Decentralized Exchanges, the new Financial Market Utilities
summary
Loopring describes a non‑custodial order‑book DEX built with off‑chain matching and zk-SNARK rollups that submit a single succinct proof on‑chain; deposits and withdrawals stay on‑chain while the operator publishes a Merkle delta on-chain for data availability and faces slashing if a proof isn’t posted within a set time window. Versioned tests hit ~350 ops/s and target 1400 tx/s, cutting per‑trade settlement cost to under 0.001 of the old ~ $0.33 baseline, aiming for commercial viability.
AI-written summary · about
chapters (13)
- 0:00Introduction
- 3:22Clearing Corporations
- 4:33Terms
- 5:56CLS
- 7:16DC
- 9:17Smart Contract Insurance
- 10:47Everything on Block Monitor
- 12:27Everything offchain
- 13:11Data availability
- 15:22Onchain and block commitments
- 18:15Definitions
- 21:20Privacy
- 22:27Operators
related talks
31mHigh-Yield Strategies in DeFi
58mA DeFi Roundtable
56mBlockchain applications in the banking industry
17mState of Smart Contracts in Decentralized Finance
15mDeFi Protocols and Decentralized Oracles
15mHow to Leverage Decentralized Finance in a Financial Crisis
14mThe Present and Future of bZx Protocol
18mFormalising Decentralised Exchanges in Coq