Uncommon Core 2.0

The most innovative DEX? - with Hasu and Felix Leupold

May 29, 2021

48:47

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Highlights

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Episode notes

Is the Proticle Taking the Risk of Transaction Failure?

04:32

What Is the Limit Price of a Token?

01:54

Is It Possible to Check the Uniform Clearing Price in the Smart Contract?

01:35

Introduction

4min

Cowswap - What's Your Position?

2min

Using a Two-Dimensional Market to Create a Ring

2min

Hosewop - Is There a Layout Approach to Transaction Management?

2min

Using Zero Stippage Tolerance Right on Your Trades

2min

Cosop Transactions

2min

Isn't This a Transaction?

2min

Is the Proticle Taking the Risk of Transaction Failure?

5min

The Overhead of the Settlement Contract

3min

10.

Can I Buy a Rapid Coin With Ust C?

2min

11.

What Is a Batched Auction?

3min

12.

What Is the Limit Price of a Token?

2min

13.

Unchain Liquidity - How to Solve a Multi Kind Optimization Problem

2min

14.

How to Insure the Exchange Rate From Bit Coin to Ether

2min

15.

Is It Possible to Check the Uniform Clearing Price in the Smart Contract?

2min

16.

Is This the Optimum Solution?

2min

17.

How Long Can I Keep My Order in the Order Book?

2min

18.

Is This Cool, but It Takes Forever?

2min

19.

How Much of the Traffic Do We Get?

2min

20.

Is There a Liquidity Mining Program?

3min

21.

Is Balancer Really Interested in Providing a Better Trading Experience?

2min

22.

Cowswap - Iagnosis Ocl

2min

Earlier this week, I did a deep dive on a new DEX trading protocol called CowSwap, which combines many good features into what is possibly the most complete trading experience in Defi. First, you no longer publish a fee-paying transaction to the public mempool. Instead, you sign a transaction and submit it off-chain to the CowSwap relayer, which handles all the execution. For you, this means you can safely set a very low slippage tolerance because you only ever pay a fee if your trade succeeds. Second, and this gets us to real innovation, CowSwap looks for so-called “coincidents of wants” or CoWs before sending your order to the regular on-chain exchanges. For example, if one trader wants to buy ETH at a certain price and another wants to sell it, these two can be matched without paying any LP fees. Off-chain solvers can look at this orderbook and submit optimal matchings that among others, guarantee that all trades in a certain batch have to settle at the same uniform price. Because there’s no point in reordering trades that have the same price, this also eliminates MEV as well. Only after all coincidents have been exhausted, CowSwap sends the rest of the order to the on-chain exchanges via smart routers like 1Inch If you didn’t get all of that immediately, don’t worry - neither did I, and that’s why I invited Felix Leupold from CowSwap and Gnosis to answer my remaining questions. Please enjoy my conversation on CowSwap with Felix Leupold. GUEST https://cowswap.exchange/#/swap Felix Leupold https://twitter.com/fleupold_ Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/

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