"You can't stop the waves, but you can learn to surf.", Jon Kabat-Zinn
COMIT's vision is to have an open financial system - truly inclusive, censorship resistant and non-discriminatory. And we believe that Bitcoin is the most promising platform for such an open financial system due to its decentralization and its censorship resistance.
Ultimately we would love to see such an open financial system be built on top of Bitcoin, however, as of today, Bitcoin lacks privacy and only supports a single asset (BTC).
As mentioned in Project Droplet, we believe that Liquid is such a platform allowing us to build a financial ecosystem around Bitcoin. We see the possibility to build products such as lending and borrowing, prediction markets (option/futures) and even saving products. All of these share a basic building block: trading.
Swapping Sats on Liquid
In the following weeks we will focus on that building block and implement an atomic swap solution to allow traders to trustlessly buy or sell L-BTC for L-USDT on Liquid. In the first version we will focus on a single maker approach, i.e. there is one Liquidity Provider (LP) you have to connect to, who will offer you a rate. You can then trade against them.
In a follow-up version we plan to evolve this tool to a peer-to-peer trading solution which allows you to connect to multiple LPs at the same time and even create your own orders.
We created a simple mock-up and would love to hear your feedback: Figma Mockup.
If you want to hear more, feel free to reach out to us:
- Twitter: https://twitter.com/comit_network
- Matrix: https://matrix.to/#/!VXJqVoUrHanVlQFVEU:matrix.org?via=matrix.org
Cheers, Philipp, Lucas and Thomas (and the rest of COMIT)