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
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  1. Introduction
  2. Crescent DEX

Market

PreviousCrescent DEXNextPool (Liquidity Pool)

Last updated 1 year ago

A market on Crescent DEX is a place where two tokens, known as a trading pair, are exchanged. The base token is the first in the pair and serves as the standard for transactions, while the quote token is the second in the pair and signifies the trade's counter value. Each trading pair on Crescent DEX comes with details regarding the fees involved in trading these tokens. This fee information is not static; it can be adjusted through governance.

Every market created on Crescent DEX is exclusive and cannot be duplicated with the same base and quote tokens. However, a new market can be established with the pair's roles reversed, meaning the base and quote tokens are switched. While these two markets perform parallel functions within the exchange, certain differences exist between them. They may showcase distinct prices, conform to varying settlement norms, and adopt unique fee structures if required.

Market and Coin pair