can bring your LN node a lot more traffic and some revenue

0 sats \ 0 replies \ @SwapMarket OP 22 Sep

Yes. There are already nodes with Liquid PeerSwap installed. They learn to manage liquidity. This will add a use case how to sell this liquidity.

0 sats \ 1 reply \ @mf 21 Sep

What does it use WebAssembly for?

3 sats \ 0 replies \ @SwapMarket OP 21 Sep

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 21 Sep

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 21 Sep

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 21 Sep

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

0 sats \ 4 replies \ @SwapMarket OP 21 Sep

They are literally just a frontend of Boltz.

0 sats \ 3 replies \ @OT 21 Sep

And swapmarket isn't?

101 sats \ 2 replies \ @SwapMarket OP 21 Sep

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.

2 sats \ 1 reply \ @OT 21 Sep

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 21 Sep

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

0 sats \ 5 replies \ @mo 21 Sep

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 21 Sep

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 21 Sep

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 21 Sep

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

0 sats \ 1 reply \ @mo 21 Sep

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

0 sats \ 0 replies \ @SwapMarket OP 21 Sep

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.