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Crescent DEX
The long-term road to a decentralized, active network begins with Crescent DEX, a marketplace that embodies the foundational direction:
  • Maximization of capital-efficiency through Hybrid AMM/Orderbook methodologies via fair order matching mechanism
  • An incentive structure designed to optimize capital-efficiency and quality of liquidity
  • Prioritize security when handling exchanges of bridged assets
  • No trading fees until a reasonable, justified cause is presented
The structural design of Crescent DEX prevents:
  • Unnecessary low-latency competition
  • Front-running and validator extractable value (VEV)
  • Attack vectors that exploit LP or market makers
while encouraging:
  • Healthy order price competition among traders and orderbook market makers
  • Participation by market-makers, regardless of scale
  • Attraction of frequent traders, market makers and arbitrageurs
  • An optimized trading fee distribution plan in the future for LP, market making, and CRE staking rewards
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