Overview
OasisSwap is a privacy-minded, non-custodial DEX running on the Oasis Network and Arbitrum. It charges zero fees beyond gas, supports limit orders, runs fully on-chain, and offers governance - but liquidity is almost non-existent.
First Glance
OasisSwap is not your everyday DEX. It lives on the Oasis Network and Arbitrum - privacy-first chains, light and direct. There are no fees beyond gas - the platform does not skim anything. Trades happen straight from your wallet to contract, no middleman.
Volume? Practically zero. You can go days and see just a handful of trades. It is quiet. But it is open, audited, and runs as DAO-controlled code.
What It Does
OasisSwap solves one thing - pure swaps with privacy and a bit of control:
- Non-custodial trades directly on-chain.
- No trading or withdrawal fees - just gas.
- Supports limit orders within the AMM model.
- Built-in governance with token holders having a say.
- Open-source, audited, no drama.
It is not bloated with farming or yield ops. Just clean, permissionless trading.
Pros and Cons
| Pros | Cons |
|---|---|
| Privacy-first and lean | Liquidity is microscopic |
| Zero fees besides gas | Slippage kills anything above micro-trades |
| Limit orders on AMM protocol | UI feels basic and sparse |
| Audited code and community governance | No fiat, no fiat onboarding whatsoever |
| Runs fully on-chain | Best for technical user, not newbies |
Why Privacy Matters
OasisSwap puts your data first. No middleman tracking. No custody risk. Trades executed via smart contracts, sealed by privacy protocols. It is made for people who value their on-chain anonymity. You only pay the chain fees - clean, uncluttered. Basic, but powerful.
Limit Orders Without Oracles
Most DEXs just let you swap now. OasisSwap gives you limit orders - like saying sell if price hits X. You do not need a middleman. It is still an AMM under the hood, but with execution control baked in. Good for traders who want precision, without leaving the DeFi lane.
Governance and Trust
Token holders steer the ship. Governance controls updates and incentives. Code is audited. No hacks so far. The setup feels cautious and technical. Not ramped for hype - built for longevity and trust.
Liquidity - or the Lack Thereof
Here is the catch. Liquidity is minuscule. Daily trades can be under a dozen. Volume is single digits in dollars. You try a trade and slip more than you meant. It is fair for tiny trades, not for anything serious.
Right now, it is a skeleton. Useful for experiments, not real action.
UX and Tools
Interface is barebones. Swap box, limit order box, connect wallet. That is it. No guides, no on-ramp, no fiat. You need to know your way around wallets. If you are new to DeFi, you will feel lost. But for builders or privacy-focused users, it is just functional.
Who Makes Sense Here
Ideal for:
- Privacy-first DeFi users trading with tiny amounts.
- Traders needing swaps with limit control.
- Developers testing AMM features or privacy tools.
- Communities valuing on-chain access and no custody.
Not for:
- Volume traders or high roll swaps.
- New users needing onboarding, help, tutorials.
- People hoping for yield or farming incentives.
- Anyone needing fiat or beginner-focused UX.
What Lies Ahead
This platform is in incubation. If liquidity grows, if a niche community forms, if early builders show up - OasisSwap could become the go-to privacy DEX on Arbitrum and Oasis. Right now, it is infrastructure waiting for traffic.
Final Thoughts
OasisSwap is not glamorous. It is quiet, private, and free - only gas fees. No fees beyond that, clean limit orders, community-run, audited. But right now, it feels empty. It is for micro-trades, careful experiments, early users.
If you care about privacy, on-chain limit control, and lean mechanics - give it a glance. If you need volume, guidance, or yield tools, better look elsewhere. But there is a niche here - subtle, technical, and steadily alive.