{"id":1514,"date":"2025-08-01T14:39:29","date_gmt":"2025-08-01T06:39:29","guid":{"rendered":"http:\/\/www.design-suit.com\/?p=1514"},"modified":"2025-08-01T14:39:29","modified_gmt":"2025-08-01T06:39:29","slug":"%e4%b8%ba%e4%bb%80%e4%b9%88%e6%af%8f%e4%b8%aaweb3%e9%a1%b9%e7%9b%ae%e9%83%bd%e9%80%83%e4%b8%8d%e8%bf%87dex%ef%bc%9f%e4%b8%80%e9%83%a8%e4%ba%94%e5%b9%b4%e5%8f%91%e5%b1%95%e5%8f%b2%e5%91%8a%e8%af%89","status":"publish","type":"post","link":"http:\/\/www.wancg.com\/?p=1514","title":{"rendered":"\u4e3a\u4ec0\u4e48\u6bcf\u4e2aWeb3\u9879\u76ee\u90fd\u9003\u4e0d\u8fc7DEX\uff1f\u4e00\u90e8\u4e94\u5e74\u53d1\u5c55\u53f2\u544a\u8bc9\u4f60\u7b54\u6848 | PANews"},"content":{"rendered":"<h3 id=\"heading-dex\u4ece\u672a\u88ab\u771f\u6b63\u7406\u89e3\"><strong>DEX\uff0c\u4ece\u672a\u88ab\u771f\u6b63\u7406\u89e3<\/strong><\/h3>\n<p>\u5728\u6574\u4e2a\u52a0\u5bc6\u91d1\u878d\u4f53\u7cfb\u91cc\uff0cDEX 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DEX\u8fdb\u5316\u6f14\u53d8\uff0c\u80cc\u540e\u5171\u540c\u63a8\u52a8\u7684\uff0c\u5176\u5b9e\u662f\u4e00\u4e2a\u5206\u5e03\u5f0f\u91d1\u878d\u5e95\u5c42\u7684\u81ea\u6211\u8fdb\u5316\u8fc7\u7a0b\u3002<\/p>\n<p>\u6240\u4ee5\u6211\u8bd5\u56fe\u8df3\u8131\u201c\u4ea7\u54c1\u5bf9\u6bd4\u201d\u4e0e\u201c\u8d5b\u9053\u8d8b\u52bf\u201d\u7684\u89d2\u5ea6\uff0c\u91cd\u56de\u5386\u53f2\u957f\u7ebf\uff0c\u53bb\u8bb2\u6e05\u695a\u5b83\u7684\u7ed3\u6784\u6f14\u53d8\u903b\u8f91\uff1a<\/p>\n<ul>\n<li>\n<p><strong>DEX \u662f\u600e\u4e48\u5728\u94fe\u4e0a\u4ece\u5de5\u5177\u53d8\u6210\u7ed3\u6784\u6f14\u53d8\u903b\u8f91\u7684\uff1b<\/strong><\/p>\n<\/li>\n<li>\n<p><strong>\u5b83\u5982\u4f55\u5438\u6536\u4e86\u4e0d\u540c\u65f6\u4ee3\u7684\u91d1\u878d\u673a\u5236\u4e0e\u751f\u6001\u76ee\u6807\uff1b<\/strong><\/p>\n<\/li>\n<li>\n<p><strong>\u53c8\u4e3a\u4ec0\u4e48\uff0c\u5f53\u6211\u4eec\u4eca\u5929\u8c08\u5230 Launch\u3001\u9879\u76ee\u51b7\u542f\u52a8\u3001\u793e\u533a\u81ea\u7ec4\u7ec7\u65f6\uff0c\u7ed5\u4e0d\u5f00\u7684\u8fd8\u662f DEX\u3002<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>\u8fd9\u662f\u4e00\u90e8 DEX \u7684\u8fdb\u5316\u53f2\uff0c\u662f\u4e00\u573a\u5173\u4e8e\u53bb\u4e2d\u5fc3\u5316\u201c\u529f\u80fd\u5916\u6ea2\u201d\u7684\u7ed3\u6784\u89c2\u5bdf\uff0c\u66f4\u662f\u4e00\u6574\u6761\u5386\u53f2\u8def\u5f84\u7684\u94fa\u5c55\uff0c\u6240\u4ee5\u6211\u4e5f\u5c1d\u8bd5\u56de\u7b54\u4e00\u4e2a\u5982\u4eca\u8d8a\u6765\u8d8a\u96be\u56de\u907f\u7684\u95ee\u9898\uff1a<\/p>\n<blockquote>\n<p>\u5f53\u6211\u4eec\u5728\u8c08Web3\u65f6\uff0c\u4e3a\u4ec0\u4e48\u4eca\u5929\uff0c\u6bcf\u4e2a\u9879\u76ee\u90fd\u9003\u4e0d\u8fc7DEX\uff1f<\/p>\n<\/blockquote>\n<h3 id=\"heading-\u4e00\u4e94\u5e74dex\u7b80\u53f2\u4ece\u8fb9\u7f18\u89d2\u8272\u5230\u53d9\u4e8b\u4e2d\u67a2\"><strong>\u4e00\u3001\u4e94\u5e74DEX\u7b80\u53f2\uff1a\u4ece\u8fb9\u7f18\u89d2\u8272\u5230\u53d9\u4e8b\u4e2d\u67a2<\/strong><\/h3>\n<h4 id=\"heading-1\u7b2c\u4e00\u4ee3dex\u53cd\u4e2d\u5fc3\u5316\u7684\u8868\u8fbeetherdelta\u65f6\u4ee3\"><strong>1\u3001\u7b2c\u4e00\u4ee3DEX\uff1a\u53cd\u4e2d\u5fc3\u5316\u7684\u8868\u8fbe\uff08EtherDelta\u65f6\u4ee3\uff09<\/strong><\/h4>\n<p>2017\u5e74\u524d\u540e\uff0c\u5f53\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u5982\u65e5\u4e2d\u5929\u65f6\uff0c\u6709\u4e00\u6279\u52a0\u5bc6\u6781\u5ba2\u5374\u5728\u94fe\u4e0a\u9ed8\u9ed8\u5730\u542f\u52a8\u4e86\u4e00\u4e2a\u5947\u602a\u7684\u5b9e\u9a8c\uff1aEtherDelta\u3002<\/p>\n<p>\u4e0e\u540c\u65f6\u671f\u5e01\u5b89\u3001OKEx\u7b49CEX\u76f8\u6bd4\uff0cEtherDelta \u51e0\u4e4e\u53ef\u4ee5\u8bf4\u662f\u707e\u96be\u7ea7\u7684\u4ea4\u6613\u4f53\u9a8c\uff1a\u4ea4\u6613\u9700\u8981\u624b\u52a8\u8f93\u5165\u590d\u6742\u7684\u94fe\u4e0a\u6570\u636e\uff0c\u4ea4\u4e92\u5ef6\u8fdf\u6781\u9ad8\uff0c\u7528\u6237\u754c\u9762\u66f4\u662f\u582a\u6bd4\u4e0a\u4e16\u7eaa\u7684\u539f\u59cb\u7f51\u9875\uff0c\u51e0\u4e4e\u8ba9\u666e\u901a\u4ea4\u6613\u8005\u671b\u800c\u5374\u6b65\u3002<\/p>\n<p>\u4f46EtherDelta\u7684\u8bde\u751f\uff0c\u4ece\u7b2c\u4e00\u5929\u8d77\u5c31\u4e0d\u53ea\u662f\u4e3a\u4e86\u597d\u7528\uff0c\u800c\u662f\u8981\u5f7b\u5e95\u6446\u8131\u201c\u4e2d\u5fc3\u5316\u4fe1\u4efb\u201d\uff1a**\u4ea4\u6613\u8d44\u4ea7\u5b8c\u5168\u7531\u7528\u6237\u81ea\u5df1\u63a7\u5236\uff0c\u8ba2\u5355\u64ae\u5408\u5b8c\u5168\u5728\u4ee5\u592a\u574a\u94fe\u4e0a\u5b8c\u6210\uff0c\u65e0\u9700\u4e2d\u4ecb\u6258\u7ba1\uff0c\u65e0\u9700\u4fe1\u4efb\u7b2c\u4e09\u65b9\u3002**\u4ee5\u592a\u574a\u521b\u59cb\u4ebaVitalik