TLDR: The Liquality Atomic Swap Interface alpha is live on mainnet. The interface offers the most secure way to swap BTC, DAI, and ETH directly from your Ledger or Metamask wallets. Users not only save on unnecessary fees but also significantly reduce counterparty, settlement, and custodial risks.
Run your own self-hosted version of the Liquality Atomic Swap Interface or use the web app for convenience.
Below, you can find the download instructions.
Centralized Exchanges, Decentralized Exchanges, and Liquality Atomic Swaps
Digital assets are natively peer-to-peer and secure. Isn’t it ironic that their exchange suffers from the added friction, risk, and cost of third party rent seekers?
The reincarnation of these intermediaries poses a real threat to the cryptocurrency industry. To combat their growing influence, secure accessible alternatives must exist.
This belief guides Liquality’s development. By actively extending Bitcoin’s principle of disintermediation, we can provide alternatives to centralized systems.
Today, we are proud to usher in the gold standard for securely swapping digital assets P2P:
The Liquality Atomic Swap Interface alpha is live on mainnet.
With this interface, users can atomic cross-chain swap BTC, DAI, and ETH directly from their Ledger and Metamask wallets.
Using a bring-your-own-wallet approach, users maintain custody over their keys while also significantly reducing counterparty risk and fees through atomic swaps. In other words, users can swap different forms of value without needing to trust the other participants.
Accessing the Liquality Atomic Swap Interface
Users don’t even need to trust Liquality contributors - the codebase is entirely open-source for users to review. We also urge users to download and run their own self-hosted instance of the Atomic Swap Interface for greater privacy and financial sovereignty. Instructions are as follows:
- Visit the Github link and download the appropriate package (.dmg for Mac, .AppImage for Linux, .exe for Windows)
- Open the app (users may need to right-click to open the app with proper access)
3. Hodl for a few moments while the Liquality Launcher downloads the latest code (the app will automatically receive future updates)
4. After it has finished downloading, you’ll receive some messages around permissions. Accept both of the messages.
5. Then, to conduct mainnet atomic swaps, you’ll want to update the interface configuration to connect to the main network, like so:
6. Then, open the interface and check to make sure you are using the latest version of the software: 0f2705035c085ed6fdc7d0ad8f0fe824958deb94+0.2.10.
7. And you're ready to swap!
- If you have any questions, please reach out to support by submitting a ticket to our helpdesk
- If you have any feedback, let us know in our Telegram channel
- If convenience is your priority, you can skip the download and use the atomic swap interface web-app instead.
Updates Since the End of 2018
At the end of 2018, we launched the Swap Challenge, offering participants mainnet Bitcoin for their testnet Ether. 100 retail investors participated in the Swap Challenge, executing cross-chain atomic swaps and providing detailed feedback. The sentiment was positive and helped us validate the utility of atomic swaps.
Overwhelmingly, user feedback described how atomic swaps provide a safer alternative to their riskier counterparts. Users identified atomic swaps and hash time locked contracts as the foundation for trust-minimized, peer-to-peer trade:
- “This is by far one of the best ways to exchange one coin for another. I could easily see this system replacing (or at least augmenting) services like LocalBitCoins.com and the like. It would also provide the ability to consolidate coins between wallets and secure profits to storage.”
- “It’s better and quicker than Shapeshift and other p2p trading platforms.”
The following improvements represented clear priorities for users. They have since been addressed:
- Resolved choppy Ledger device connection issues via WebUSB
- Enabled both sending and receiving from a single Ledger device
- Supported the DAI stablecoin
- Prevented the loss of state when refreshing/closing the browser via backup links
- Published educational content on atomic swaps and hash time locked contracts
We want to thank our community for their input and feedback. We couldn’t have done it without your help.
In the next few months, users can expect the following requested features to be implemented:
- Trezor integration
- Segwit support
- Support for Litecoin and privacy tokens
- Custom parameters for lock times, mining fees, etc.
- Automated swaps - eliminating manual input
- Onboarding guide for the Atomic Swap Interface
- More technical documentation
Thanks for your support, and we look forward to even more collaboration.