Replying to Avatar Saberhagen The Nameless

So after thinking and reading about this more I think I narrowed down the problem...afaict Haveno/Retoswap, in it's current state, has more at risk from rugpulls than necessary - currently over a million USD at stake.

Sell offers are sitting there waiting to be automatically locked into a 2/3 multisig once taken (from potentially malicious admins controlling arbitrator/taker bots meaning they would have enough keys to steal)

Right now nothing is really preventing admins from sweeping the entire orderbook on the sell side.
89
894c61fd... 6mo ago

The haveno rugpull amount according to my calc is USD 2.5 millions

NOTE: the security deposits from haveno market markers are part of the pot as well

XMR/USD according to haveno.markets

$283.10

Liquidity according to haveno.markets

7,474.47 XMR

15% security deposits = Liquidity x 15/100

1121.17 XMR

rugpull amount = liquidity + 15% security deposits

rugpull amount = 7,474.47 + 1121.17 XMR

rugpull amount = 8595,64 XMR = 2,433,425.68 USD

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Discussion

ed
ede3d957... 6mo ago

Crypto transactions should not need an arbitrator. It should be atomic swaps only.

The fiat orderbook is much smaller meaning less risk. Then there should also be competing networks built into Haveno itself.

Arbitrators maybe should lock a certain amount of money as well to keep them honest. Not yet sure how to do it.