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TeleSwap
TeleSwap facilitates seamless bridging of BTC and Runes across blockchains using trustless light-client technology.
Distributed
Description
TeleSwap facilitates trustless bridging of BTC and Runes across multiple blockchains including EVM chains and TON. The protocol operates through light-client verification technology that validates Bitcoin transactions directly on target chains without relying on centralized intermediaries. Users can exchange Bitcoin assets with ERC-20 tokens and Jettons while maintaining self-custody. The system employs economically incentivized nodes with collateral slashing mechanisms to ensure protocol compliance. TeleSwap claims to process cross-chain settlements in under 2 minutes with reduced fees compared to centralized exchanges.Grant Funding
VC Funding
None
2023
2024
$0
$9.6M