About LrcSwap
We're making Bitcoin fun again.
Last updated
We're making Bitcoin fun again.
Last updated
LrcSwap is a platform designed to announce, issue, and swap tokens natively on Bitcoin. It uses a novel token protocol called LRC20, it supports both L1 and Lightning network.
Our goal is to provide simple and intuitive tools that make using Bitcoin fun again.
LrcSwap is fully trustless and non-custodial, relying solely on interactions with LrcWallet (a non-custodial wallet). We plan to support more token protocols and move most of the volume onto lightning, as it's instant and ultra-low-cost.
Minting assets is divided into two distinct steps: announcement and issuance. The first transaction is always an announcement, which lets other participants know about your token's metadata. LRC-20 announces metadata on-chain in a transaction.
We've added more optional details to make the token more discoverable, including an image, description, Twitter handle, and website. These are managed by us. The name, ticker, and divisibility are inscribed on-chain.
Every transaction after the announcement is an issuance transaction. These transactions enable you to create more assets, as long as you don't exceed your token's maximum amount.
Users can transfer any LRC20 token in their wallet to any P2TR address.
Swaps allow users to exchange any asset for any other asset (including BTC). This enables users to swap in and out of assets in a simple and trustless manner. This feature will be rolled out in the coming weeks.
