Airswap Defi Review: Powering Peer-to-Peer Trading.

About Airswap Defi

Airswap Defi describes itself as a decentralized, peer-to-peer token trading network powered by Ethereum. AirSwap aims to make the buying and selling of tokens secure, simple, and without fees. Its mission is to empower people with global, frictionless trade. AirSwap implements the Swap protocol and currently has three products: Instant, Spaces, and DexIndex.

AirSwap is a peer-to-peer RFQ style trading network for Ethereum. Peers connect and agree on price through mutual cryptographic signatures, settling trades via atomic swap without any intermediaries. Every trade on AirSwap involves an RFQ server or a trader manually communicating prices over-the-counter (OTC).

The live AirSwap price today is $0.120349 USD with a 24-hour trading volume of $1,549,612 USD. AirSwap is up 8.81% in the last 24 hours. The current CoinMarketCap ranking is #627, with a live market cap of $18,052,386 USD. It has a circulating supply of 150,000,000 AST coins and the max. supply is not available.

Airswap Facts

Powering peer-to-peer trading.

Decentralized

Maintain custody of your keys and your coins. No sign-ups and no deposits, only peer-to-peer trading directly from your favorite digital wallet. Plug in and go.

Guaranteed price

The price you see is the price you get. Each swap is cryptographically signed and guaranteed to fill at the specified price without any slippage during execution.

Atomic swaps

Both sides of a swap must successfully transfer tokens in a single transaction. If one side fails, the entire transaction reverts and no tokens move.

AirSwap Improvement Proposals (AIPs)

AirSwap is governed by a community proposal and voting process called AirSwap Improvement Proposals (AIP). For more information on AIPs see AIP 1 and check out all active proposals. Voting is held on Codefi Activate.

MetaMask Swaps

AirSwap is the most direct way to provide liquidity to 5M+ active users of MetaMask Swaps. Just Run a Server and Use the CLI to add it to the Indexer. Requests for quotes will start coming your way.

Architecture

AirSwap works with a combination of web protocols and smart contracts. There are two kinds of liquidity providers in the system, those that run their own HTTP servers to provide liquidity and those that manage onchain delegates that make trades on their behalf.

Each swap is between at least two parties, a signer and a sender. The signer is the party that creates and cryptographically signs an order, and sender is the party that sends the order to the Ethereum blockchain for settlement.

Make Liquidity

Makers run Servers or deploy Delegates and use the Indexer to signal their interest in trading.

Makers…

1. Run a Server at a public URL and use it as their locator value.
2. Stake AirSwap Tokens to signal their intent to trade on the Indexer.
3. Respond to get*Quote and get*Order requests.

Take Liquidity

Takers use the Indexer to find Servers and Delegates to interact with.

Servers (HTTPS)

Servers implement the Quote and Order protocols.

Takers…

1. Call getIntents on the Server Indexer using protocol 0x0000 and receives locators (URLs).
2. Call get*Order on each HTTPS Server using JSON-RPC over HTTPS.
3. Call swap on the Swap Contract with the order that it wishes to execute.

Technology

AirSwap is a peer-to-peer network. A simple combination of web protocols and smart contracts powers its RFQ (request-for-quote) style protocol.

There are two kinds of liquidity providers on AirSwap: those running their own HTTP servers to provide liquidity and those managing onchain delegates that swap on their behalf.

Each swap is between two parties, a signer and a sender. The signer is the party that creates and cryptographically signs an order and sender is the party that sends the order to the Ethereum blockchain for settlement.

Build the future of trading

Thinkers, designers, and developers can all contribute and earn. Staking the AirSwap token (AST) is the first step in joining the process.

AirSwap is driven by a development system called AirSwap Improvement Proposals (AIP).

Proposals are for new protocols, smart contracts, maker software, network tooling, applications, tokenomics, and more. Collaborate with the token and developer communities and earn for your contributions.