Not sure if "bringing DeFi to bitcoin" is really interesting since there are others projects doing that first like Atomic Loans. But anyway, as long as the interface required to access the protocol is hosted on a centralized webserver it is not free from middlemen. Maybe they could try to use Zeronet or build their apps like Bisq so there is no need for a webserver, just a peer-to-peer network discovery.
Tried to see the exchanges but can't do it. Maybe my network is really terrible, who knows.
Topic: OpenDex bringing DeFi to Bitcoin (Read 89 times)
New decentralized exchange OpenDex is using Lightning Network and Connext network to create liquidity pools.
They call it layer3 becauise it is built on top of layer 2 networks.
This should be much faster than other dex exchanges, and I like the idea of this, but I am not sure how this will work in real situations and trades.
What do you think, are we ready for this?
They call it layer3 becauise it is built on top of layer 2 networks.
Quote
- No central authority. No middleman.
- No account. No KYC. No personal data. No discrimination.
- No protocol token.
- Direct, peer-to-peer trading.
- Order book locally aggregates orders from peers in the network.
- Own orders are matched locally with peer orders.
- Instant order settlement via atomic swaps on Lightning/Connext.
- User has complete control over private keys.
- Tor by default preserves privacy.
- Supports individual traders, market makers, exchanges, anyone.
https://opendex.network/- No account. No KYC. No personal data. No discrimination.
- No protocol token.
- Direct, peer-to-peer trading.
- Order book locally aggregates orders from peers in the network.
- Own orders are matched locally with peer orders.
- Instant order settlement via atomic swaps on Lightning/Connext.
- User has complete control over private keys.
- Tor by default preserves privacy.
- Supports individual traders, market makers, exchanges, anyone.
This should be much faster than other dex exchanges, and I like the idea of this, but I am not sure how this will work in real situations and trades.
What do you think, are we ready for this?
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