What is Aori Protocol? Aori Protocol is the most potential project in the DEX segment. It solves the problem of order matching speed, anti-slippage, anti-MEV and limits transaction fees. Aori is a DEX that provides a user experience like a CEX. This is the ability to combine the advantages of CEX and DEX to create the most optimal product. So what is Aori Protocol? What makes it stand out? Let’s find out details in this article!
To better understand Aori Protocol, people can refer to some of the articles below:
- What is Uniswap (UNI)? Uniswap Cryptocurrency Overview
- What is Trader Joe’s (JOE)? Trader Joe’s Cryptocurrency Overview
- What is Shell Protocol? Shell Protocol Cryptocurrency Overview
Overview of Aori Protocol
What is Aori Protocol?
Aori Protocol is a DEX protocol that uses the latest Order technology in Blockchain to provide a user experience similar to current CEXs. Aori Protocol allows multiple networks to interact with a single Orderbook when trading the same asset. Currently supported chains are Ethereum, Arbitrum, Avavlanche C-chain, Polygon, BNB Chain, Optimism.
Aori Protocol’s order book is built based on Seaport Protocol’s smart contract. Seaport’s smart contracts allow for limit orders and no Maker fees. The fee will be charged once for 2 matched trades and paid by the trader.
Aori uses off-chain signatures as proof to make transactions. Orders and matching APIs both operate off-chain, allowing millions of transactions to be processed in just 1 second. In addition, the Orderbook developed by Aori Protocol can prevent MEV, Impermanent Loss, and price slippage.
Aori Protocol’s order book is applied to trade Spot, Option, Perp for all supported asset types such as Token, NFT,… In addition, Aori Protocol can also support payments or OTC transactions. with peer-to-peer order matching mechanism.
Aori Protocol products
The project has two outstanding products: Option trading via order book and Spot trading. Option trading is in Testnet and soon Beta, and when the Option product launch is completed, Aori will launch Spot trading for large-cap assets.
Aori Seats
Aori Seats are composable NFTs that give holders access to the protocol with additional benefits. All users must transact through a seat (Aori Seats), whether they own that seat or not. If they do not own the seat, then they must pay transaction and mint fees according to governance, and the seat owner will receive a portion of the transaction fee.
The difference of Aori Protocol
- Order matching speed is very fast, can process millions of transactions in 1 second.
- Place limit orders and cancel orders with no fees.
- Interface and user experience like CEX.
- Supports many products such as Spot, Perp, Option, OTC.
- Common order book for one asset across multiple chains, helping to centralize liquidity and interact easily.
Development Roadmap
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Core Team
Marc Orenstein: Chief Financial Officer
- In 1990, Marc Orenstein successfully obtained a bachelor’s degree in Economics from Boston University. After that, he continued to successfully earn an MBA (Master of Business Administration) at Hofstra University.
- After graduating, he started working for many financial trading companies such as: Equities Trader at JP Morgan Securities, Hedge Fund Trader at Davis Strategic, Proprietary Equity Trader at Agile Trading Group.
- Next, Marc Orenstein was appointed director of investment, sales, and finance for the following companies: Clothing Arts, Observa Capital Advisors, Blockweather Holdings, System 9, dAMM Finance.
- Currently, Marc is Chief Financial Officer (financial director) at Aori.
Joshua Baker: CEO
- Joshua Baker graduated with a bachelor’s degree in Business Administration from the University of Mississippi.
- In 2017, while still a student, Joshua joined the founding of Verd Corporation and he also held the position of chief strategy officer here.
- After graduating, Joshua Baker moved to work as Head Of Business Development for System9 and after 6 months of hard work, he was promoted to CEO.
- Currently, Josshua is a Contributor at Hacker Noon and Chief Executive Officer at Aori.
Adam Macomb: COO
- Adam Macomb has spent nearly 9 years working at Global Contacts as Account Manager.
- After leaving Global Contracts, he moved to work as Head Of Client Management at System 9. But after less than a year of working here, he left.
- In 2022, he worked as COO at dAMM Finance for more than 1 year.
- Currently, Adam Macomb is Aori’s Chief Operating Officer.
Investors
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Tokenomics
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Aori Protocol’s Information Channel
- Website: https://www.aori.io/
- Twitter: https://twitter.com/aori_io
- Discord:
Summary
DeFi is still having major problems with bringing Orderbook technology from CEX to Crypto. But with Seaport and Aori’s technology, Orderbook may revive and grow strongly in the near future. With its outstanding advantages, Aori will become a DEX that attracts many creators and traders, meeting the infrastructure for the Mass Adoption market.
So I have clarified what Aori Protocol is? Overview of Aori Protocol cryptocurrency. Hope this article brings useful information and knowledge!