Account V1
Account V1 is DotSwap’s legacy, custodial pathway for users who want rapid swaps without running channels or signing PSBTs for every trade.
Custody
Assets deposited into an MMM multi‑sig vault co‑managed by DotSwap + Safeheron.
Speed
Trades settle instantly on DotSwap’s internal ledger; on‑chain batching occurs later.
User Experience
No PSBT signing per swap; users interact via simple “Swap Now” UI.
Liquidity Source
Routes through DotSwap LP pool; Engine logic unchanged.
Fee Structure
Same 2 % default (1.6 % LP / 0.4 % DotSwap) applied internally.
Workflow
Deposit → User sends BTC / tokens to custodial address; balance credited.
Instant Swap → User chooses pair; Server updates internal ledger immediately.
Batch Settlement → DotSwap periodically aggregates internal trades into PSBTs for on‑chain finality.
Withdraw → User requests payout; DotSwap co‑signs transaction from MMM vault.
Pros & Cons
Fast UX, no PSBT friction
Custodial risk (mitigated by multi‑sig & audits)
No channel setup or per‑swap fees
Withdrawals depend on DotSwap availability
Ideal for small retail amounts
Not fully self‑sovereign
Comparison: V1 vs. V3
Feature
DotSwap V1 / Account
DotSwap V3 / Nexus
Custody Model
Deposit into multisig vault
Self-custody or pooled (MMM)
Trade Speed
Instant (off-chain ledger)
Varies (depends on UTXO)
Confirmation Required
No
Yes (for on-chain transactions)
Asset Control
Shared multisig
User or operator controlled
Account V1 serves as a convenience bridge for newcomers while the broader Nexus self‑custodial ecosystem scales.
While Account V1 provides a fast, custodial on-ramp for newcomers, it represents just one facet of DotSwap’s broader liquidity architecture. To serve everyone from casual traders to professional market makers, DotSwap offers four interoperable provisioning models.
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