CWAP SWAP Whitepaper Review
CWAP is a cross-chain DEX that supports 10 chains, including BTC. The most special thing about CWAP is that it does not use an interoperability solution that has deployed a bridge for message-passing. We have all read about the hacks of message-passing systems...
Deploying it entirely as chain-agnostic smart contracts helps with cost-efficiency given there are no validators voting on the messages, time delays as well as other overheads.
CWAP offers a variety of settlement methods, including peer-to-peer and Lightning Network settlements. This allows users to choose the most cost-effective and efficient way to complete transactions.
They are also implementing a fully decentralized/serverless front end. Making it resistant to censorship and allowing it to remain operational and accessible regardless of external pressures.
Permission-less/Promoted listing of assets from different blockchains enhances DeFi composability, anyone can list their token against BTC, USDT, etc regardless of the chain you have the token on.
The $CWAP token looks highly deflationary, with tokens being burned to access fee pool, affiliate programs, listing fees and more. It also gives you voting rights.
Since CWAP is deployed as smart contracts you can create complex financial products and services on top of it.
It's like if a CEX, Uniswap and THORSwap had a baby. It has the potential to become the most advanced/used DEX in the whole space.
Tech review coming! Show Less
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