# CD194: SIDESWAP - LIQUID PREDICTION MARKETS

Page: https://stenobird.com/podcast/citadel-dispatch-1365851/cd194-sideswap-liquid-prediction-markets
Text version: https://stenobird.com/podcast/citadel-dispatch-1365851/cd194-sideswap-liquid-prediction-markets.md
Podcast: [Citadel Dispatch](https://stenobird.com/podcast/citadel-dispatch-1365851)
Published: 2026-03-09T17:49:38+00:00
Episode link: https://serve.podhome.fm/episodepage/CitadelDispatch/cd194-sideswap--liquid-prediction-markets
Audio file: https://serve.podhome.fm/episode/8029725b-0319-44b9-4793-08dc404e83a4/639086745068447337a8e9021f-9587-4197-a1ab-820823d1e559.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/citadel-dispatch-1365851/episodes/cd194-sideswap-liquid-prediction-markets
Duration seconds: 3532

## Resource

Scott, cofounder of SideSwap, joins the show to talk about what his team has been quietly building in the Liquid ecosystem. We cover SideSwap's atomic swap markets, their peg-in/peg-out service, and how partners like Aqua Wallet are plugging into their infrastructure. Scott breaks down the new Liquid Connect feature, their first Simplicity based binary outcome contracts on Swaption, and the roadmap toward Bitcoin native prediction markets on Liquid. We also get into Liquid's privacy advantages over Tron and Ethereum for Tether users, the surprising growth of the Brazilian stablecoin dePix, the federation trust model debate, and why liquid adoption has been slow but may finally be turning a corner. Sideswap: https://sideswap.io Swaption: https://swaption.io Liquid Explorer: https://liquid.network Tether Stats: https://usdt.network Sideswap on X: https://x.com/side_swap EPISODE: 194 BLOCK: 940011 PRICE: 1452 sats per dollar (03:00) Introducing Scott and Sideswap (05:01) Non‑custodial swaps, peg‑in/peg‑out, and order books (08:08) Liquidity on Liquid: USDT vs. dePix in Brazil (10:03) Market making tools and dealer participation (11:58) Why Liquid adoption lagged and what may change (14:08) Confidential transactions, Tether on Liquid, and privacy gains (18:10) USDT on Liquid: issuance, custody patterns, and censorship resistance (21:08) Prediction markets on Liquid: vision and building blocks (24:46) Designing binary contracts and oracle models (28:54) Trust models: Liquid federation vs. alt L2s (33:29) Pragmatism in scaling: Spark, Phoenix, and layered ledgers (36:33) Liquid Wallet Connect and Swaption MVP (41:13) Ecosystem growth, integrations, and Brazil network effects (43:19) Simplicity on Liquid: why it matters for Bitcoiners (46:26) Calls to action: try swaps, order…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/citadel-dispatch-1365851/episodes/cd194-sideswap-liquid-prediction-markets/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/citadel-dispatch-1365851/cd194-sideswap-liquid-prediction-markets.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.