Buterin\u751a\u81f3\u66fe\u516c\u5f00\u8868\u8fbe\u8fc7\u5bf9\u8fd9\u79cd\u6a21\u5f0f\u7684\u671f\u5f85\uff0c\u8ba4\u4e3a\u94fe\u4e0a\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u662f\u533a\u5757\u94fe\u771f\u6b63\u843d\u5730\u5e94\u7528\u7684\u65b9\u5411\u4e4b\u4e00\u3002<\/p>\n<p>\u867d\u7136 EtherDelta \u672c\u8eab\u6700\u7ec8\u56e0\u6280\u672f\u548c\u7528\u6237\u4f53\u9a8c\u7684\u56f0\u5883\u9010\u6e10\u6de1\u51fa\u89c6\u91ce\uff0c\u4f46\u5b83\u5728\u533a\u5757\u94fe\u5386\u53f2\u4e2d\u7559\u4e0b\u4e86\u4e00\u6761\u4e0d\u53ef\u5ffd\u89c6\u7684\u8def\u5f84\uff1aDEX\u4ece\u6b64\u5f00\u59cb\u4e0d\u518d\u53ea\u662f\u4ea4\u6613\u5de5\u5177\uff0c\u800c\u6210\u4e3a\u4e00\u79cd\u53cd\u5bf9\u4e2d\u5fc3\u5316\u7684\u5b9e\u8df5\u8868\u8fbe\u3002<\/p>\n<p>\u5b83\u6216\u8bb8\u4e0d\u662f\u5f53\u65f6\u5e02\u573a\u7684\u5ba0\u513f\uff0c\u4f46\u5374\u4e3a\u65e5\u540e\u7684Uniswap\u3001Balancer\u3001Raydium\u4eec\u57cb\u4e0b\u4e86\u57fa\u56e0\u79cd\u5b50\uff1a<strong>\u7528\u6237\u8d44\u4ea7\u81ea\u6301\u3001\u8ba2\u5355\u64ae\u5408\u94fe\u4e0a\u3001\u65e0\u9700\u6258\u7ba1\u4fe1\u4efb<\/strong>\u2014\u2014\u6b63\u662f\u8fd9\u4e9b\u7279\u8d28\uff0c\u6210\u4e3a\u65e5\u540eDEX\u4e0d\u65ad\u8fdb\u5316\u3001\u884d\u751f\u3001\u6269\u5c55\u7684\u57fa\u7840\u6846\u67b6\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/images\/4MiFW1AZf2.png\" alt=\"\u4e3a\u4ec0\u4e48\u6bcf\u4e2aWeb3\u9879\u76ee\u90fd\u9003\u4e0d\u8fc7DEX\uff1f\u4e00\u90e8\u4e94\u5e74\u53d1\u5c55\u53f2\u544a\u8bc9\u4f60\u7b54\u6848\" width=\"1000\" height=\"532\" \/><\/p>\n<figure><\/figure>\n<h4 id=\"heading-2\u7b2c\u4e8c\u4ee3dex\u6280\u672f\u8303\u5f0f\u8f6c\u53d8amm\u7684\u51fa\u73b0\"><strong>2\u3001\u7b2c\u4e8c\u4ee3DEX\uff1a\u6280\u672f\u8303\u5f0f\u8f6c\u53d8\uff08AMM\u7684\u51fa\u73b0\uff09<\/strong><\/h4>\n<p>\u5982\u679c\u8bf4 EtherDelta \u4ee3\u8868\u4e86\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u7684\u201c\u7b2c\u4e00\u6027\u539f\u5219\u201d\uff0c\u90a3\u4e48 