Crescent Docs
  • Introduction
    • What is Crescent?
    • Crescent DEX
      • Market
      • Pool (Liquidity Pool)
      • Position
      • Order-book and Tick system
      • Hybrid DEX
      • Batch Matching
      • Sequential Matching
      • Multi-hop Swap(SlipLess Swap)
      • Ranged Liquidity
        • Comparison with Basic position
        • Liquidity Amplification Factor
        • Possibility of Change to a Single-Coin position
        • Multiple Positions in the Pool
      • Fee
      • Farming
        • Current Farming vs Legacy Farming
      • Market Maker Incentives
        • MarketMaker Apply / Incentive Claim
        • MarketMaker Scoring
    • Liquid Staking
      • Staking vs. Liquid Staking
      • Overview of Staking Rewards
      • Calculations for Staking Rewards
      • Liquid Staking Validator
    • Snowball (Liquid AMM)
      • Mint & Burn sb-Token
      • Reward Auction
        • How to Participate
    • Gas and Fees
    • Liquid Governance
    • Partnership
    • Crescent Derivatives
    • Crescent DEX (legacy)
      • Coin Pair
      • Liquidity Pool
      • Legacy Farming Rewards (LP Incentives)
      • New Farming Rewards (LP Incentives)
      • Orderbook and Tick System
      • Hybrid DEX
      • Batch Execution
      • Ranged Pools
      • Market Maker Incentives
        • MarketMaker Apply / Incentive Claim
        • MarketMaker Scoring
      • Synergy with Crescent Boost
  • Developer Guide
    • CLI and API
      • AMM module
        • CLI Reference
        • API Reference
      • Exchange module
        • CLI Reference
        • API Reference
      • LiquidStaking module
        • CLI Reference
        • API Reference
      • LiquidAmm module
        • CLI Reference
        • API Reference
  • Technical Guide
    • Market Maker
    • Farming Planner
  • Other Information
    • Network Configurations
    • Crescent Design Assets
Powered by GitBook
On this page
  1. Introduction
  2. Crescent DEX (legacy)

Coin Pair

PreviousCrescent DEX (legacy)NextLiquidity Pool

Last updated 1 year ago

In Crescent DEX, anyone can create a pair of two coins, which is an ordered pair. The ordered coin pair is unique in Crescent DEX, which means only a single pair of a given ordered coin pair is allowed. For example, Crescent DEX can have only one pair for A-B coin pair consisting of Coin A and Coin B. Crescent DEX can also have B-A coin pair, which is different from A-B coin pair.

The base coin is the first coin that appears in a coin pair quotation. Consequently, the second coin appeared in the pair is a quote coin.

Example

In the pool of bCRE-CRE, the base coin is bCRE while the quote coin is CRE. The pool price 1.133 means, the base coin 1 bCRE is traded against the quote coin CRE and exchanged for 1.133 CRE.

Base coin and quote coin of an ordered coin pair