Curated Exchange: Releases DMF Paper and Framework to Enable “Anyone to Deploy an Exchange”

Odaily Planet Daily News Curated Exchange was officially launched on May 29, 2026. The project is initiated by open-source developers and research scholars. Its underlying theory is based on the academic paper "Decentralized Market Formation" published on SSRN in May this year. The core proposition is to establish a more effective mechanism for discovering, screening, and selecting long-tail assets through a low-cost, parallel multi-exchange structure.

Any individual, community, or institution can deploy a dedicated vertical trading portal with zero barriers, screen assets, and earn fees, with all venues sharing the same underlying liquidity. Different from CEX's centralized listing decisions and AMM's permissionless filtering mechanism, DMF replaces capital barriers with cognitive barriers—Curators act as asset gatekeepers based on professional judgment rather than capital scale, ensuring high-quality long-tail assets are systematically discovered by reputation-bound Curators.

Curated positions itself as a neutral infrastructure provider, avoiding commercial competition with ecosystem participants, and will fully open-source its code in the future. The testnet is scheduled to officially launch in June 2026.