Citadel Dispatch CD194: SIDESWAP - LIQUID PREDICTION MARKETS
Mar 9, 2026
A deep dive into noncustodial atomic swaps, peg‑in/peg‑out bridging, and order books powering liquid markets. They explore privacy gains from confidential transactions and how Liquid handles USDT and Brazil’s dePix. The conversation covers building Bitcoin‑native prediction markets, Liquid Connect and Simplicity‑based binary contracts, plus integrations and roadmap items like Satoshi Dice and oracle work.
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Noncustodial Atomic Swaps With Open Order Books
- Sideswap runs non‑custodial atomic swaps on Liquid with a bulletin‑board order book so counterparties settle instantly without intermediaries.
- They pair peg‑in/peg‑out bridge (0.1% fee) with an open order book that routes instant swaps to dealers for tighter spreads (~0.2–0.3%).
Brazilian D‑Pix Drives Transaction Growth
- Transaction counts on Sideswap show D‑Pix (Brazilian stablecoin) leading in activity while USDT still dominates total value.
- D‑Pix drives user growth in Brazil even if individual trade sizes are small compared with Tether holdings.
Get Hands On With Liquid And Peg Services
- Try Liquid now by moving a small BTC amount through peg‑in/out and testing swaps to experience its UX and privacy properties.
- Sideswap and partners offer easy peg services and integrations so users don’t need to run nodes to access Liquid assets.