sudoswap launches sudoAMM progressive Dutch auction
2023-11-23 02:34
Odaily News NFT trading protocol sudoswap announced the launch of sudoAMM Gradual Dutch Auctions (GDA), allowing NFTs to be effectively sold or purchased over time. When sold, GDA has a high initial price and then adjusts the price over time, similar to a Dutch auction. Each time a token is sold, the pool price increases, allowing for continuous price discovery. When buying, the initial price is low, increases over time, and then adjusts downwards with each purchase.
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