AirSwap DAO launches its new P2P DEX: entirely open-source, supporting gasless swaps, and on track to break $1B in volume this year. Check it out at www.airswap.io.
AirSwap DAO builds peer-to-peer technology that enables digital assets to move safely and reliably throughout the metaverse. AirSwap launched the first P2P DEX in 2017 and has since transitioned into an entirely open-source community while retaining that focus.
Going from technology startup to open-source community is a radical change: working from first principles to align incentives, establish clear processes, generate ideas, turn ideas into action, and drive product development.
Proven DAO Design
After iterating on our community structure and process this year, the community has settled into a productive and efficient rhythm. In valuing quality, transparency, inclusion, and automation, we’ve established a product development process from ideation to delivery.
- 20+ proposals implemented by 20+ community contributors
- 8 devs, 253 commits, 94 merged pull requests in the last 30 days
- $1M+ in fees distributed to active community participants
- Tracking to break $1B+ volume (up 20x from 2019)
An entirely new group of contributors has completed 20+ AIPs (AirSwap Improvement Proposals) with more in the pipeline around L2s, community building, and product development. Key proposals included:
- New AST staking and decentralized governance system
- New community bounty and contributor reward system
- New high performance trading and counterparty discovery protocols
- New DEX web app built open-source from the ground up
Why have people joined AirSwap? Just ask our contributors: opportunities to work part or full time on decentralized apps and earn for your contributions, learn a ton along the way, and play your part in creating a more liquid and efficient future for the web. Join the Discord to jump in.
All New P2P DEX
Today AirSwap DAO launched its first complete web app: an all new P2P DEX running at www.airswap.io built entirely open-source and coordinated on the AirSwap community Discord and GitHub repositories. Protocol fees from the DEX support contributors to the DAO.
Put tokens in, get tokens out. The web app is fully decentralized: your web browser is communicating directly with multiple servers run by makers (professional trading firms). In some cases you’ll encounter a “gasless” swap: a swap where the maker pays the gas instead of you.
Our core design principle has held since 2017: peer-to-peer swaps are a fundamental primitive of the tokenized economy boasting many benefits over order books and AMMs — uniquely enabling both automated RFQ (“request for quote”) and OTC (“over-the-counter”) protocols.
Zero Slippage and MEV Resistance
AirSwap is built on atomic swaps, providing natural protection against counterparty risk and MEV (“miner extractable value”) while remaining fully non-custodial. The price you see is the price you get without risk of price slippage or being sandwiched by bots.
High Performance Trading Protocols
AirSwap technology powers peer-to-peer networks with de facto standard RFQ and Last Look protocols making it the top choice for professional trading firms entering the decentralized financial system. If you’re already trading in DEX, just plug in your strategies and go.
Gasless Swaps for End Users
The new AirSwap Last Look protocol means in some cases users no longer need to pay for gas: it’s handled by the maker in a maximally efficient way. See real-time quotes without connecting a wallet and see tighter spreads (better pricing) since the maker is not locked into an expiry.
Try it out today with swaps between WETH, USDT, USDC, DAI, and WBTC but keep in mind there may be minimum size requirements.
A New Frontier for P2P
We believe that decentralized exchange is more than technology — it starts with who’s building it and how. As an open developer community with a specific mission to standardize peer-to-peer trading, AirSwap DAO is geared from end-to-end to deliver.
We welcome you to join, in small part or large, as a developer, designer, ambassador, product manager or strategist, to be a part of the decentralized future and level up with us along the way. Check out the new app, the wiki, and the Discord to get started.
