DutchX: An auction-based decentralized exchange protocol

For many, Ethereum’s allure is derived from its potential to serve as a platform for experimentation in mechanism design. This experimentation manifests itself in a variety of forms, from games like PoW3D to incentive compatible credit facilities like MakerDAO to prediction market models like Augur.

[related id=1]Over the past few months we have seen particularly high degrees of experimentation in the decentralized exchange design space, with protocols like 0x and Uniswap taking diverging approaches to price discovery with respect to user functionality, liquidity provision, and censorship resistance.