Quoting has been temporarily stopped by NEAR to prevent laundering of funds after a large-scale DeFi hack occurred on Rhea Finance (a Near-based Protocol).

UPDATE from NEAR: NEAR Intents itself was not affected, and no user funds were stolen or lost. Intents paused for approximately 12 additional hours while we await the complete list of blacklisted addresses and a full understanding of the flow of funds.
I'm fed up with NEAR at this point. I'm going to build better systems to support the volume through multiple providers after fiat's done.

All user funds are safe (of course).

This just proves that uSwap’s near intent swap implementation does not, and cannot KYC. They had to halt the entire protocol to prevent laundering, as it’s impossible for them to freeze individual swaps for KYC once they’ve been started - AML-flagged wallets are just simply refunded.

Updates: https://status.near-intents.org/posts/details/PM7LK6N

All stuck txs will proceed automatically when service is resumed

Edit: I'm working on developing architecture to allow for the zero-second deposit detection & multi-provider swap routing on bridges, no more stuck deposits or outages like these. It's simply unacceptable.

Other swap services are offline too - they just aren’t nearly as transparent as I am.

Service has been restored by NEAR. ✅

I built the multi-provider architecture yesterday. Will get that and fiat pushed today - so this never happens again.

One deposit address, 0% fees across 4 intents providers. Lowest spread and fastest swaps. Instant deposit detection. Fiat Deposits. All very soon.

Edit: I'll release it all tomorrow it's too much to test tonight. Worked on it all day tho, came out great. TON detection is gonna be sooo much better.

Services restored. Will send the changelog and enable the new features shortly.
I'm shipping a major update right now. uSwap API will be down for like 10-20 mins.

uSwap has been updated:
- Added support for over 100+ Jettons
- Fixed some routing inconsistencies and bugs
- Made minor UI/UX revisions

Now for the major changes (below) ➡️

Multi-provider, multi-leg routing + instant deposit detection.

TON, SOL, BTC, & EVM deposits caught the moment they hit the mempool. It's really fast. ⚡️
Every swap races 7+ providers for the best rate & spread.

One deposit address: Over 7 No-KYC/Freeze Decentralized AMMs.

100% transparency as to who is routing your funds with the new interface changes.

uSwap still makes 0$ from all Crypto swaps. ❤️

All-new Crypto → Fiat is now live.

Any asset → CashApp, PayPal, Wise, Revolut, Venmo, Chime, Zelle.
Cash out to your account directly. Cancel mid-flight & funds refunded automatically.

No more inconsistent fills. No more delays. Full control.

Sell your Crypto, 1.5% fees.

Fiat → Crypto is now live.

PayPal F&F, Venmo, Wise, Revolut, CashApp → Any asset.
Truly instant, basically zero minimums. No KYC. No accounts.

Per-order maximum is enforced temporarily.

Buy Crypto instantly, starting at 4.5% fees.

Fiat → Fiat now works too.
Wise → Revolut. Venmo → PayPal. CashApp → Zelle. Anything.

Move money across platforms in one flow.

Only at uSwap.net

Minor outage identified with PayPal, Venmo, and rarely some fiat swap refund pathways - requiring manual update to properly route when cancelled. All funds are always safe & secure end to end, and all swaps continue to process or refund automatically, just thought I’d share for transparency’s sake. 100% consistency and live per-provider status monitoring will be available on the next update so issues like these never occur again.

What’s next: XMR, Partner API (earn with uSwap), Finalized Architecture, Documentation & even more improvements coming over the next two weeks (not in that order). Already have 3 large integrator partners lined up for further distribution. If you have a large identity and want to make money, set your own fees, etc - contact me (will remain unnamed & whitelabeled)

uSwap has surpassed 1,000,000$ in total volume since launch in mid march. We have also processed over 900 intents/swaps.* Since launch, ZERO KYCs/Freezes occurred, as it’s impossible for our AMM providers to freeze funds. We earned a total of 0$ from crypto swaps, and will continue to do so.

*confidential swaps not included

This project has been in the making for an incredibly long time and I’m happy (but not surprised) to see it succeed. It’s still just the beginning. This project started as a the very first automated OGU credit bot, and I slowly grew it to an ogu-based exchange service, then a website, then uSwap. All decisions validated by real market data. 1000+ hours have went into iteration on this idea, this is the fourth uSwap version I’ve wrote over two years, just because of how many times I wanted to alter the way things worked after receiving feedback from the market. Nobody wants to create an account to swap. Rewards programs are redundant when you should pass all savings to users initially instead of complicating things. Those decisions - made far too late haha - resulted in the product you use now. Without the past iterations, without the failures, I would not have what I present to you now. Every setback is another chance to improve and grow. I cannot lose, uSwap cannot lose, it won’t come in second, it will win.

Thanks for choosing the best - most transparent swap platform on the market: uSwap.net

Tip:
Use uSwap.net/<your address> to open a bridge instantly.

All uSwap addresses are permanent and will swap wrong asset and wrong amounts at 0% fees forever.

OGU credits are now available at 0.8/1k$ on uSwap.net - Fee covered.

Fiat on-ramp is temporarily offline.
Will be back with some changes to make it easier to use.
ETA 48hrs. Off-ramp unaffected.

XMR this week.

Thorchain's 0% XMR is almost here. https://x.com/jpthor/status/2048777214821585398
As soon as the update hits Thorchain's nodes, uSwap.net will detect it and add Anything <-> XMR with zero platform fees to bridges.

—

Going to be pushing a complete executor & quote engine rewrite with self-configurable legs in preparation for uSwap Operator API - as well as verifiable refund pathways, health checks on providers, and custom API-only "Hold" legs so operators can pre-plan non-custodial multi-party approvals before proceeding, and can plan for what happens when both parties don't approve (Allows for automatic, non-custodial escrow - where both sides can pay in, and receive any asset they want - along with other use cases in our payment processor).

Pushed a fix resolving all existing executor ingress delays.

uSwap Zero will be unaffected by the outage.

Services Restored
uSwap’s Frontend will be put back online within 24hrs.

I am in the process of deploying a rewrite to the executor.

Lots of infrastructure changes I cannot release prematurely without risking delays to swaps. Existing deposit addresses still continue to work.

Every time I revisit the architecture of this product, I always consider edge cases that I wouldn’t have been aware of if it weren’t for previous iterations. Cases that - for the most part - can be resolved through structural changes rather than bolting on new systems. I feel this will be the final version. The architecture is actually bulletproof and the live test coverage across all failure points I've witnessed in prod.

My goal’s to end up having a service so reliable, so fast, and so transparent, that a “contact support” button isn’t even needed by its users.

uSwap Zero is still online: zero.uswap.net

Still zero fees.

Thank you for your patience.

XMR today tomorrow. Zero platform fees.
Lifetime deposit addresses, lowest fees anywhere. Full compatibility.

More too. Backend recode is being enabled alongside XMR.

You’ll be able to get paid for using uSwap’s offramp after the update drops. Literally negative fees for liquidity providers. 🥶

Scheduled maintenance at 10 PM EST Tomorrow.

— In other news

uNode.net - my Crypto VPS hosting company - is getting a major upgrade this week.

New infrastructure, dashboard, a reseller api, hourly billing, and a massive service expansion is on the way.

It’s inevitable that you’ll need a VPS one day.

Join t.me/uNodeHosting now, so when that day comes, you have the best provider at your fingertips.

Working hard to ship XMR + the recode.

I'm assuming it'll be done today. But I won't ship until I'm certain of 100% success rate on all pairs.

Almost 82 hours of grinding this week.

Thanks for your patience.