Standard Exchange

This is an fully decentralized orderbook exchange, extending from OTC DEX. The matching engine on greedy algorithm makes people can trade digital assets at the minimum price with maximum amount.

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Inspiration

Why can't people trade crypto with their desired price with desired amount? why does 100k USD required in liquidity in swap to swap 10k worth of coins? Why would people have to deposit liquidity again and again in new chain and sit with it even it gets rekt by sandwich bots? These problems are now gone with orderbook exchange.

What it does

It makes you sell coins at desired price with desired amount

How we built it

I applied greedy algorithm to organize position once order is made, so that every trade can be matched with minimum price with maximum amount.

Challenges we ran into

Orderbook sometimes used to be stuck due to data structure built with linked lists, but it is fixed.

Dust orders from quantized calculation made orderbook dirty, but it is fixed.

Accomplishments that we're proud of

We made the first decentralized orderbook dex which each order can measured with quality. We are the first crypto/blockchain project which finally uses basics of computer science instead of jargons made by tech cult priests.

What we learned

We learned making orderbook with greedy algorithm is only possible with blockchains being a shared ledger with permissionless public access. Tradfi was not able to achieve the best trades due to fragmented data with permissioned private access. https://docs.standardweb3.com/standard/apps/master/what-is-standard-exchange/design/knapsack-problem

What's next for Standard Exchange

With this decentralized market, anything can be derived. Futures, internet money, money market will be built on top of this. The market built by exchange will enable leverage trading asset, liquidating collateral in the market, and build decentralized credit, all done transparently with true power of blockchain technology.

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