Dex223, a new decentralized exchange: we are accepting feature requests

DEX223

We are building a decentralized exchange for ERC-20 and ERC-223 tokens. If you ever wanted to tell an exchange development team what you want from their exchange - it's your chance. We are accepting feature requests and we are open for any ideas.

Current exchange structure

The exchange will be based on smart-contracts and deployed on L1 and L2 chains.

It is planned to implement lending/borrowing of assets which allows for flexible margin trading. The implementation of a liquidation engine is not possible with smart-contracts so this part will be delegated to lenders and a system of incentivization. Liquidation will be a function of time and "expected balance".

ERC-223 token support will allow trading without approvals and increase gas efficiency approximately by 15%.

Transparent auto-listing. Exchange listings are the most difficult part of any project development. Even though the existing exchanges such as Uniswap are decentralized to some degree, listing on the UI is still a cumbersome process. We are planning to automate the listing process and make it as transparent as possible by introducing a "listing contract". Every token creator will be allowed to list the token by simply depositing a listing fee to the autolisting-contract and the token will appear at the UI in few minutes. Tokens will be divided into categories and the higher the listing fee the more visibility in the UI a token can get.

No KYC, no restrictions.