About LNSwap

Lnswap is made up of three parties: users, liquidity providers, and aggregators.

Users are those looking to swap assets. Their funds are locked into a very basic hash time-locked contract (HTLC) only for the duration of the swap which – through the use of smart contracts – enables a direct transaction between two parties without third party involvement. In short, our users experience a truly trustless transaction where they retain full control over their funds.

Liquidity providers are those who provide funds to the LNSwap protocol with assets that they own to facilitate swaps on our exchange. In return for providing their assets, liquidity providers are rewarded with fees that are generated by swaps that happen on the platform.

Aggregators essentially gather data and information on swaps happening on the protocol and consolidate them for ease of reference and access. Currently, LNSwap’s aggregator is a router that is used to forward swap information between users and liquidity providers. But in the future, our aggregator will actually be an on-chain contract, which effectively means that anyone can become an aggregator for the platform with a simple frontend. Additionally, liquidity providers will be able to register to multiple aggregators.