A walkthrough of different generation DEXs and AMMs

How they evolved in the last year, and what can be built next. "Decentralised Exchanges(DEXs) are a huge part of what DeFi is today. In the talk I would like to give a glance of how DEXs have evolved: Introduction to first generation DEXs (Oasis, Ether Delta, etc). How they failed to have significant adoptions. Introduction to AMMs and 2nd generation DEXs (UniswapV1/V2, Balancer, Curve, Bancor, Kyber, etc) and how the simplicity of Automatic Market Maker (AMM) led to mass adoption of these DEXs. Also briefly explain the Uniswap & Curve fork culture in DeFi and the moment towards L2 DEXs. Overview of 3rd generation DEXs (UniswapV3, BalancerV2, DODOV1/V2) which are mainly optimised for capital efficiency and gas. Even though they have complicated models, the adoption of the 2nd generation has created a momentum for the 3rd generation DEXs. I would like to conclude my talk by explaining about things we are going to see in the coming year: DEXs which are cross chain, even more capital efficient and which can pool liquidity from one another. "

SPEAKER

Shresth Agrawal

EVENT

EthCC[4]

Date

07/21/2021

CATEGORY

Decentralised Finance

TYPE

Talk

LANGUAGE

EN