Combining both CLMM and order book styles into a DEX that operates across both the Ergo and Cardano blockchains.
ErgoDEX operates on a Concentrated Liquidity Market Maker, CLMM, algorithm allowing liquidity providers, LPs, to select a range in which their liquidity will be available, thus reducing their personal slippage risk.
Orders are executed off-chain by “Off-chain executors” and for the sake of efficiency orders are broken into two stages: Order creation and execution. Once an order is submitted it is executed off-chain by bots. Transactions are validated by an on-chain validation script.
The Ecosystem “Agents”
There are 5 economic agents in the ErgoDEX system:
Earn miner fees, paid in native tokens, for processing transactions.
Provide a better UI and earn fees, paid in native token, charged for each operation done via the UI.
Earn fees for executing orders in both CLMM and orderbook environments, with fees and rewards, paid in native tokens, differing for each method of exchange.
Provide liquidity and receive protocol fees, paid in tokens, accumulated in liquidity pools.
Benefit from DEX services and pay fees on each trade.
ErgoDEX is currently live in the ERGO blockchain offering the opening of liquidity positions and AMM style swaps. Order book functionality on ERGO is next, followed by support for AMM swaps and the opening of liquidity position on the Cardano blockchain. The current roadmap will be finished with the release of order book trades on the Cardano blockchain.