The PintSwap p2p protocol enables a hybrid DEX + OTC clearinghouse, which shares some properties of the orderbook DEX architectures that dominated in the ICO days. With PintSwap we can provide a similar limit orderbook structure, but without a centralized entity or dedicated relayer, eliminating the risk of censorship that ultimately caused the shift from CLOB to AMM. A p2p orderbook is not where PintSwap ends, however, but rather just one piece of a larger trade engine that can optimize a potentially complex spread, providing trade economics ideal for the trade of any asset, even ones with a very low market capitalization. We’re back, baby!
Next, the PintSwap team is launching automated tooling for individuals or entities to run market making strategies on top of the protocol. The software will make use of a running pintswap-daemon RPC and automatically maintain a spread on any pair. This means we will be able to bring liquidity onto the books in a way that is profitable for the maker, but also healthy for the DEX. PintSwap itself will be market making on project tokens, especially PINT (but also partner projects), to ensure that PintSwap is always an efficient and tax-free landing page to ape in quick to a new project.
But, we want everyone to participate! So, PintSwap will soon be providing our own sipERC20 framework, which are vaults that can be spawned for any standard ERC20, providing an interface for single-sided staking on any asset, even a niche altcoin. Special wallets, permissioned with an NFT, are able to tap into this reserve and run strategies using block builder RPCs and the MEV namespace. Revenue captured by strategies will feed back to the vaults, but also into the PINT staking framework. In this way PintSwap can provide yield on assets which may otherwise have very little utility, but also on the PINT token itself.
PintSwap development will maintain a focus on improving and expanding on trade strategies run on top of the p2p orderbook, where we can both create a better trade experience for users, but also capture MEV revenue for token holders.
We are moving fast! So, stay in the loop for our announcements regarding the TRIS presale NFT sale, and further development on our MEV architecture and p2p trade strategy proposals.
Stay faded, traders!
