Key terms and concepts behind preference-based trade coordination, blockchain settlement, and marketplace infrastructure.
Trade CoordinationThe process of helping collectors trade from what they own into what they want without forcing every exchange through cash. SWAPS evaluates marketplace supply and collector demand, then surfaces available trades that ordinary listings miss.Trade AvailabilityA SWAPS-checked opportunity where a collector can approve a clear give/get trade from their own perspective. Availability is based on current inventory, wants, approvals, and settlement readiness.Live Market StateThe current view of inventory, wants, approvals, and completed trades inside a marketplace. SWAPS keeps this state fresh as collectors act, so the widget can keep showing relevant opportunities.Atomic SettlementA settlement model where a blockchain trade completes only if every required transfer succeeds. If anything fails, the transaction reverts and assets remain with their owners.Delegate ModelA custody approach where assets remain in the owner's wallet until settlement. Rather than transferring assets into escrow, the owner signs a scoped approval or delegation for the offered asset before SWAPS can settle the selected give/get trade.Double Coincidence of WantsAn economic constraint requiring that two trading parties each possess exactly what the other desires at the same time. This limitation makes direct exchange of unique assets unlikely, which is why so much collectible inventory stays stuck in listings.Trade DiscoveryThe process of finding available trades that a traditional order book or listing marketplace cannot surface. SWAPS lets collectors see what they can get using the cards they already own.Onchain SettlementBlockchain-based execution of approved trades. Current mounted V2 accept paths support Ethereum ERC-721 and Solana NFTs, with pNFT and Core support gated by deployment settings and live compatibility checks. The entire trade settles atomically, so either every transfer succeeds or the trade does not complete.Shadow DOMA web standard that provides encapsulated isolation for embedded components. SWAPS uses Shadow DOM to ensure the embeddable trade widget renders consistently inside any host application, preventing style conflicts between the widget and the marketplace's existing CSS.Trade FlexibilityThe ability to trade based on collector preference rather than strict dollar-for-dollar matching. A collector can decide how open they are to different opportunities, and SWAPS can show more or fewer available trades accordingly.