@consensusFuture
49fbdc01721b8a18455f196274a4bf6da4e4f7f67b581ffffff9262e19c338f9Mar 13, 2025, 14:30:41
One use case for blockchains I haven't seen yet: block trades.
Imagine a buyer or seller wants to transact a large amount of crypto but doesn't want to do it on an exchange because of slippage or counterparty risk. What about a decentralized facility where (a) buyers/sellers submit a request for quote (b) liquidity providers respond and (c) buyers/sellers either accept liquidity provider quote or counteroffer. Smart contract guarantees the requisite amount of coin is held by buyer/seller and liquidity provider and processes transaction if/when agreed upon. A trustless, self custody solution to block trades applicable to any onchain asset.
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