DEX : what features you want in it - page 3.

electronicash

legendary

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Quote from: btc_angela on September 08, 2020, 04:20:52 PM

Faster and cheaper transactions, just the basic tenants of what should a DEX should be. And course we wanted to see more coins that we can trade, perhaps margin trading could be a good addition.

margin trading can be done already on defi exchange where they add sythetic assets. the ones you are seeing where there is iBTC and sBTC which is also paired with sUSD. i think the decentralize exchanges today are also going to be in that direction too which they may add their own for the derivatives trading. its becoming sophisticated so i hope they can thoroughly test everything before deploying their protocols.

Kelvinid

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win lambo...

Quote from: btcethgold on September 06, 2020, 05:10:59 AM

Hello Friends,

If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.

There are a lot of benefits that we can get from any decentralized exchanges

*Low trading fees: however this will also matter of we want fast transactions or not (high fees=fast transaction) but still depending on the network traffic.
*Security: no third-party involve
*Easy to manage asset: we the one that fully controlled our wallet

But it comes into trading volume and pairs, DEX isn't good to that, and that is the reason why many investors will look into CEX even they are risking their wallet keys and prone to hacking.

btc_angela

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Faster and cheaper transactions, just the basic tenants of what should a DEX should be. And course we wanted to see more coins that we can trade, perhaps margin trading could be a good addition.

electronicash

legendary

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Quote from: ryzaadit on September 08, 2020, 01:30:28 PM

Quote from: Ucy on September 08, 2020, 11:37:55 AM

I think this should happen automatically as coins are reviewed and scored by users using a set of rules/standards. And they get rewarded for doing this

Lack of abuse.

The project just can be paid or doing a small airdrop task for all his community to listed their token on the exchange, so not a good option. IMO we don't need a lot feature on DEX, what we need from DEX is when we have full control of your asset comparing centralized exchange. So, as long we can fully control our asset, enough for us to use DEX when doing a trade.

for non custodial exchanges, you do have the full control of your assets. if you try using the tronlink pro wallet on your phone and try the poloni DEX, you can trade there directly with your assets still in your wallets. this is the same thing with other platforms like in EOS. you can trade on DEX such as WhaleEx or Newdex using your scatter wallet. basically they are non custodial exchanges.

what features i would like is the mining/staking to earn other tokens. some dex already have this features.

ryzaadit

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Quote from: Ucy on September 08, 2020, 11:37:55 AM

I think this should happen automatically as coins are reviewed and scored by users using a set of rules/standards. And they get rewarded for doing this

Lack of abuse.

The project just can be paid or doing a small airdrop task for all his community to listed their token on the exchange, so not a good option. IMO we don't need a lot feature on DEX, what we need from DEX is when we have full control of your asset comparing centralized exchange. So, as long we can fully control our asset, enough for us to use DEX when doing a trade.

Ucy

sr. member

Activity: 2674

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Compare rates on different exchanges & swap.

Lots of things. One of the most important is having the ability to use some sort of community governance to filter out good/standardized coins to a public section of a decentralized exchange while allowing developers to permissionlessly add any kind of coin on another section of the dex.
I think this should happen automatically as coins are reviewed and scored by users using a set of rules/standards. And they get rewarded for doing this

mk4

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Paldo.io 🤖

Not necessarily features, because I don't think features are what so called "DEX"s are missing. It's the consistency and speed is what custodial exchanges have, and non-custodial or "DEX"s are missing. I'm going to admit I haven't tried Binance's "DEX" though.

Ryan3

newbie

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Binance provides a crypto wallet for its traders, where they can store their electronic funds. Binance has its own token currency, Binance Coin.

btcethgold

jr. member

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Hello Friends,

If there is a DEX to be developed from scratch then what features will you want in it, which is not in other exchanges. How this DEX can be made work like binance.
thanks.

Topic: DEX : what features you want in it - page 3. (Read 493 times)