Question 1

What is OneSwap?

Accepted Answer

OneSwap is a permissionless automated market maker (AMM) decentralized exchange (DEX) on Canton Network. It allows anyone to swap tokens, provide liquidity, and earn trading fees without KYC, gatekeepers, or intermediaries. OneSwap is built and operated by Sats Terminal, a Bitcoin DeFi platform backed by Coinbase Ventures and Draper Associates.

Question 2

What is Canton Network?

Accepted Answer

Canton Network is a layer 1 blockchain with configurable privacy and institutional-grade infrastructure, designed for real-world asset tokenization and financial applications. It is backed by institutions including DTCC, JPMorgan, Broadridge, Euroclear, and Tradeweb. Canton Coin (CC) is its native utility token — uniquely, there was no pre-mine, pre-sale, or VC allocation. Every CC in supply was earned through network participation.

Question 3

How is OneSwap different from other DEXs on Canton?

Accepted Answer

Canton has a few exchanges but OneSwap is Canton’s most accessible DEX — built for everyone, not just institutions. It combines permissionless access with an SDK that lets wallets and dApps integrate swap functionality directly, a validator node for infrastructure-grade reliability, and a community-first brand that makes Canton DeFi approachable.

Question 4

Is OneSwap live? Can I use it right now?

Accepted Answer

Yes. OneSwap is live at oneswap.cc. You can connect your Canton wallet, swap tokens, and provide liquidity right now.

Question 5

Who is behind OneSwap?

Accepted Answer

OneSwap is built by Sats Terminal, an everything-Bitcoin platform backed by Coinbase Ventures and Draper Associates. Sats Terminal also operates its own validator node on Canton Network, making OneSwap an infrastructure-backed exchange — not just another app on the chain.

Question 6

How do I swap tokens on OneSwap?

Accepted Answer

Swapping on OneSwap is a simple four-step process: (1) Go to oneswap.cc and connect your Canton-compatible wallet. (2) Select the tokens you want to swap and enter the amount. (3) Review the price quote and set your slippage tolerance. (4) Confirm — OneSwap detects your deposit and executes the swap automatically. Output tokens are sent back to the wallet party that sent the input.

Question 7

What tokens can I swap on OneSwap?

Accepted Answer

OneSwap supports swaps between CC (Canton Coin), USDCx (a USDC-backed stablecoin via Circle’s xReserve protocol), cBTC (wrapped Bitcoin on Canton via BitSafe), and other CIP-56 tokens on Canton Network. More trading pairs are added over time — follow @OneSwapCC on X for announcements.

Question 8

What is OneSwap’s intent-based swap architecture?

Accepted Answer

Instead of constructing complex on-ledger transactions, OneSwap uses an intent system. You tell OneSwap what you want (e.g., swap 100 CC for USDCx), and the protocol handles the routing, pool selection, and execution automatically. Intents expire if not fulfilled — if a swap cannot execute, your tokens are returned to the originating wallet.

Question 9

What is slippage tolerance and how should I set it?

Accepted Answer

Slippage tolerance is the maximum price difference you are willing to accept between the quoted price and the execution price. Markets can move between when you request a swap and when it executes. A typical setting is 0.5%–1% for most trades. Higher tolerance means your swap is more likely to execute but at a potentially worse price. Lower tolerance protects price but may fail if the market moves.

Question 10

What wallets are supported?

Accepted Answer

OneSwap works with Canton Network-compatible wallets. Connect your wallet directly at oneswap.cc to start swapping. Visit docs.oneswap.cc/guides/wallets for supported wallet options and setup steps.

Question 11

How do I provide liquidity on OneSwap?

Accepted Answer

To provide liquidity, deposit a pair of tokens into a OneSwap pool from your connected wallet. Both tokens go directly to the pool address. Once deposited, you start earning a proportional share of every swap fee generated by that pool. Visit oneswap.cc/pools to see available pools.

Question 12

How do I earn fees as a liquidity provider?

Accepted Answer

Every swap on OneSwap generates a 2% fee. Of that, 80% (1.6% of the swap amount) goes directly to liquidity providers, distributed proportionally by pool share. Fees accumulate automatically and are reflected in the growing value of your LP position — no claiming or harvesting required. When you withdraw, you receive more than you deposited, representing your earned fees.

Question 13

What is impermanent loss?

Accepted Answer

Impermanent loss happens when the price ratio of the tokens in your liquidity pool changes relative to when you deposited. The larger the price divergence, the greater the potential loss compared to simply holding the tokens. Trading fees earned can offset this. Impermanent loss is inherent to constant-product AMMs and not unique to OneSwap. We recommend understanding this risk before providing liquidity.

Question 14

How are my LP positions tracked?

Accepted Answer

Your LP positions are tracked by OneSwap in its database, linked to your Canton party ID. You can view your active positions and accumulated fees through the OneSwap interface at oneswap.cc. Withdrawals are processed through a locked settlement flow managed by OneSwap.

Question 15

Is OneSwap safe to use?

Accepted Answer

OneSwap uses direct-party settlement: swaps send input directly to the pool, and output is returned to the sender party. There is no custodial wallet layer — OneSwap does not hold your funds. OneSwap is built by Sats Terminal, backed by Coinbase Ventures and Draper Associates, and operates its own validator node on Canton for infrastructure-grade reliability. Canton Network uses a two-tier consensus mechanism and configurable privacy.

