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