Let's understand what are Central Limit Orderbook DEXs and their benefits with an interesting educational series with @spin_fi, #LearnwithSpin :) 
Crypto traders have been showing a lot of enthusiasm for trading on DEXs. but still, most of the trading happens on CEX.
AMM DEXes are actually not designed for trading, but rather for simple instant exchange (swaps) as they have no limit or stop orders for example.
AMM DEXes are actually not designed for trading, but rather for simple instant exchange (swaps) as they have no limit or stop orders for example.
CLOBs are quite similar to orderbook CEXes, but you have smart contracts instead of the centralized backend.
CLOBs are a perfect place for liquid markets, as they work on a simple supply and demand model.
These are also user-friendly for anyone who's hopping over from CEXes.
CLOBs are a perfect place for liquid markets, as they work on a simple supply and demand model.
These are also user-friendly for anyone who's hopping over from CEXes.
Order books rely on market makers to provide liquidity by placing a list of limit orders on both Buy/Sell sides. they receive a net positive fee rebate to incentivize liquidity.
Orderbook DEXs are also optimal for large trades as there's less slippage and lower fees than AMMs.
Orderbook DEXs are also optimal for large trades as there's less slippage and lower fees than AMMs.
Now let's take a look at what @spin_fi's amazing team has been building in the $NEAR Eco.
- Spin is the first Orderbook DEX on NEAR.
- Low fees & spread across order book.
- Multiple Trading Pairs, Swap Feature.
- Perpetual contracts in a few days & much more...
- Spin is the first Orderbook DEX on NEAR.
- Low fees & spread across order book.
- Multiple Trading Pairs, Swap Feature.
- Perpetual contracts in a few days & much more...
Spin utilizes single asset pools, wherefrom the liquidity proceeds to the Order Book for further execution of trades with its inherent security, speed, and reliable price discovery algorithms.
Spin also becomes first DEX on NEAR to implement private Sharding by @CalimeroNetwork.
Spin also becomes first DEX on NEAR to implement private Sharding by @CalimeroNetwork.
https://twitter.com/spin_fi/status/1565359714925531139
This is a great move by Spin team and has massive benefits further with NEAR's Sharding.
Also, there's an ongoing Perps Beta Mainnet on Spin with up to $5k in rewards. checkout the thread below for more info.
Also, there's an ongoing Perps Beta Mainnet on Spin with up to $5k in rewards. checkout the thread below for more info.
https://twitter.com/sanket_naikwadi/status/1564551312947105793
I hope you've found this thread helpful.
Follow me @sanket_naikwadi & @spin_fi for more content with the #LearnwithSpin Series ahead.
Like/Retweet the first tweet below.
Follow me @sanket_naikwadi & @spin_fi for more content with the #LearnwithSpin Series ahead.
Like/Retweet the first tweet below.
https://twitter.com/sanket_naikwadi/status/1565714931818778624
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