Spank TapAss Exchange

With the October 18th release of Taproot Assets on mainnet by Lightning Labs, decentralized finance on Bitcoin is now a reality. Stablecoins and other financial instruments can now operate on Bitcoin, accelerating Bitcoin’s absorption of fiat value and TradFi systems.

Having learned from the various altcoin “testnets,” Bitcoin now has a golden opportunity to implement true decentralized finance (“BitFi?”) in a competent and legitimate manner. Towards that goal, Spank Exchange (cheekily named for the popular abbreviation, TapAss) is now live.

Current Features:

• Lightning and mainnet deposits and withdrawals
  Order Book and Liquidity Pool trading models
  Non-custodial. Neither your sats nor assets can be frozen or seized
  Bridge to NostrAssets for token transference, enabling arbitrage trading and self-custody
  Taproot Asset token minting service with extensive metadata
  Automated airdrops for easy token distribution
  TapAss NFT minting and auction service
  Modern UI with day and night modes
  Low trading fee of 0.5% (re-invested within Liquidity Pool when trading there)

Planned Features (expected pre-2024):

• NFT launchpad
  TapAss stablecoins (USD, EUR & CNY), pegged algorithmically to fiat prices
  Full suite of Bitcoin Finance (“BitFi / BiFi”) products: options, futures, lending, leverage, prediction markets, etc.
  Extensive documentation

Try Spank today! Remember to keep funding amounts sensibly low. After testing, please join us on Telegram to ask questions or offer feedback.