How much efforts do I need to develop a new swap tool?

justyy (82)in #crypto • 13 hours ago

Efforts Required for Developing a New Swap Tool

Having developed six swap tools in the past, I can reuse significant portions of existing code to create a new steem2x or x2steem tool. Here's an outline of the steps required:

For steem2x (where x is the new coin; x2steem follows a similar process):

Create Hot Wallet for Coin X:
- Download the wallet tool for coin x.
- Create a new hot wallet specifically for swaps.
- Top up the wallet with some initial funds to cover gas fees and transactions.
Database Setup: Create a new table to store swap records for coin x.
Gas Fee Management: Implement a method to periodically query and store the "gas fee" for coin x in the database, as most networks require a transaction fee.
Account Registration: Register a dedicated Steem account for the steem2x swaps.
Hot Wallet Monitoring: Develop a method to query the balance of the x hot swap wallet.
Steem2x Module: Reuse existing code to build the steem2x module.
Fetch swap records from the Steem blockchain for the steem2x account and store them in the database.
SendX Module: Implement the sendx module to process swap transactions from the database and send the coin x.
Frontend Development: Create front-end pages (in English and Chinese) to display historical swap records.