Post
Topic
Board Service Announcements (Altcoins)
Topic OP
Stakenet DEX - Come try the beta
by
Yankeeruinx
on 14/07/2020, 08:44:49 UTC


Looking for people to come try the beta and put the multicurrency lightwallet and lightning DEX through its paces. Trying to squash as many bugs as possible in the run up to launch so want you to do your best to break it and submit bug reports for anything you find.

For the beta the trading pairs are BTC/LTC and BTC/XSN to keep it simple and concentrate volume.


The DEX is also currently running aggregator tech aswell so you will be able to see your BTC/LTC trades on Binance and BTC/XSN on Livecoin in realtime if you happen to trade with it. Check the video below to get a quick overview on the DEX architecture or skip to 3:35 to see the aggregator tech in action on Binance and Livecoin

https://youtu.be/e2MKOXXg048

If this is your first time hearing about this DEX then for a quick rundown it is built directly into a multicurrency lightwallet. It is completely non-custodial so you always keep control of your assets and keys at all times. The dex is P2P and completes Atomic Swaps over Lightning Network something they are calling Lightning Swaps. Lightning Swaps are settled instantly vs Atomic Swaps which have to wait for onchain confirmations. As transactions are settled instantly it allows the use of traditional trading tools like aggregators which can plug into any CEX/DEX (if they settle trades instantly) via API and use their liquidity for the DEX to ensure you can always buy/sell what you want, when you want. A more indepth article about it all can be found here:

https://medium.com/stakenet/stakenet-dex-multi-exchange-trades-7193243f0c13

Also the latest Dev update can be found on the link below which gives news about Raiden integration which will bring ETH and all ERC20 tokens to the Lightning DEX for instant trades:

https://medium.com/stakenet/xsn-core-dev-update-july-12-2020-72cac6050377

If you want to try the beta then please head on over the to community Discord channel and let a team member know so they can add you to the test groups:

https://discord.gg/cyF5yCA

Any questions then feel free to ask away and I'll do my best to answer.