we solved this problem long ago
have moved almost $2B using atomic swaps without a single user being able to take advantage of a free option
Atomic swaps are beautiful in theory but have fatal flaws in practice.
The core issue: asymmetry. One party always controls execution after both sign the initial contract.
This creates a "free option problem" where the controlling party can decide based on price movements.
If Bitcoin drops, they execute. If Bitcoin rises, they walk away. The other party has no choice but to honor whatever decision is made.
This asymmetry, plus the peer-to-peer matchmaking challenges, explains why atomic swaps never gained significant adoption despite being trustless.
Our vault protocol eliminates this asymmetry entirely.
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