What is MovEX Exchange? MovEX Exchange is a decentralized exchange developed using the Move programming language and is an indispensable piece of the Sui ecosystem. MovEX uses both a centralized liquidity model (CLMM) and an order book (Order Book) to offer the best trading prices for both buyers and sellers.
MovEX is a project invested and supported by Mysten Labs, the Sui Network development fund. So what is MovEX Exchange? What is its difference? Let’s find out in this article!
What is MovEX Exchange?
Overview of MovEX Exchange
MovEX Exchange is a decentralized exchange developed using the Move programming language and is an indispensable piece of the Sui ecosystem. MovEX uses both a centralized liquidity model (CLMM) and an order book (Order Book) to offer the best trading prices for both buyers and sellers.
MovEX combines the best of AMM and Order Book and brings the ultimate trading and liquidity provisioning experience to everyone by creating a combined liquidity pool. Internally, MovEX has a settlement engine that distributes orders between the AMM and Order Book, ensuring both minimal slippage for traders and fairness for liquidity providers.
Professional traders and liquidity providers enjoy signature advanced features Powered by Order Book. Furthermore, traders can also earn commissions if their Limit orders are filled. This is because limit orders are considered makers and can receive the same commission as liquidity providers, similar to centralized exchanges.
Mechanism of action
Hybrid Liquidity DEX
Hybrid Liquidity DEX can be understood as mixed liquidity on Dex, this mixture is using both AMM and Order Book. MovEX is the first project to introduce this concept and design. Products inside Hybrid Liquidity DEX include:
- Order Types: In addition to the market orders supported in traditional AMM-based DEXs, MovEX also supports advanced orders, including limit orders, stop loss orders, and take profit orders.
- Order Book: TTake advantage of an online order book that allows users to submit limit orders on MovEX. By submitting a limit order, users essentially act as liquidity providers, and they will earn trading fee rewards when their orders are filled.
- Concentrated Liquidity AMM:
The AMM part of MovEX is implemented through a centralized liquidity model. Centralized liquidity AMM allocates liquidity within custom price ranges. With centralized liquidity AMM, LPs can customize their liquidity within a range, traders are provided with deeper liquidity within this range and LPs will earn more trading fees. - Settlement Engine: Project Leverage a settlement engine to settle market orders. Consider the following example, the tick size of the order book is 0.1 and the spot price of the token is 100. When the market order arrives, it will first consume AMM liquidity between 100 and 100.1, It will then consume the liquid order book at 100.1. It will then continue to consume AMM liquidity between 100.1 and 100.2 and then order book liquidity at 100.2 until the market order is fully filled.
ILO
ILO stands for Initial Liquidity Offer.. MovEX ILO service is the solution allows project builders to choose the time period, price range, and auction algorithm for initial token sales to maximize fundraising returns. The collected stable coins will then be automatically paired with the project’s tokens to form a liquidity pool after the token sale.
MovEX’s smart liquidity management service then controls and automatically manages the liquidity pool for project owners. The liquidity management engine runs an internal optimizer, which generates mathematically proven optimal liquidity allocation according to a specific utility function and automatically adjusts liquidity to users accordingly. decentralized.
MovEX provides options for ILO projects on the platform as follows:
- Duration: This is the duration of the token sale event, such as 72 hours.
- Price range: This is the price range for the token sale event, such as ($0.1, $0.5). If the left and right limits are the same, then the token sale price is fixed.
- Advanced Token Sale Toolkit: Advanced Token Sale Toolkit provides auction algorithms for project owners such as Dutch auctionBuket auction, liquidity launch pool (LBP) to further increase fundraising returns and distribute tokens fairly.
Intelligent Liquidity Management
The liquidity manager requires LPs to predict future prices, withdraw their liquidity, estimate the optimal allocation, and reinject liquidity at that time. This requires infrastructure or tools to rebalance their liquidity as token prices fluctuate, Extensive statistical knowledge to predict price distribution and optimal token allocation strategy.
Development Roadmap
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Core Team
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Investors
May 4, 2023: Strategic round, MovEX received investment from Mysten Labs, the fund to build and develop Sui Blockchain as well as the Sui ecosystem.
Tokenomics
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Exchanges
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Information Channel of MovEX Exchange
- Website: https://www.movex.exchange/
- Twitter: https://twitter.com/joinMovEX
- Medium:
Summary
MovEX Exchange is one of the first Dexes to combine AMM and Order Book, which in theory will bring a good experience to parties involved in using the project. But to be effective in practice, the project needs to have deep liquidity and an Order Book with good liquidity to be able to meet user needs.
So I have clarified what MovEX Change is? MovEX Exchange cryptocurrency overview. Hope this article provides you with a lot of useful information!
