![]() ![]() Offers shipping today are cool, but we’re only just getting started. Offers can include multiple assets in a single offer, such as offering XCH and USDS in exchange for Spacebucks and Marmotcoin.They can free-range their offer, posting it in multiple places at once.Makers can change their minds and cancel a transaction.The Maker doesn’t have to commit or lock up their funds to a third party.Users can open a Stably Prime Trust account for free, fund it for free (or for the cost of a wire transfer), buy USDS at no fee, withdraw that USDS to a Chia wallet for $1 per withdrawal, and then make offers to trade USDS for XCH in the various ways mentioned above.įor developers, Chia views Offers as a base primitive-a building block on which the ecosystem can build interesting and novel things. The launch this week of Stably’s USDS stablecoin makes Offers and USDS potentially the most affordable fiat-to-XCH onramp. We expect an ecosystem of user-friendly systems to emerge, enabling active traders to help facilitate liquidity within the chia ecosystem. There’s also a Keybase group, called chia_offers, in which traders can make quotes and post offer files. Other venues, such as work, are in development by our vibrant third party community, and are expected to launch in the near future. Offerbin has similar functionality, in an easy to use stripped-down PasteBin style design. It presents a conventional style order book comprised of offer files. Hashgreen is a new decentralized exchange (DEX), also launching this week in Beta. Starting today, you can use offers with several third party venues we have already integrated into the Light Wallet Beta. A Taker, who wants to take the other side of the trade, opens that file in the Chia wallet and accepts the offer, after which the trade is confirmed on-chain. The Maker can post the offer file anywhere, such as on Keybase, email, or Reddit for example. A Maker uses the Chia wallet to create an offer, for example offering 1 XCH for 100 USDS, a new USD-backed stablecoin on Chia (more on that exciting news further down!). We designed Offers to be easy and usable. It doesn’t rely on a third-party smart contract either, as in Ethereum. It’s entirely self-custodied, requires no middleman or market maker, and eliminates counterparty risk. ![]() It enables decentralized, peer-to-peer trading of assets on the Chia blockchain. We’re excited to launch Chia Offers today in Chia light wallet beta. Listen to this article Say hello to Offers, DEXes, and a Stablecoin! ![]()
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