ConsenSys introduces major AirSwap upgrades



ConsenSys, one of the most prominent Ethereum software companies, has launched an updated version of AirSwap, a peer-to-peer exchange that promotes complete decentralization and guaranteed pricing.

ConsenSys introduced a new AirSwap on Tuesday, culminating in “Phase Two” of its development roadmap. Technical upgrades were based on AirSwap improvement proposals, or AIPs, which help the community choose and prioritize new development projects on the network.

The upgraded exchange will protect traders from both pre-skidding and pricing by taking advantage of Request for Quote, or RFQ, and atomic swaps to settle, ConsenSys tells Cointelegraph. The company expects RFQ models to account for approximately 40% of the decentralized trading volume in the future.

Don Mosets, Head of Product at Codefi Markets and Co-Founder of AirSwap explained:

“In aggregators like MetaMask swaps, we see about 40% of the volume is captured by the RFQ models thanks to non-slip, competitive pricing, and efficient execution.”

Mosites said RFQ systems reduce gas costs and promote better prices by professionals. The result is no slippage of trades of any size and no market manipulation.

“AirSwap RFQ solves the challenges presented by AMMs” or automated market makers, Mosites explained. It also offers a better use case for over-the-counter or OTC deals. Moses SaID “Some of DeFi’s biggest trades have been on AirSwap OTC.”

AirSwap reportedly was too Source From ‘First peer-to-peer security token trade’ in November 2018.

Starting Tuesday, exchange users will also be able to participate in governance by placing their AirSwap tokens on Codefi Activate, which seeks to promote the use of new networks. Fifteen election announcements have been published so far, and the rest are awaiting voting.

New token issuers can use Codefi Activate to stimulate participation in the governance process of their communities.

AirSwap was launched in 2017 with 9,447 participants from 135 countries. Its average trade volume is around $ 2 million per day and is expected to pick up after new mergers.

ConsenSys was in the spotlight last week after the company announced a new partnership with cybersecurity firm Securosys to launch a more secure storage solution for Ethereum 2.0. The new product, Codefi Staking, provides Eth2’s “institutional sharing tools”.