---
tags: hackathons, tezos

title: Not relevant yet Bounty proposals - DeFi
---

### ~~~Next-generation orderbook-based DEX~~~ (deferred due to complexity)

- Explore the feasibility of stepping back away from the ubiquitous LP model
- DEX based on orderbooks, with price-time priorization of orders
- Allowing competing market participants to enter a fair auction on asset prices as opposed to the transaction fee auction that characterizes LPs
- Requirements
- Reasonable protection from 'baker extractable value', eg. via ZK proofs
- Throughput comparable to liquidity pools
- Ideally decentralized L2 execution with L1 settlement

(see also https://www.polkadex.trade/)

## Further ideas

- Atomic Swaps
- AMM with cross-chain capabilities > https://www.theblockcrypto.com/post/119191/cross-chain-the-future-of-amm
- (Cross-chain?) put and call options
- Eg. options for Ether/tez pair on the Tezos chain
- With cross-chain exercising of options
- and more?