Decred is coming to BasicSwap DEX
In this discussion, we’ll be talking to members of the BasicSwap team to find out more about the platform and what we can expect from the Decred integration.
Decred and the State of the market is brought to you by Exitus and PhoenixGreen with featured guests from BasicSwap DEX.
On the 1st of April 2024, Decred stakeholders voted to support the DCR integration into the BasicSwap DEX. This integration was considered an opportunity to have Decred listed on more DEXs that have similar principles to our own. BasicSwap could also open a market for permissionless Decred to Monero XMR trades, which to this point has been a much requested pair.
In this discussion, we’ll be talking to members of the BasicSwap team to find out more about the platform and what we can expect from this integration.
Live stream agenda:
Could you give us an overview of the BasicSwap platform and its overall aims and goals?
How does BasicSwap see itself differentiating from other XMR focused cross-chain DEXs like Serai entering the market?
Since BasicSwap DEX is, similar to DCRDEX, collects no fees, how is it funded?
Why did you decide to add Decred and create a proposal?
How did you find the Proposal process?
Can you briefly describe your road map?
How will BasicSwap be implemented into the Particl decentralised marketplace?
DCRDEX uses a fidelity bond (4 DCR) to prevent bad/undesirable behaviour, e.g. trades not being completed. How does BasicSwap DEX deal with such issues?
DCRDEX implements minimum lot sizes so users don’t pay more than 1% in mining fees per trade, e.g. 2 DCR on the LTC pair and 40 DCR on the BTC pair. How does BasicSwap DEX deal with this issue?
BTC mining fees can be erratic during time of high congestion, ranging from 10 sat/vB all the way up to 400 sat/vB. How does BasicSwap DEX evaluate the mining fees for a Swap?
On DCRDEX, users need to be connected for the duration of a swap, is this the same for BasicSwap?
How does BasicSwap coordinate a swap between peers?
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