DutchX: #BUIDL on the First Fully Decentralized Exchange
summary
A permissionless on‑chain exchange uses Dutch auction batches that start at twice the prior close and reach the prior price after six hours, runs one A/B auction at a time with overlapping collection for the next batch, and implements a proxy/master contract architecture that keeps all logic and balances on chain. Fees mint Magnolia token minted per 1 ETH traded which reduces fees (stepwise down to zero) and half-fees can burn OWL; tooling includes CLI and REST API plus market‑making bots, deployed on Rinkeby with a live pilot and DAO governance pending.
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chapters (24)
- 0:00Introduction
- 1:30What is an orderbookbased exchange
- 3:34Batch and Dutch auctions
- 5:04Stage before auction
- 8:17Fees
- 9:26Advantages
- 11:26What does this protocol mean
- 13:23How does it work
- 14:37Decentralization
- 15:29Current Status
- 16:29Documentation
- 16:42Questions
- 17:18Dutch Auction
- 18:17Limit Orders
- 21:18Critical Point
- 24:11business model
- 25:06volatility
- 26:17auction duration
- 26:56Expected revenue
- 28:20Angel R
- 35:16Smart Contracts
- 38:10User Cases
- 42:12CLI Demo
- 54:34React Demo
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