The Ocean: A New Wave of DEX Focused on Liquidity

21/06/2018 1h 30min Episodio 20
The Ocean: A New Wave of DEX Focused on Liquidity

Listen "The Ocean: A New Wave of DEX Focused on Liquidity"

Episode Synopsis

Welcome to Ledger Cast, hosted by me, Brian Krogsgard (@ledgerstatus on twitter), and in this episode I'm joined by a specialguest, John Piotrowski. Ledger Cast is a cryptocurrency trading and blockchain ecosystem podcast.
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The information in this podcast should not be construed as investment advice, it is purely educational material and you should always do your own research before buying.
We have discussed DEXs (decentralized exchanges) many times on this show, and in this episode I'm happy to have a guest on who is building one. John Piotrowski is the CEO of The Ocean -- a decentralized exchange that's near launch, which they've built as a relayer on top of the 0x protocol.
I went far deeper with John than I anticipated I would. We dug into what makes a dex a dex, and how they are approaching the ecosystem differently than other participants. For one, they are a hybrid model with off-chain order books. John believes deeply in the importance of deep liquidity on a proper order book system. His past is working at Goldman Sachs and elsewhere, directly with their trading operations. He's aiming to bring institutional level liquidity to The Ocean, something that others have not been able to do.
By taking token custodianship out of the equation, but also embracing KYC/AML and other regulatory matters, they believe it gives them an edge in this emerging market.
The Ocean does have a token element, but it will be a free airdop with a rewards-only model for early adopters. There's no ICO, and even their VC investors do not have a token allocation as part of the investment.
And YouTube
https://youtu.be/_V9b3eeKZXI
 
Links from the show

The Ocean
Their blog
Token information and distribution stuff
Republic Protocol
Idex (the top DEX today)
Airswap and Bancor -- no orderbook, but high liquidity trading

Ledger Status links and information

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Music: "Oh, the chains" by Joel Madison Blount