Jing Swap RFQ

RFQ Mechanism + End-to-End Demo Complete the Jing Swap RFQ mechanism for sBTC swaps; publish or maintain the relevant RFQ contract code in the public Jing contracts repository; demonstrate the full RFQ flow, including taker request, market maker quote, quote acceptance, escrow, fulfillment, settlement, and reclaim path; implement and document the reference price and anti-manipulation mechanism used by the RFQ contracts, including quote drift limits, benchmark freshness requirements, whitelisting, and any miner-commit or external reference price methodology used; demonstrate the two-phase RFQ timing model, including the quote/fix window and fulfillment window; provide demo materials, technical notes, and test or simulation artifacts showing the RFQ mechanism working end to end.

Mainnet RFQ Launch + Market Maker Adoption Launch the Jing Swap RFQ mechanism on Stacks mainnet; complete at least one end-to-end mainnet RFQ swap with a KYB-approved taker; support sBTC to STX RFQ swaps on mainnet; support sBTC to USDCx RFQ swaps on mainnet or provide a mainnet-ready implementation with a documented blocker if external liquidity, protocol, or reference price conditions prevent execution; onboard at least two market makers capable of quoting RFQs, including at least one market maker not affiliated with Jing, Uasu Finance Inc., Yguazu Capital LLC, or their principals, with fallback path language if independent market maker participation is delayed by external counterparty constraints; clearly disclose any affiliated or related-party market maker activity; demonstrate at least one RFQ with competing quotes from two or more market makers or submit an Endowment-approved replacement verification path; provide evidence that the market maker hedging flow can be completed through the intended CEX hedge path or another documented hedge venue path; document completed RFQs, quote data, declared pricing benchmarks, settlement transactions, taker participation, market maker participation, and failed or reclaimed RFQs; publish a final update with links to product, contracts, demo, transaction evidence, market maker participation summary, pricing benchmark comparison, and known limitations. Usage and reference price requirements: at least 3 completed mainnet RFQ swaps; at least 1 KYB-approved taker; at least 2 onboarded market makers including at least 1 independent market maker or approved replacement path; at least 1 RFQ with competing market maker quotes or approved replacement path; at least 1 documented pricing comparison against Jing v2 batch auction pricing, AMM reference pricing, or another relevant benchmark; at least 1 completed reclaim or non-fulfillment test; document reference price and anti-manipulation methodology for each supported pair and disclose any material change to methodology for Endowment approval.