DEXter

Basics

• A Uniswap-like DEX built on Tezos.

• From the Token Economy mailing list (7-2019):  

"There isn't much yet to play with unless you're comfortable with the CLI, and there aren't many assets live on Tezos yet to start with (aside from a few STOs), but there's already a Uniswap-style on-chain DEX in the making that claims to be positioning for a wave on new projects launching on the chain in the not so distant future. Liquidity providers will be able to earn liquidity and staking rewards simultaneously, with some thoughts going into dynamically-adjusting fees and a form of governance to let them elect their baker of choice. All formally verified of course.

It seems a little counter-intuitive to build a DEX before a critical mass of tradable assets even exists, but things that take-off are rarely intuitive (or maybe @Camlcase knows something the market doesn't?), so we'll watch this space with interest."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Bugs/Hacks

• From the Tezos update (25-3-2021):

"Dexter has resumed operations after fixing a critical bug discovered by the Nomadic Labs team back in February."

Usage

Projects that use or built on it

• From Our Network (2-10-2020):

"Just two days ago the first AMM DEX Dexter launched with two pools for tzBTC (wrapped Bitcoin) and USDtz (stablecoin) tokens. The first two days saw 1,800 transactions on both pools and right now there are 40k XTZ, 13k USDtz and 5.6 tzBTC locked."

Competition

• From Our Network (2-10-2020):

"Although blockspace is still cheap on Tezos (due to lack of activity), a standard swap on Dexter costs 840k gas and there is only room for 12 such swaps per block right now. That's in contrast to ~85 Uniswap swaps per block on Ethereum. Delphi is expected to improve gas cost by 4-10x."