Welcome! These Basics of True Dex (BOTD) documents describe a protocol that provides an open interface for seamless exchange of Elements-based assets on the Liquid Network, dropping unnecessary forms of middlemen it allows faster, more efficient and non-custodial exchange.
- BOTD #0: Index
- BOTD #1: Message Protocol
- BOTD #2: Transport Protocol
- BOTD #3: Swap Protocol
- BOTD #4: Trade Protocol
TrueDEX aims to create a global exchange network with an open interface for faster, non-custodial and confidential trading of digital assets.
To do that, we take advantage of the UTXO model and then the underlying capability of Elements-based networks to perform automated swaps, without the need of a trusted third-party. We propose to consolidate the stakeholders on an open standard for swaps, described in the BOTD #3: Swap Protocol