💡Solution

Decentralised Auctions upgrade primitive trading methods and offer unique approaches to natural price discovery and efficient and optimal order matching!

• Efficient Price Discovery : Price discovery happens naturally via the various auction mechanisms as traders place competing bids and asks, leading to a fairer and more efficient pricing.

• Cheaper simplified experience : Current Decentralised Exchanges and NFT Marketplaces are costly and difficult to create, customise, use and integrate for the non-crypto-native users.

• Combatting Front-Running & MEV Extraction : Auctions like Batch and Sealed bid prevent front-running and MEV extraction by settling all trades at a uniform clearing price and by commit & reveal strategy, respectively.

• Liquidity Infusion & Consolidation : Frequent bids and the aggregation of liquidity from multiple sources into concurrent auction pools improves liquidity and reduces fragmentation.

• Slippage Prevention: executing transactions in batches at a single price help users trade assets at desired prices while minimising the impact of price fluctuations

• Reduced counter party Risk: Operate without reliance on centralised intermediaries or authority figures like an auction house.

• Upgraded privacy, security and ownership: Allow users to retain full control and ownership of their data and assets and to participate in auctions without disclosing sensitive information. Also minimise the risk of fraud or manipulation using trustless smart contract execution.

• Trust and Transparency: Give participants visibility into auction processes, bids, asset attributes, ownership, and outcomes.