Using Arwen in Beta

Arwen
Arwen
Mar 29, 2019 · 3 min read

We’re excited to announce that Arwen Beta will shortly go live on KuCoin! Arwen allows traders to self-custody coin while trading on a centralized exchange’s orderbook, through the use of on-blockchain escrows and secure cross-chain atomic swaps.

You will soon be able to use Arwen in Beta to trade the LTC-BTC and BCH-BTC pairs on KuCoin’s centralized orderbook. In this blog post, we cover what you can expect when using Arwen while it is in Beta.

Trading amounts are limited

Because Arwen is in Beta, we’ve temporarily limited the amount of coin you can lock in escrow and trade. Currently, each escrow you can open with Arwen is limited about $120 USD worth of coin, and each trade is limited to about $20 USD worth of coin. The number of escrows that may be open at the same time, by a single user, is also limited during this Beta period.

Image for post
Image for post
Arwen System Overview

Arwen security road map

We are working hard to enhance security and add features to the current Beta release of Arwen. Below is a list of just some of the security features we’re working on, that will be included in future releases of Arwen.

Arwen Trading Protocol Security Assumptions

The Arwen Trading Protocols ensure that the trader’s coins are safe even if an attacker compromises the exchange, or the Arwen Hub that speaks Arwen on behalf of the exchange. This holds as long as the trader remembers to

1. close her escrows before they expire.

2. come online during the coin recovery period indicated by the Arwen App, in the unlikely event that the exchange improperly aborts one of her trades.

The traders’ coins are safe if she remembers to do items 1 and 2 above. If the user forgets to do items 1 or 2 above, then her coins are at risk only if the exchange is hacked or malicious.

Using Arwen

We hope you enjoy trading with Arwen while it is in Beta!

To learn more, you can read our support documents, or email your questions to support@arwen.io.

Arwen

Arwen is the most secure way to settle trades of digital…

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store