Bankless

The New DeFi Meta with Paradigm’s Head of Research, Dan Robinson

Aug 3, 2023
Dan Robinson, GP and Head of Research at Paradigm, dives into the transformative impacts of UniswapX on decentralized finance. He discusses how this new mechanism alters liquidity dynamics and trading experiences. Topics include 'Intents' for minimizing miner extractable value (MEV), the magic behind order flow auctions, and the evolution of rollups and bridges. Robinson also highlights the ecosystem of nanobots that enhance trading efficiencies and the innovations driving this vibrant DeFi landscape.
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INSIGHT

DEX Research Focus

  • DEX research should focus on minimizing value leakage from the swapper-LP ecosystem.
  • Most leaks go to MEV, so DEX research should target different MEV types.
INSIGHT

Intent-Based Swaps

  • Uniswap X shifts from specific transaction paths to intent-based limit orders.
  • Users express desired trades, letting the system find the best price.
INSIGHT

Dutch Auction Magic

  • The Dutch auction in Uniswap X facilitates off-chain price discovery.
  • The most profitable filler will execute the order at the best possible price.
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