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!

The most capital-efficient & secure Cross-Chain DEX |

First dApp built on 
@CoinwebOfficial
 using PACT |

Telegram: http://t.me/CWAPSWAP |

CWAP SWAP

**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!

Cyralyst

Today is one of the most important days for CWAP SWAP. Today is the day where the $CWEB Cartel ended voting on making the CWAP smart contracts the first whitelisted smart contracts on Coinweb. A necessary step to be able to start onboarding Beta Testers.

100% of votes are in favour for a early release of CWAP SWAP.

Misterwhite

Is this the dApp of the year?

If someone wants to do a deeper dive, I would wait for them to publish their website and docs. But here's what I found.

CWAP uses Coinweb's technology and PACT for secure, low-cost cross-chain transactions.

The anons using CWAP
Users: Connect with wallets, select pairs, and perform swaps, benefiting from CWAP’s security and cost efficiency.

Participants: Earn incentives by providing collateral via $CWEB on L2 or liquidity on L1. Fees from the dApp are shared with these participants.

How Coinweb Enhances CWAP
Elimination of Traditional Consensus: Coinweb removes the need for traditional voting, using data from blockchains under consensus.

Cross-Chain Functionality: Coinweb monitors all connected chains' activities, ensuring consistency and robustness against L1 reorgs.

Verification Process: Coinweb ensures secure swaps by using deterministic data from blockchains and collateral worth more than the trade amount.

PACT: Ensuring Security and Efficiency
PA - Penalty Adjudicator: Collects data from CTs (Chain Transaction Sentinels) and evaluates PACT terms, releasing collateral if discrepancies arise.

CTs - Chain Transaction Sentinels: Monitor blockchain state transitions, adjusting to reorganizations and reporting the true state to the PA.

Market Incentives and Settlement
CWAP uses an order book model for direct BTC to ETH trades. For less liquid pairs, intermediary L2 tokens like $CWEB ensure efficient settlement.

**Is this the dApp of the year?**

If someone wants to do a deeper dive, I would wait for them to publish their website and docs. But here's what I found.

CWAP uses Coinweb's technology and PACT for secure, low-cost cross-chain transactions. 

**The anons using CWAP**
Users: Connect with wallets, select pairs, and perform swaps, benefiting from CWAP’s security and cost efficiency.

Participants: Earn incentives by providing collateral via $CWEB on L2 or liquidity on L1. Fees from the dApp are shared with these participants.

**How Coinweb Enhances CWAP**
Elimination of Traditional Consensus: Coinweb removes the need for traditional voting, using data from blockchains under consensus.

Cross-Chain Functionality: Coinweb monitors all connected chains' activities, ensuring consistency and robustness against L1 reorgs.

Verification Process: Coinweb ensures secure swaps by using deterministic data from blockchains and collateral worth more than the trade amount.

**PACT: Ensuring Security and Efficiency**
PA - Penalty Adjudicator: Collects data from CTs (Chain Transaction Sentinels) and evaluates PACT terms, releasing collateral if discrepancies arise.

CTs - Chain Transaction Sentinels: Monitor blockchain state transitions, adjusting to reorganizations and reporting the true state to the PA.

**Market Incentives and Settlement** 
CWAP uses an order book model for direct BTC to ETH trades. For less liquid pairs, intermediary L2 tokens like $CWEB ensure efficient settlement.

CWAP is a new cross-chain decentralized exchange (DEX) that aims to revolutionize the way we trade digital assets. Similar to @THORSwap and @Chainflip, CWAP supports Bitcoin and a wide range of other blockchains. However, it introduces some key differences that set it apart from the competition.

• Innovative Approach to Security
• Cost-Effective and Flexible
• Permissionless Listings
• wide Supported Chains
• Commitment to Decentralization
• TL;DR
🟪 More secure, 50-95% cost-savings
🟦 Permissionless & promoted listings
🟪 Connects any blockchain, including Bitcoin
🟦 Less offchain infrastructure than similar DEXs

You can read detailed post by reaching this link:
https://cyrator.com/post/cwap-swap-a-revolutionary-cross-chain-dex-668fa51b1193c951e8744449?ref=668e74221193c951e87443e9

Project is progressing very well and very soon will be available to use !!!

CWAP is a new cross-chain decentralized exchange (DEX) that aims to revolutionize the way we trade digital assets. Similar to @THORSwap and @Chainflip, CWAP supports Bitcoin and a wide range of other blockchains. However, it introduces some key differences that set it apart from the competition.

• Innovative Approach to Security
• Cost-Effective and Flexible
• Permissionless Listings
• wide Supported Chains
• Commitment to Decentralization
• TL;DR
- 🟪 More secure, 50-95% cost-savings
- 🟦 Permissionless & promoted listings
- 🟪 Connects any blockchain, including Bitcoin
- 🟦 Less offchain infrastructure than similar DEXs

You can read detailed post by reaching this link:
https://cyrator.com/post/cwap-swap-a-revolutionary-cross-chain-dex-668fa51b1193c951e8744449?ref=668e74221193c951e87443e9

Project is progressing very well and very soon will be available to use !!!

CWAP SWAP CWAP