Can you please elaborate? Excuse my ignorance but how do DLCs fit in here? A Chaumian mint is fundamentally custodial and while it can provide all the transparency in the world, it can close shop at any time, right? A DLC contract could force hands between mint operators but not between token holders and the mint, right?
Discussion
The mint uses DLCs instead of an exchange to stabilize its balance. That way you open the door to offer this service by anyone who can participate in Bitcoin (everyone!).