Episode Details

In this episode, we talk about DEX aggregation with Nikita and Flynn, who showcase BazaarSwap and everything they have built.

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

Timestamps:

00:00:00 Intro

00:03:00 Kenton update

00:04:00 Flynn introduction

00:05:00 Flynn came into crypto looking for privacy and better ways to manage money

00:06:00 Nikita starts

00:08:00 Nikita talks about the difficulties of crypto and simplifying the experience

00:09:00 BazaarSwap talks about the convenience of their DEX aggregator

00:12:00 BazaarSwap screen share begins

00:14:00 BazaarSwap demonstration

00:16:00 Rate comparison and accuracy

00:18:00 Axelar wrapped asset rugging event

00:20:00 Swap execution metrics

00:21:00 Nikita talks about the benefits of DEX aggregator unification with AI

00:25:00 Monero is supported and will be ready

00:27:00 TON discussion and gold derivatives

00:29:00 Wallet support for TON

00:31:00 Nikita: More pathways are coming

00:33:00 We are excited about TON because of all the possible connections and momentum from recent announcements

00:34:00 Telegram is the #1 place for crypto because it has a built-in wallet

00:36:00 Do you track quote accuracy and execution?

00:38:00 Nikita: We try to provide multiple metrics for users

00:40:00 Nikita says he has worked on many products, and there has always been some degree of price differential

00:41:00 ETH to BTC swap

00:44:00 When THORChain adds TON, many new possibilities open up

00:46:00 Multiple execution parameters for swappers (cheapest, fastest, etc.)

00:48:00 THORChain is superior to everything else out there

00:49:00 Why did we choose to integrate THORChain? They maintained the ethos!

00:53:00 THORChain is more optimized for handling large swaps

01:00:00 Swap logic breakdown: liquidity versus the router

01:03:00 THORChain explanation

01:05:00 How do you get into crypto from fiat?

01:07:00 Rujira capabilities discussion

01:11:00 Price oracle exploit discussion and comparison on BazaarSwap

01:16:00 There are lots of shady things going on

01:17:00 You have no way of knowing if brokers are doing shady things

01:18:00 Kenton: Is your slippage related to price impact?

01:23:00 XMR demonstration was done on his birthday

01:26:00 OpenUSD is the next attempt at a CBDC

01:28:00 There is a competition right now to capture the infrastructure

01:32:00 Latest information on the Clarity Act

01:37:00 Privacy is not the default on THORChain, but obfuscation is impossible

01:39:00 THORChain is decentralized and permissionless

01:42:00 THORChain is the solution

01:50:00 Nikita's final thoughts

01:51:00 Kenton outro

01:52:00 Is there a token related to BazaarSwap?

01:54:00 Fees? (They do not charge additional fees; it varies by provider.)

01:59:00 What Flynn loves about THORChain