airswap / airswap-aips

AirSwap Improvement Proposals
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AIP 87: Research and Deploy AirSwap on TELOS #89

Open Koploseus opened 1 year ago

Koploseus commented 1 year ago

Summary

This AIP (redacted by the Telos team) proposes to Contributors to research AirSwap deployment on TelosEVM

Specification

Deploy AirSwap on TelosEVM testnet (https://docs.telos.net/) Contributors to test AirSwap protocols on TelosEVM testnet & integrate TelosEVM Mainnet on https://www.airswap.io/ Front-ends will have the ability to integrate AirSwap once deployed. Swap fees assessed on AirSwap will be the same as ETH mainnet. Telos is EVM compatible. However, Telos is built on a smart contract on the Telos Layer 1.Contributors will perform and run different scenarios to ensure that AirSwap contracts (AirSwap OTC, AirSwap DEX) are compatible with TelosEVM Network. Once compatibility has been established, AirSwap will deploy the contracts and reach out to projects for integrations.

Rationale

AirSwap’s mission is to become the standard DeFi protocol for peer-to-peer trading. From AIP 49, the AirSwap DAO has established a multi chain strategy to prioritize rolling out AirSwap protocols to various chains. We have already successfully deployed on ETH, AVAX, BSC, Polygon and Arbitrum. Telos is a L1 blockchain network with the fastest and only EVM with no front running. 10k+ TPS and 0.5 secs block times makes Telos perfect for DeFI activities and scalability. Telos ecosystem has more than 100+ partners, 50+ Team Members, 1.2 million accounts and 200k+ community members.

GameStop recently announced they will be launching a steam like Web3 gaming platfom - PlayR on Telos. Expecting an influx of Web2 & Web3 users, we are also looking for strategic partners to grow our DeFi ecosystem. This means that there is a large potential for projects building on Telos to utilize AirSwap protocols. For example, AirSwap OTC would be useful for both Games Studios partnered with GameStop & players using PlayR to conduct on-chain transactions with each other on Telos.

AirSwap’s unique OTC protocols would be valuable to these projects, and we should deploy our contracts quickly there to take advantage of it. We will also continue to actively reach out to projects on the Telos network that might be interested in integrating AirSwap OTC protocols.

Copyright

All proposals are public domain via CC0.