Improvement for Swaps

[Dianaaiym]

Enhance the swap functionality with the following improvements:

• Add support for specific chains:

• Enable swap functionality for TON, TRON and Solana networks.

• Ensure seamless integration and compatibility with the existing swap process.

• Cross-chain swap support:

• Integrate cross-chain swaps using 1inch protocol.

• Allow users to perform swaps across different blockchains with minimal friction.

• Enable P2P fiat-to-crypto swaps using GNU Taler as the escrow service for secure and trustless transactions.

Key Features:

1. Counterparty Matching:

• Match users within Unstoppable's P2P marketplace who want to exchange fiat and crypto.
• Ensure a counterparty exists willing to complete the transaction (e.g., 50K USDT for fiat).

2. Escrow Mechanism:

Buyer Process:

• Send fiat payment to GNU Taler's escrow account.
• Alternatively, provide proof of payment (e.g., receipt screenshot) if required by local regulations.

Seller Process:

• Send 50K USDT to GNU Taler's escrow account.
• Optionally provide proof of fiat receipt for additional dispute resolution.
• GNU Taler confirms both sides of the transaction before releasing the fiat to the seller and USDT to the buyer.

3. Privacy and Security:

• GNU Taler's cryptographic blind signature technology ensures privacy for both parties while maintaining transaction integrity.

4. Invoice Generation for Bank Transfers:

• GNU Taler provides invoices for fiat payments, including all required transaction details (e.g., reference number, recipient account information, purpose) to comply with banking regulations.

Acceptance Criteria:

• Users can seamlessly execute P2P swaps with GNU Taler as the escrow.
• The system ensures secure and trustless transactions with full compliance for fiat transfers.
• Privacy and integrity are maintained for both parties using cryptographic technology.
• An invoice generation feature is available for fiat transactions.

Reference:

GNU Taler's escrow mechanism explained: YouTube Video

[serrq]

Even Axelar protocol allows for cross-chain swaps (just for aknowledge).

[J0J0XMR]

+1 for Solana swaps.