Topic: DEFI coming to BITCOIN more Secure/Efficient/Scaleable/Decentralized than ever!! (Read 8 times)

Hey Bitcoin OG's! Did you know we are going to MAKE BITCOIN GREAT AGAIN!

Decentralized exchange CWAP SWAP build on COINWEB brings DEFI to BTC more secure, efficient, scaleable and decentralized than ever!!!

This and much more building on COINWEB! Learn about the revolutional tech on: https://coinweb.io

Check out video on X
https://x.com/CWAPSWAP/status/1859491939659416021

Q: What recent wallet integrations have been made for CWAP? 
A: We've just integrated Ledger and Walletconnect, and the amazing part is that the developer completed it in just two days! This speeds up our roadmap, allowing CWAP to integrate more seamlessly with these widely used tools.

Q: What makes CWAP stand out compared to other DEX platforms, like Thorchain, in terms of transaction costs? 
A: CWAP is much more cost-efficient due to fewer fixed costs. For example, Thorchain has a ton of overhead expenses, with each of their 100 nodes costing around $3,000 a month, and node operators earning $30,000 monthly. This all adds up to millions drawn out of their system every month—costs CWAP completely avoids.

Q: What is the fee difference between CWAP and other DEXes?
A: It varies, but on Thorchain, fees can sometimes spike up to 20% for smaller transactions. On larger transactions, CWAP fees typically range between 2% to 0.2%, depending on liquidity and market conditions. Thorchain’s costs come from liquidity pool balancing, relying heavily on arbitrage trades, which adds even more inefficiency.

Q: Why are CWAP's fees so much lower than competitors like Thorchain? 
A: CWAP uses partially signed Bitcoin transactions (PSBT), which helps drastically lower costs by bundling transactions together. This makes outgoing settlement transactions cheaper compared to Thorchain, which multiplies its outgoing transactions by 3x. In many cases, CWAP’s fees are even lower than a regular transaction cost.

Q: How does CWAP handle Bitcoin transactions efficiently? 
A: The beauty of CWAP is that it uses PSBTs to make Bitcoin transactions incredibly cheap. This allows a market maker to create a partially signed BTC transaction, which the taker then extends and signs with their payment. This prevents multiple users from settling the same PACT and ensures only one transaction can be mined, cutting down overhead.

Q: What is the real-world advantage of using PSBT for DEX transactions? 
A: PSBTs make transactions cheaper and faster. The market maker can frequently update prices, reducing slippage, and allowing orders to be settled immediately when the BTC payment hits the mempool. This minimizes risk for both market makers and users, which in turn reduces the spread.

Q: Does anyone else use PSBT for DEX transactions? 
A: No, not as far as we know. CWAP’s use of PSBT for DEX transactions is a unique trick that allows us to offer much cheaper transactions than other platforms.

Q: When can we expect to see more trading pairs on CWAP? 
A: As soon as possible! We're working towards opening up permissionless listing, which means anyone can list their desired trading pairs. It’s just a matter of deploying a smart contract, which is a type of Coinweb transaction that can be set up in CWAP and signed using the Coinweb wallet.

Q: What is the cost difference between CWAP and Thorchain on collateral? 
A: Thorchain requires ~100x the collateral compared to CWAP. While Thorchain has 100 million in daily volume and typically around 400 million in collateral, CWAP operates with just 2x collateral. This makes CWAP much more efficient and less capital-intensive.

Q: What are CWAP’s overall operating costs compared to Thorchain? 
A: Thorchain has massive costs, with node operation alone drawing out $3 million monthly. In contrast, CWAP’s transaction fees are negligible. Coinweb was built to enable high-capacity computations, and its smart contracts are lightweight. There’s also a low setup cost for PACT on layer 1, making continuous updates cheap—less than $20 per day!

Q: What are the specific advantages of CWAP's use of PACTs? 
A: CWAP’s PACT collateral costs are optimized for cross-chain transactions, making it nearly impossible to secure cross-chain trades cheaper than on CWAP. Using the current funding rate for collateral, the capital cost for a 1 BTC transaction is just a few cents, making it one of the most efficient platforms for cross-chain swaps.