There has been a great deal of valuable insights around the Statemint DEX under Joe’s Statemint Roadmap post. The continuous discussions regarding the goals, functionalities, liquidities etc. which will eventually shape this DEX obviously warrant a dedicated thread, and hence I’m spinning it off fro…

@alice_und_bob brings some very valid concerns here. There is already multiple parachain teams building dexes here competing for liquidity. May the best of them win. This race has a technology but also an incentive component. A dex on Statemint sounds good from a usability standpoint. It makes it e…

When reading the news about StateSwap it sounds like there would be native BTC, ETH implemented, so not wrapped? How would that be possible on Polkadot relaychain?

It’s a bit tangential to the dex but: Short answer: They’re wrapped. Longer answer: If you’re not on your native chain then it’s always ‘wrapped’ or as we call it a ‘derivative token’. BTC, ETH etc would behave effectively like reserve asset transfers do - i.e. a derivative token that represents …

(personal opinion) We need to separate out the concerns. Fears that there will be n+1 dexes on parachains rather than n dexes seem not well founded - there’s going to be a lot of dexes and we can’t prevent more of them opening. We need to not oppose a dex on statemint simply because it is one more …

Great. That’s how I imagined it and it’s the classic method. Some tweets then presented the whole thing in a somewhat shortened form. Stateswap would then partly use the help of other parachains (interlay), which is good as a cooperative, but would also lead to a kind of dependency on projects that …

Regarding the name, DotSwap seems to be the best option. It’s straight to the point and pretty clear about the product since you swap things paired with DOT, people may get confused by what “State” means in StateSwap and if we ever get a version on Kusama it would create even more confusion since S…

You actually bring up another interesting point that’s not discussed much. Are we going to see a dex deployment on Statemine? Any reason to NOT deployment a dex on Statemine IF there is one on Statemint? All the same reasons that applies to Statemint should apply to Statemine as well.

[image] xlc: Any reason to NOT deployment a dex on Statemine IF there is one on Statemint? I agree :slight_smile:

I understand the task of stateswap, among other things, to pair external values such as stablecoins, BTC, ETH with high liquidity in DOT. On the one hand, this requires cooperation with the operators of the stablecoins, on the other hand, the corresponding liquidity is also required on the other sid…

Statemint/e Swap Discussion

Tech Talk

0mm-mark January 26, 2023, 5:26am 22

I believe the following discussion is relevant. In particular, if you object to the Statemine/Statemint DEX proposal, I’d be interested in whether my governance “blue-sky” suggestion would be attractive to you:

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Statemint/e Swap Discussion

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