Question 16

Does OneSwap require KYC?

Accepted Answer

No. OneSwap is a permissionless DEX. You can swap tokens and provide liquidity by connecting a Canton-compatible wallet — no KYC, no account creation, no personal data required.

Question 17

What happens if my swap fails or an intent expires?

Accepted Answer

When you initiate a swap, your tokens are sent to OneSwap’s pool address. If the swap cannot execute — due to expiry or a failed condition — your tokens are returned to the originating wallet. You will not be left in a permanently pending state.

Question 18

What is Canton Coin (CC)?

Accepted Answer

Canton Coin is the native utility token of Canton Network. It is used to pay transaction fees and reward network participants. CC is unique because there was no pre-mine, pre-sale, or VC allocation — every CC in circulation was earned by contributing utility to the network. CC is one of the primary tokens available for swapping on OneSwap.

Question 19

What is USDCx?

Accepted Answer

USDCx is a USDC-backed stablecoin on Canton Network, minted through Circle’s xReserve protocol. Canton was the first public L1 to integrate with xReserve. USDCx maintains a 1:1 peg with USDC and follows the CIP-56 token standard for composability across Canton applications. You can swap CC to USDCx on OneSwap.

Question 20

What is cBTC?

Accepted Answer

cBTC is wrapped Bitcoin on Canton Network, issued by BitSafe and backed 1:1 by native Bitcoin. It uses Chainlink Proof of Reserve for on-chain verification and Chainlink Data Streams for real-time pricing. cBTC enables Bitcoin holders to access trading, lending, and margin workflows on Canton. You can swap CC to cBTC on OneSwap.

Question 21

What is the OneSwap Diamonds program?

Accepted Answer

OneSwap Diamonds is OneSwap’s points program. Diamonds are earned through platform activity — swapping, referrals, and community participation. The program is designed to recognize early and active users. More details will be shared as we progress.

Question 22

What is the Founding Swapper badge?

Accepted Answer

The Founding Swapper badge is a personalized, shareable image you receive after completing your first successful swap on OneSwap during the launch period. It includes your private nametag, your unique number (e.g., Founding Swapper #42), and a timestamp. It is a recognition of being among the first users of OneSwap on Canton.

Question 23

How do I get my Founding Swapper badge?

Accepted Answer

Be among the first 500 to make your first successful swap on OneSwap at oneswap.cc. After the swap completes, you will receive your personalized badge with a one-click option to share it on X/Twitter.

Question 24

Will Founding Swappers get future benefits?

Accepted Answer

Early supporters are important to us. While we cannot make specific promises, the OneSwap Diamonds program and future incentive programs are designed to recognize early and active participants. Being a Founding Swapper puts you at the front of the line.

Question 25

My swap is taking longer than expected. What should I do?

Accepted Answer

OneSwap uses deposit monitors that detect your token transfer and execute the swap automatically. Most swaps complete within seconds. If delayed: (1) Check that your wallet transaction was confirmed on Canton. (2) Verify you have sufficient balance for the swap amount plus fees. (3) Check the OneSwap Telegram for any known issues: https://t.me/+fDnCisy641wyNzJi. If the intent expires, your tokens will be returned to the wallet they were sent from.

Question 26

I cannot connect my wallet. What should I do?

Accepted Answer

Ensure you are using a Canton Network-compatible wallet set to the correct network. Try refreshing the page and reconnecting. If the issue persists, visit docs.oneswap.cc/guides/wallets for supported wallets and configuration steps, or reach out in the OneSwap Telegram support channel: https://t.me/+fDnCisy641wyNzJi.

Question 27

Where can I get help or report a bug?

Accepted Answer

Join the OneSwap Telegram for real-time support from the community and team: https://t.me/+fDnCisy641wyNzJi. Check documentation at docs.oneswap.cc for guides and troubleshooting. For bug reports, use the dedicated Telegram chat. You can also reach the team on X at @OneSwapCC.

Question 28

How do I stay updated on OneSwap?

Accepted Answer

Follow @OneSwapCC on X/Twitter for announcements, updates, and community content. Join the Telegram for real-time discussions, support, and early access to campaigns: https://t.me/+fDnCisy641wyNzJi. Visit oneswap.cc and docs.oneswap.cc for the latest product information.

Question 29

What is on the OneSwap roadmap?

Accepted Answer

After launch, OneSwap is focused on expanding trading pairs, rolling out LP incentive programs, launching the OneSwap Diamonds program, building ecosystem partnerships and integrations, publishing educational content to make Canton DeFi accessible, releasing the OneSwap SDK for wallet and dApp developers, and scaling to 10,000+ active wallets. This is day one — we are building for the long term.

Question 30

What is the OneSwap SDK?

Accepted Answer

The OneSwap SDK allows wallet providers and decentralized application developers to integrate OneSwap’s swap functionality directly into their products. This means users can swap tokens without ever leaving their wallet or dApp. SDK integrations also earn 0.2% of every swap routed through the integration. The SDK positions OneSwap as DeFi infrastructure for the entire Canton ecosystem — not just a standalone exchange.

Frequently
Asked Questions

General: About OneSwap

How It Works: Swapping on OneSwap

Liquidity & Earning: Providing Liquidity on OneSwap

Security & Trust

Tokens & Ecosystem

Founding Swapper Campaign

Troubleshooting & Support

Community & Roadmap

FrequentlyAsked Questions