I’ve solely turn out to be conscious of this venture because of the latest blog post by Cryptophyl. It sounds superior, and I am excited for it! I do not see anybody right here actually speaking about it, so I assumed I would make this thread.
Detoken is a trustless, limitless and safe approach to entry peer-to-peer finance from anyplace on the planet. Detoken acts as a non-custodial layer between you and new monetary instruments constructed on the Bitcoin Money blockchain.
The approximate launch date for Detoken is finish of Q3 2020. Detoken will initially supply the primary Decentralised Finance (DeFi) product constructed on Bitcoin Money, in collaboration with Common Protocols. Shortly after, SLP tokens can be added.
SLP tokens listed on Detoken may be traded straight out of your Detoken pockets, with no deposits or withdrawals. Trades are made with zero confirmations: this implies no extra ready for the blockchain community to simply accept your transaction. SLP buying and selling on Detoken can be achieved utilizing atomic swaps, therefore, the method is trust-less: you by no means must belief both Detoken or the counterparty in your commerce.
You’ll at all times be in charge of your non-public keys on Detoken. We imagine a non-custodial alternate mannequin has vital person expertise advantages and is the right strategy for our enterprise and the long run.
That is all the knowledge I have been capable of finding on it thus far. I am to listen to about the entire info and hypothesis relating to this venture!