Taker

Takers initiate trades by submitting swap intentions and co-signing final PSBTs. This role encompasses all users seeking to execute trades within the protocol ecosystem.

Trading Process

Intent to Settlement Workflow:

Stage
User Action
System Response

Intent Submission

Specify trading parameters including assets, amounts, and slippage tolerance

Validation and optimal routing calculation by Nexus Composer

Quote Review

Evaluate proposed execution including price impact and total costs

Real-time breakdown showing routing across liquidity sources

PSBT Verification

Review final transaction details and confirm acceptable terms

Complete transaction preview with all inputs, outputs, and fees

Settlement Approval

Provide final signature authorizing transaction execution

Broadcast to Bitcoin network and confirmation monitoring

User Experience Features

Risk Management Tools:

  • Slippage Protection: Configurable tolerance levels with embedded transaction safeguards

  • Fee Transparency: Complete cost breakdown including network fees and protocol charges

  • Execution Preview: Detailed transaction analysis before commitment

  • Deadline Controls: Time-based expiration preventing stale execution

Interface Options:

  • Web Application: Full-featured trading interface accessible via standard browsers

  • Mobile Optimization: Responsive design supporting mobile wallet integration

  • API Access: Programmatic trading capabilities for advanced users and integrations

  • Wallet Integration: Direct support for major Bitcoin wallets and hardware devices

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