DiscoverWeb3 with Sam Kamani181: Revolutionizing DeFi Trading: Nikita Ovchinnik on BarterSwap’s Intent-Based Exchange Engine
181: Revolutionizing DeFi Trading: Nikita Ovchinnik on BarterSwap’s Intent-Based Exchange Engine

181: Revolutionizing DeFi Trading: Nikita Ovchinnik on BarterSwap’s Intent-Based Exchange Engine

Update: 2024-09-26
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Description

In Episode 181 of Web3 with Sam Kamani, I chat with Nikita Ovchinnik, co-founder of BarterSwap, an intent-based exchange engine using on-chain peer-to-peer matching technology. BarterSwap has completed over 450,000 trades, totaling more than $3 billion in volume, while saving users over $1 million. Nikita shares insights into how BarterSwap’s technology is making decentralized finance (DeFi) more efficient and transparent. We also dive into the future of DeFi, the role of solvers, and the challenges of liquidity fragmentation in the market.




Key Timestamps:



  • [00:00:00 ] Introduction: Sam introduces Nikita Ovchinnik from BarterSwap and highlights the incredible transaction volume and savings their platform has generated for users.



  • [00:01:00 ] Nikita’s Journey into Web3: Nikita explains how he got involved in the world of blockchain, starting in 2017 with Ethereum and working at OneInch before founding BarterSwap.



  • [00:03:00 ] The Problem BarterSwap Solves: Nikita shares how BarterSwap addresses liquidity fragmentation and improves the user experience with its intent-based DeFi engine.



  • [00:07:00 ] Evolution of DeFi: Sam and Nikita discuss the evolution of decentralized finance since 2017, including the role of stablecoins and automated market makers (AMMs).



  • [00:11:00 ] How BarterSwap Works: Nikita explains the mechanics behind BarterSwap’s peer-to-peer intent matching system and how it saves users money by providing more efficient swaps.



  • [00:17:00 ] Challenges in DeFi: Nikita highlights some technical challenges around MEV (miner extractable value) and how BarterSwap is working to make swaps and transactions more transparent and fair.



  • [00:19:00 ] Trends in DeFi: Nikita talks about trends such as liquidity fragmentation, intent-based systems, and the rise of solvers in decentralized trading.



  • [00:23:00 ] Future of DeFi: Nikita shares his thoughts on the future of the DeFi ecosystem, including how block builders and MEV extraction are reshaping the space.



  • [00:29:00 ] Building Barter: Sam and Nikita discuss the roadmap for BarterSwap and what the team is focusing on in the next 6 to 12 months to strengthen the platform.






Connect


https://barterswap.xyz/


⁠https://www.linkedin.com/company/barterdefi/⁠


https://x.com/BarterDeFi


⁠https://www.linkedin.com/in/nikita-ovchinnik/⁠


⁠https://x.com/NovaOvchinnik⁠



Disclaimer


Nothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.
Be a guest on the podcast or contact us - https://www.web3pod.xyz/

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181: Revolutionizing DeFi Trading: Nikita Ovchinnik on BarterSwap’s Intent-Based Exchange Engine

181: Revolutionizing DeFi Trading: Nikita Ovchinnik on BarterSwap’s Intent-Based Exchange Engine

Sam Kamani