Research Paper: Dexalot
Posted on: 2/15/2022,
2 minutes read
House of Chimera x Dexalot
Dexalot aims to revolutionize the DEX industry with a resource-efficient, user-friendly and fast CLOB DEX. The ecosystem is built on the Avalanche ecosystem, benefitting from the C-Chain technology to ensure high transaction speeds, fully EVM compliant, high TPS and low costs. Dexalot will eventually shift to their own Subnet, increasing transaction speed by at least tenfold, decreasing the time to finality, decreasing the transaction fees to negligible levels, and improving the user experience.
Privacy and security
The ecosystem has a clear focus on security, utilizes a multi-sig wallet for any maintenance tasks, uses the OpenZeppelin smart contract framework, and has been audited by Avalabs and Hacken OU. Users privacy is being honoured; Dexalot does not log any personal private information and solely uses public data to enhance its services. The public data is stored for 14 days afterwards; it is deleted.
The innovative Dexalot Discovery Mechanism will allow Dexalot Listing partners to establish a fair-market price to ensure the stability of the asset. The Dexalot Discovery counters frontrunning by bots by eliminating speed benefits. The concept aims to create a fair process for all involved participants. The market can discover a reasonable price for an asset without a significant edge for a specific set of actors.