# 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

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 for LP, market makers, and CRE holders


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