For many, Ethereum’s allure is derived from its potential to serve as a platform for experimentation in mechanism design. This experimentation manifests itself in a variety of forms, from games like PoW3D to inc...
For many, Ethereum’s allure is derived from its potential to serve as a platform for experimentation in mechanism design. This experimentation manifests itself in a variety of forms, from games like PoW3D to incentive compatible credit facilities like MakerDAO to prediction market models like Augur.
Over the past few months we have seen particularly high degrees of experimentation in the decentralized exchange design space, with protocols like 0x and Uniswap taking diverging approaches to price discovery with respect to user functionality, liquidity provision, and censorship resistance.
Front-running
Each DEX design has its own idiosyncratic trade-offs but, notably, both Uniswap and 0x structures are fundamentally exposed to front-running.
Join Genesis now and continue reading, DutchX: An auction-based decentralized exchange protocol!
source https://www.tokentalk.co/The Block/dutchx-an-auctionbased-decentralized-exchange-protocol-5cf06ac12f9352851246b557
No comments:
Post a Comment