Wiki
Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
Ekubo: A Concentrated Liquidity DEX on Starknet
Ekubo is a decentralized exchange built for Starknet, leveraging concentrated liquidity for efficient token swaps. It offers lower fees and better pricing by utilizing Starknet's ZK-STARKs technology.
Fluid DEX: Understanding Smart Collateral Trading
Fluid DEX introduces an innovative approach to decentralized exchange by integrating lending and trading. It utilizes "smart collateral" and "smart debt" to create highly capital-efficient liquidity pools.
DODO: Understanding the Proactive Market Maker DEX
DODO is a decentralized exchange protocol that utilizes a unique algorithm called the Proactive Market Maker (PMM) to provide efficient on-chain liquidity.
Bancor: Explaining the Single-Sided Staking AMM
Bancor is a pioneering decentralized exchange (DEX) and automated market maker (AMM) protocol that introduced single-sided staking and impermanent loss protection.
KyberSwap: Dynamic DEX Aggregator and Liquidity Protocol Explained
KyberSwap functions as a decentralized exchange aggregator and liquidity protocol, optimizing token swaps across numerous blockchains.
Trader Joe: Decentralized Exchange on Avalanche and Liquidity Book
Trader Joe is a prominent decentralized exchange built on the Avalanche blockchain, offering efficient trading and liquidity solutions.
Thales: Onchain Options and Prediction Markets Explained
Onchain options are financial contracts executed on a blockchain, giving the holder the right but not the obligation to buy or sell an asset at a set price.
Derive (Formerly Lyra): Decentralized Options Trading Explained
Derive, previously known as Lyra, is a decentralized finance protocol for on-chain options, perpetual futures, and spot trading.
Aevo: Options and Perpetuals on a DEX Explained
Aevo is a decentralized exchange offering advanced crypto derivatives like options and perpetual futures. It operates on its own Optimistic Rollup, providing efficient and transparent trading for hedging and speculation.
ApeX Pro: Understanding the Decentralized Derivatives Exchange
ApeX Pro is a specialized decentralized exchange (DEX) focused on perpetual futures contracts for cryptocurrencies and stocks.
Paradex: Perpetual Trading on Starknet Explained
Paradex is a high-performance decentralized exchange built on Starknet's first Appchain, offering perpetual futures trading. It aims to provide institutional-grade performance and deep liquidity while maintaining self-custody for users.
Lighter: A ZK-Rollup Perpetual DEX Explained
Lighter is a high-performance decentralized exchange built on Ethereum, specializing in perpetual futures trading. It leverages ZK-rollup technology to provide fast, low-fee transactions while maintaining robust security.
Phoenix: Explaining the On-chain Order Book on Solana
Phoenix represents a significant advancement in decentralized finance, offering a fully on-chain order book for perpetual futures trading directly on the Solana blockchain.
Drift Protocol: Solana's Perpetual DEX Explained
Drift Protocol is a decentralized exchange on Solana specializing in perpetual futures and spot trading. It uses a hybrid liquidity model to ensure efficient trade execution and deep liquidity.
Aerodrome vs. Velodrome: A Comparison of ve(3,3) DEXs
Velodrome and Aerodrome are leading decentralized exchanges (DEXs) built on the ve(3,3) tokenomics model, serving as critical liquidity hubs for the Optimism and Base networks respectively.
0x Swap API and Matcha: Decentralized Exchange Aggregation in Practice
The 0x Swap API and Matcha represent a sophisticated approach to decentralized exchange (DEX) aggregation, enabling users and developers to access optimal liquidity and pricing across numerous blockchain networks.
CoW Protocol and CoW Swap: Understanding Batch Auctions
CoW Protocol and CoW Swap utilize batch auctions to execute token swaps, offering enhanced MEV protection and optimized pricing.
Intent-Based Trading on Decentralized Exchanges Explained
Intent-based trading revolutionizes decentralized exchanges by allowing users to specify a desired outcome rather than a precise execution path.
Request for Quote (RFQ) Model on Decentralized Exchanges Explained
The Request for Quote (RFQ) model is a trading mechanism where a participant requests price quotes from liquidity providers for a specific trade.
Understanding Concentrated Liquidity DEXs Versus Traditional AMMs
Decentralized exchanges utilize Automated Market Makers to facilitate trading without intermediaries. This article explores the fundamental differences between traditional AMMs and the more capital-efficient concentrated liquidity models.