World First Order Book AppChain

The Future of DEX

Introduction: Decentralized exchanges (DEXs) have been transformative in the world of cryptocurrency, allowing users to trade assets without the need for an intermediary. However, they've faced challenges such as high gas fees, miner extractable value (MEV), and slippage. This project seeks to usher in a new era for DEXs, presenting the world's first Order Book AppChain on Superchain, which aims to tackle these issues head-on.

Key Features:

1. World's First Order Book AppChain on Superchain: Utilizing the Account Abstraction architecture, we've introduced a bundler node specifically designed to manage order books efficiently. Beyond just management, this order book seamlessly extends into an AppChain. The integration of an order book mechanism within an AppChain on Superchain sets this DEX apart. Traditional DEXs rely heavily on automated market makers (AMM) for price determination. With an order book system, market participants place buy and sell orders at specific prices. The AppChain on Superchain is a dedicated sidechain optimized for handling these orders, ensuring faster transaction speeds and enhanced security.

2. Gas Fee Reduction: One of the major deterrents for many users interacting with DEXs is the prohibitive gas fees. This project has innovatively designed its architecture to minimize these costs, slashing them by up to 90%. This reduction will enable more users to engage with the platform, driving up liquidity and overall adoption.

3. Elimination of MEV: Miner extractable value (MEV) is an issue where miners, or validators, exploit their ability to reorder transactions within a block to their advantage. This often leads to unfair advantages and unforeseen costs for traders. With this project's architecture, the risk of MEV is eliminated, ensuring a level playing field for all traders.

4. Zero Slippage: Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. In many DEXs, due to the volatility and liquidity issues, traders often experience high slippages. This project's order book system, combined with the AppChain's efficient matching mechanism, ensures that trades are executed at the expected prices, eradicating slippage.

5. Support for Limit Orders: Limit orders allow traders to set a specific price at which they wish to buy or sell an asset. This gives traders more control over their trades, allowing them to set prices that align with their strategies. The support for limit orders is a step away from the typical market orders dominant in many DEXs, and it ensures that traders can execute strategies with precision.

Conclusion: This project isn't just another DEX; it's a leap forward. By integrating an order book system on an AppChain within Superchain, it addresses the pain points that have plagued decentralized trading platforms. With a significant reduction in gas fees, the elimination of MEV and slippage, and the introduction of limit orders, it offers a trading experience that is not only cost-effective but also fair and precise. This truly is the future of decentralized exchanges.

WASD3R DEX is a culmination of cutting-edge blockchain innovations designed to redefine the decentralized exchange landscape.

• EIP-4337 Account Abstraction: This protocol underpins our DEX, making gas fee reductions of up to 90% possible compared to other DEXs.
• Bundler Node: A bundler node we've developed to sequence buy/sell orders based on time, effectively preventing MEV attacks and ensuring a fair trade environment.
• Dex Manager Smart Contract: It efficiently manages trades and swaps of orders that came from the Bundler Node. It also manages smart contract wallets for all users.