"Powered by the Arkade protocol, Lendaswap uses HTLC-based atomic swaps - a technology similar to that of the Lightning Network - to deliver a seamless experience for anyone looking to swap BTC and stablecoins "without giving up self-custody, creating accounts, or relying on wrapped tokens," according to a press release shared with Bitcoin Magazine. Lendaswap will support Ethereum and Polygon at launch, with planned expansion to Base, Solana, Binance Smart Chain, Arbitrum, and Optimism."
""Bitcoin self-custody needs more than passive holding, it needs infrastructure," said Philipp Hoenisch, co-founder of Lendasat, adding that "Lendaswap is a major step in unlocking more utility for BTC, and marks the first step for BitcoinFi. For the first time, anyone can move between Bitcoin and stablecoins without trusting a custodian, without wrapping, and without asking permission. This is what Bitcoin-native finance should look like.""
"The startup demonstrates the power and potential of the Bitcoin scripting language, which had for years been dismissed as inferior to that of Ethereum-era blockchains. The Ark protocol used to make Lendaswap possible is an increasingly popular technology among Bitcoin enthusiasts and entrepreneurs. None of the Lendaswap tech stack is open source yet, but the company told Bitcoin Magazine it is in their short-term roadmap. Lendaswap is now live at https://swap.lendasat.com/"
Lendaswap is an atomic swap exchange enabling instant, non-custodial trades between Bitcoin and stablecoins across Ethereum and leading EVM-compatible chains. The platform is powered by the Arkade implementation of the Ark protocol and uses HTLC-based atomic swaps similar to the Lightning Network to avoid wrapped tokens and custodial risk. Ethereum and Polygon are supported at launch, with planned expansion to Base, Solana, Binance Smart Chain, Arbitrum, and Optimism. Swaps execute via Arkade for instant Bitcoin-side execution and support bi-directional trades between BTC and stablecoins. The Lendaswap tech stack is not yet open source but is planned for the short-term roadmap.
Read at Bitcoin Magazine
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