New AirSwap trading and rewards protocols are here: efficient peer-to-peer multi-chain trading and latest major protocol release delivered by the AirSwap DAO.
Since the launch of the DAO last year, 50+ proposals have been implemented by 25+ contributors and $1.4B+ in volume has been traded — with all protocol fees ($1.46M+) continuously distributed to decentralized governance participants and contributors.
During a recent major update to the DEX frontend at www.airswap.io and release of “gas free” swaps, a parallel protocol development process was underway including the development of several community proposals (AIPs) related to trading and rewards.
Today’s AirSwap V3 release includes these updates and more. Check out the release on GitHub for more details on scope (AIPs 18, 26, 37, 41, 46, 57) and security audit by PeckShield.
Peer-to-peer trading protocols
Since launch in 2017, AirSwap has been laser focused on peer-to-peer trading systems. Over the years, its technologies have been recognized by the St. Louis Fed, MIT Technology Review, Stanford Journal on Blockchain Law and Privacy, and more, as the leading P2P protocol.
New V3 protocols are implemented by AirSwap, AirSwap OTC, AirSwap CLI, aggregators like MetaMask Swaps, and several top-tier market making firms.
Request-for-quote (RFQ) is an automated request-response protocol for market makers running web servers from which clients request orders via JSON-RPC over HTTP.
Streaming (Last Look) is an automated streaming protocol that allows market makers to stream pricing to clients over WebSocket, which in turn transmit orders to the server for settlement.
Over-the-counter (OTC) is for trading between known counterparties via chat or email using AirSwap for settlement. Some of the largest trades in DeFi have been made on AirSwap OTC.
AirSwap is now live on Ethereum, Binance Smart Chain (BSC), and Avalanche C-Chain — with more deployments in the pipeline.
For developers and makers
V3 for market makers and app developers means new tools and packages to implement peer-to-peer swaps and immediately start trading.
New opportunities — As apps deploy onto new chains, demand follows. New opportunities for both market making and DEX aggregation are now live across all supported chains.
Efficient protocols — V3 is more efficient than ever for swaps between any ERC20 or ERC721 token. This means lower fees for settlement and more competitive market making in aggregate.
Libraries and examples — Check out example projects for a demo maker and demo frontend that are built using TypeScript library packages published to NPM. More guides coming soon.
Each chain has its own Swap and Registry contracts. Each Registry is used by makers to signal their intent to trade each respective chain.
For community members
V3 rewards protocols have been updated to improve the community member experience, including slippage protection on claims, cold wallet delegation, and fee consolidation.
Consolidated rewards — Rewards on all chains are converted into a single token to enable smaller token balances to be consolidated and claims to be made on a single token.
Efficient reward claims — V3 offers significantly more efficient claims transactions, meaning you can keep more of your rewards rather than paying gas to claim them.
Protocol fee discounts — Members will soon enjoy protocol fee discounts according to their balance of staked AST on all swaps performed through the primary DEX frontend.
Each chain has a rewards pool. Staking to participate happens on Ethereum, but using points to claim rewards happens on any chain.
Onward and upward 🚀
As the second major DAO release and introduction of new trading and rewards protocols, AirSwap turns another page as a lasting and secure decentralized trading model. For makers, developers, and community members, V3 marks an important step in its evolution.
We are now focusing on V3 adoption with constant iteration on our protocols and products through the AirSwap Improvement Proposal (AIP) system. To join us on this mission, you too can contribute and earn as a member of the community. Join Discord to find out how.
About AirSwap
AirSwap is a developer DAO focused on decentralized trading systems. Our mission is to develop and steward standard peer-to-peer trading technology in the decentralized economy.
