Self-Custodial Asset Exchange on Bitcoin Lightning
Sellers and buyers place their orders in an order book with an L2.auction instance.
The assets are transferred over the Lightning network in an atomic swap in exchange for BTC.
L2.auction is powered by Bitcoin Lightning and leverages two important features
Several L2.auction instances can connect and aggregate their order books.
L2.auction is completely non-custodial and virtually trustless. To offer speed and efficiency it requires a certain level of centralization though.
This prototype demo shows buy and sell transactions between two clients through an L2.auction instance.