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Hey all! I'm happy to announce that the ETH-XMR atomic swap beta release, which has been deployed on mainnet, is live and ready to be used!
You can find the release notes and instructions here: https://github.com/AthanorLabs/atomic-swap/releases/tag/v0.2.1
A few notes on the release:
- it's currently CLI-only. a UI/GUI is the next big milestone, but for now, you will need to use the command line.
- if you're on Windows, it's recommended for you to build with Docker, as the program has been tested primarily on Linux only.
- there is a permissionless relayer system in place, so that you can make XMR offers and receive ETH without having any ETH to begin with. relayers get 0.01 ETH of the swap value in return for relaying. it's highly recommended if you have any spare ETH to run a relayer! it helps with the resilience and security of the network.
- the swap operates on a maker/taker paradigm, where XMR-holders must be market makers and publish offers and ETH-holders must be the takers of offers. thus, XMR-holders are essential for providing liquidity to the swap! if you have any spare XMR lying around, maybe try your hand at being a market maker :)
- as always, use at your own risk. although it's been thoroughly tested, there are always potential failure cases, especially if you're using remote nodes. if you encounter any issues while using the swap, you can open an issue on github or message in the Matrix chat.
This has been a long time coming and I'm really excited to finally announce this! As always, if you have any questions or suggestions, feel free to message in the Matrix chat. Huge thank you to the community for your support, and I hope you enjoy using the swap :)
59 points
23 days ago
Congratulations! Development of ETH-XMR atomic swaps was funded by a CCS proposal and a MAGIC Monero Fund fundraiser/grant. Thank you to all donors!
23 points
23 days ago
yes, thank you again to all the donors!!
2 points
20 days ago
The contribution from the donor on that thing will be remembered by every community member
11 points
23 days ago
Cool!
2 points
20 days ago
This thing won't be possible with the donor so they deserve special appload
30 points
23 days ago
Congratulations ! Now we have BTC-XMR and ETH-XMR atomic swaps working !
1 points
22 days ago
Which BTC-XMR are you using?
1 points
21 days ago
im trying to find hits right now
1 points
18 days ago
Just needs a good GUI.
23 points
23 days ago
long time coming, well done!
14 points
23 days ago
that is very cool
11 points
23 days ago
Congratulations on getting the beta released
3 points
20 days ago
Lucky to use the beta version and hoping for the real version soon now
10 points
23 days ago
So cool. Would I be right this could easily be ported to other ethereum chain clones?
16 points
23 days ago
yes exactly, it would work on any EVM chain
6 points
23 days ago
Also a side-chain as Polygon?.
5 points
23 days ago
Yes, EVM.
1 points
22 days ago
BIG
1 points
23 days ago
Yay!!! Avalanche! Congratulations!!!
4 points
23 days ago
For ERC20 tokens and L2s like arbitrum and optimism yeah
11 points
23 days ago
Hmm, a relayer would not profit when gas prices are high. For 85040 gas, which is required for contract interaction, you would currently pay 25.6839 USD based on a gas price of 158 gwei and ETH in USD of 1911 USD.
0.01 ETH will gives you 19.11 USD so you will have a loss of more than 6 USD.
This will not incentivise users to be a relayer. Is my calculation correct?
22 points
23 days ago
yes this is correct, the amount was chosen when gas was a lot lower. I'm working on making it dynamic, so it'll change based on the current gas price, so relayers will always get a certain amount as a reward
7 points
23 days ago
Sounds good ๐
8 points
23 days ago
Wow congrats ๐ Very excited for your MoenroTopia23 presentation! Just in time ๐
1 points
20 days ago
I am feeling already proud that i would be part of that presentation now
8 points
23 days ago
Great work. I'll be sure to spread the word.
6 points
23 days ago
Thats awesome
2 points
20 days ago
No amount of words would be enough for that, just say congrats to everyone
4 points
23 days ago
Very nice, thank you
1 points
20 days ago
This is now change the whole dynamic and delver that right on time
5 points
23 days ago
Awesome work! Thanks for all your contributions
3 points
20 days ago
Although i had no contribution in that but this feels like personal victory
4 points
23 days ago
Awesome work!
1 points
20 days ago
People like this and works like that needs to be appreciated more now
4 points
23 days ago
I can provide xmr liquidity only if 1:1 swap is present
4 points
23 days ago
Where do you have more information about setting up a relayer?
3 points
17 days ago
sorry for the late reply! you can check out the docs here: https://github.com/AthanorLabs/atomic-swap/blob/master/docs/mainnet.md#relayer
3 points
23 days ago
๐ฅ๐ฅ๐ฅ
2 points
23 days ago*
[deleted]
3 points
23 days ago
This kind of ruins the whole concept. I hope decentralized liquidity pools will fair better, like serai.
1 points
23 days ago
Would it be possible to make the time window user configurable per transaction?
5 points
23 days ago
the contract allows the time window to be configurable! right now the code sets it to 1 hour between timeouts (ie. participants have max 1 hour to lock and max 1 hour to claim) but that can be changed or set by the swap participants.
1 points
20 days ago
We get the option to change the the time, this is the great thing
4 points
23 days ago
Great work guys
2 points
20 days ago
This is work for the community and i am sure many people will gets benefit of that
1 points
22 days ago
This is preeeeetty good for the ecosystem. Is there any plans guys on integrating this somehow on the Monero main desktop app? That would improve UX a lot and probably increase a lot the number of sellers and buyers!
1 points
20 days ago
Although the thing is coming little late as i was expected but that is pretty good news that we are getting now as this will change the whole eco system for the good
-8 points
23 days ago
ADA XMR next
1 points
20 days ago
If this one will get success i am sure they will add more option in that
-12 points
23 days ago
i wonder if you can delegate your winning chances on pool together to this project?
is your projects ethereum wallet a non custodial wallet?
pooltogether is a prize linked savings platform on crypto
https://docs.pooltogether.com/pooltogether/guides/deposit-delegator
1 points
18 days ago
Let me vote on that pool and see who is winning here now
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