Laminar markets — a decentralized exchange, built on Aptos

Laminar and its key features

  1. Parallelised cancels
    Laminar will use a core, innovative feature of Aptos called Block-STM to allow order cancels to be parallelized where possible, increasing the overall throughput of the DEX and reducing the need for market makers to spam cancel requests. With any participant, there will always be some variability in the time it takes to submit requests. Given that cancellations and other non dependent requests can be executed in parallel in the same block, the potential drawbacks of latency variability are reduced
  2. Delayed Orders
    In order to attract retail, users will be able to benefit from reduced taker fees by allowing their orders to rest on-chain for a short period of time.
    This gives the users a choice to evaluate the trade off between speed and cost, which will aid Laminar in drawing in users willing to sacrifice speed for lower trading costs, incentivising market makers to quote tighter spreads.
    So, keeping it simple, users will get lower taker fees by allowing their orders to rest on-chain for a short period of time, and market makers can specify that a passive order will trade more aggressively against delayed orders, providing better prices to most users.
  3. Interface through SDK, UI or API
    The lowest level method of interacting with the on-chain program, the SDK offers developers the ability to get up and running quickly to interact with nodes and call on-chain commands directly. The SDK will be available in both Rust and Python.
    The Laminar Team will deploy an intuitive web based UI for point and click traders who gravitate towards the user friendliness of point and click trading. The UI will come complete with charts and real-time order book graphics similar to centralized crypto exchanges.
    We’ll offer developers a REST and Websocket interface to programmatically interact with the DEX. If you’re integrating Laminar with your trading platform or have a systematic strategy you’d like to deploy and get trading swiftly — our APIs are here for you.




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