AirSwap DAO, a builder of peer-to-peer technology for the exchange of digital assets, announced today it has launched its first complete web app: an all-new P2P DEX built entirely open-source and coordinated on the AirSwap community Discord and GitHub repositories.
As of now, users can go to airswap.io to try out the new DEX with swaps between WETH, USDT, USDC, DAI, and WBTC but keep in mind there may be minimum size requirements. All platform fees from the DEX go towards supporting contributors to the DAO.
First launching its P2P DEX in 2017, AirSwap has since transitioned into a completely open-source community while retaining its DEX focus.
“Going from startup to open-source community is a radical change: working from first principles to align incentives, establish clear processes, generate ideas, turn ideas into action, and drive product development. We believe that decentralized exchange is more than technology — it starts with who’s building it and how. As an open developer community with a mission to standardize peer-to-peer trading, AirSwap DAO is geared from end-to-end to deliver.
– The AirSwap DAO Team
After reemphasizing its DAO form, the AirSwap community established a product development process from ideation to delivery by valuing quality, transparency, inclusion, and automation, and has produced:
- 20+ community proposals implemented by 20+ community contributors
- 8 devs, 253 commits, 94 merged pull requests in the last 30 days
- $1M+ in fees automatically distributed to active community participants
- Tracking to break $1B+ volume (up 20x from 2019)
An entirely new group of contributors has completed 20+ AIPs (AirSwap Improvement Proposals) with more in the pipeline around L2s, community building, and product development.
Some key new completed proposals include:
- AST staking and decentralized governance system
- Community bounty and contributor reward system
- High-performance trading and counterparty discovery protocols
- New DEX web app built open-source from the ground up
Features of the all-new AirSwap P2P DEX
The web app is fully decentralized: the user’s web browser is communicating directly with multiple servers run by makers (professional trading firms). In some cases, traders will encounter a “gasless” swap: a swap where the maker pays the gas.
Zero Slippage and MEV Resistance
Built on atomic swaps, the new AirSwap DEX provides natural protection against counterparty risk and MEV (miner extractable value) while remaining fully non-custodial. You see the price you get without risk of price slippage or being overrun by bots.
High-Performance Trading Protocols
AirSwap technology powers peer-to-peer networks with de facto standard RFQ and Last Look protocols making it the top choice for professional trading firms entering the decentralized financial system. Those already trading on DEX can just plug in their strategies and go.
Gasless Swaps for End Users
With the new AirSwap DEX, Last Look protocol means in some cases users no longer need to pay for gas: it is handled by the maker in a maximally efficient way. See real-time quotes without connecting a wallet and see tighter spreads (better pricing) since the maker is not locked into an expiry.