"Dexilla" is a decentralized exchange that utilizes an order book system and operates on Layer 2 technology based on the Optimism blockchain.
Dexilla is a decentralized exchange (dex) that operates on layer-2 (L2) technology built on the Dexilla chain (Base on Bedrock). As an order book dex, Dexilla allows users to place limit orders and execute trades directly from their wallets. By operating on L2 technology, Dexilla can provide a faster and cheaper trading experience for its users compared to traditional L1 dexes. Dexilla utilizes smart contracts for trustless trade settlement, reducing the risk of a single point of failure. With no central authority, users have complete control over their funds and can trade without the need for KYC verification. The dex is designed with a user-friendly interface to provide a seamless and intuitive trading experience.
Dexilla is built on the Dexilla chain, which is based on Bedrock. The platform is built using Solidity smart contracts and uses the EIP 712 standard for signing. This ensures that all trades are secure and verifiable.
On the frontend side, Dexilla uses Next.js and the Rainbow Kit, which is a collection of React components for building user interfaces on the Ethereum blockchain. The platform also uses EtherJS, which is a JavaScript library for interacting with the Ethereum blockchain.
Additionally, Dexilla has used several sponsor technologies to benefit its project. For example, it has leveraged the Optimism platform for its Layer 2 scaling solution, which has enabled faster and cheaper transactions for users.
Overall, the development of Dexilla has required a combination of technical skills and creativity to build a decentralized exchange that is secure, user-friendly, and efficient. Some notable and innovative solutions were used in the development process, which makes Dexilla a unique and valuable addition to the DeFi ecosystem.