Reviving EVM-based Monero Atomic Swaps

on YouTube ↗31m

" summary

Working code implements an EVM-side smart contract plus a Python CLI called Monero Swap CLI (MIT on Codeberg) and a Gnosis Chain deployment that integrates with sDAI so Monero–stablecoin markets can run; it uses per-swap 12‑word BIP39 secrets, supports Trezor/Ledger and mobile wallets, and avoids long‑running nodes. Costs for a new-address sell flow total ~1.5M gas — on Gnosis that is under a cent (1.5M gas <0.02¢) — contract limits currently test swaps to ~$0.01–$10, and on‑chain transparency and missing robust oracles remain open problems.

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" chapters (24)

1. 0:00Introduction to Monero Kon talk
2. 0:49What are atomic swaps and why they matter
3. 1:53Understanding EVM and EVM-compatible blockchains
4. 3:38State of EVM-based Monero atomic swaps
5. 4:44Problems with the previous implementation
6. 7:55Goals for reviving EVM-based Monero atomic swaps
7. 9:17Improving user experience and accessibility
8. 10:43Preventing spam and ensuring market symmetry
9. 12:10Requirements for a successful atomic swap system
10. 13:35Addressing skepticism and feasibility concerns
11. 14:19What needs to be built for the new system
12. 15:24Current progress and existing components
13. 15:46How the new Monero Swap CLI works
14. 16:52Features and security of the Monero Swap tool
15. 17:55Step-by-step process of a swap
16. 20:26Key management and swap secrets
17. 21:50Swap states and timeouts explained
18. 22:10Gas costs and affordability on Gnosis Chain
19. 24:13Privacy considerations in EVM-based swaps
20. 25:40Next steps and community involvement
21. 26:44Self-funded development and future funding
22. 27:17Q&A: Solving the oracle problem
23. 28:41Q&A: Workshop announcement
24. 29:03Q&A: Speed and latency of atomic swaps

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