Uniswap \u7684\u8bde\u751f\uff0c\u5219\u662f\u8ba9\u8fd9\u4e2a\u7406\u60f3\u7b2c\u4e00\u6b21\u5177\u5907\u4e86\u53ef\u89c4\u6a21\u5316\u7684\u5b9e\u73b0\u8def\u5f84\u3002<\/p>\n<p>2018 \u5e74\uff0cUniswap \u53d1\u5e03 v1\uff0c\u5e76\u9996\u6b21\u5728\u94fe\u4e0a\u5f15\u5165\u81ea\u52a8\u5316\u505a\u5e02\u5546\uff08AMM, Automated Market Maker\uff09\u673a\u5236\uff0c\u5f7b\u5e95\u6253\u7834\u4e86\u4f20\u7edf\u8ba2\u5355\u7c3f\u64ae\u5408\u6a21\u5f0f\u7684\u9650\u5236\u3002\u5176\u5e95\u5c42\u4ea4\u6613\u903b\u8f91\u7b80\u5355\u5374\u9769\u547d\u6027\u2014\u2014x * y = k\uff1a\u516c\u5f0f\u662fUniswap\u7684\u6838\u5fc3\u521b\u65b0\uff0c\u5141\u8bb8\u6d41\u52a8\u6027\u6c60\u81ea\u52a8\u5b9a\u4ef7\uff0c\u65e0\u9700\u5bf9\u624b\u65b9\u6216\u6302\u5355\u3002\u53ea\u8981\u4f60\u5f80\u6c60\u5b50\u91cc\u653e\u5165\u4e00\u79cd\u8d44\u4ea7\uff0c\u4fbf\u53ef\u4ee5\u6309\u7167\u6052\u5b9a\u4e58\u79ef\u66f2\u7ebf\u81ea\u52a8\u83b7\u5f97\u53e6\u4e00\u79cd\u8d44\u4ea7\u3002\u65e0\u9700\u5bf9\u624b\u65b9\u3001\u65e0\u9700\u6302\u5355\u3001\u65e0\u9700\u64ae\u5408\uff0c\u4ea4\u6613\u884c\u4e3a\u5373\u7b49\u4e8e\u5b9a\u4ef7\u884c\u4e3a\u3002<\/p>\n<p>\u8fd9\u79cd\u6a21\u578b\u7684\u7a81\u7834\u6027\u5728\u4e8e\uff0c\u5b83\u4e0d\u4ec5\u89e3\u51b3\u4e86\u65e9\u671fDEX\u201c\u6ca1\u4eba\u6302\u5355\u201d\u5c31\u65e0\u6cd5\u4ea4\u6613\u7684\u9e21\u751f\u86cb\u95ee\u9898\uff0c\u66f4\u5f7b\u5e95\u6539\u53d8\u4e86\u94fe\u4e0a\u4ea4\u6613\u7684\u6d41\u52a8\u6027\u6765\u6e90\uff1a<strong>\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u6210\u4e3a\u6d41\u52a8\u6027\u63d0\u4f9b\u8005\uff08LP\uff09\uff0c\u4e3a\u5e02\u573a\u6ce8\u5165\u8d44\u4ea7\u5e76\u8d5a\u53d6\u624b\u7eed\u8d39\u3002<\/strong><\/p>\n<p>Uniswap \u7684\u6210\u529f\u4e5f\u6fc0\u53d1\u4e86\u5176\u4ed6 AMM \u673a\u5236\u7684\u53d8\u4f53\u521b\u65b0\uff1a<\/p>\n<p>Balancer \u5f15\u5165\u4e86\u591a\u8d44\u4ea7+\u81ea\u5b9a\u4e49\u6743\u91cd\u6c60\uff0c\u5141\u8bb8\u9879\u76ee\u81ea\u8bbe\u8d44\u4ea7\u6743\u91cd\u4e0e\u5206\u5e03\uff1b<\/p>\n<p>Curve \u9488\u5bf9\u7a33\u5b9a\u5e01\u9ad8\u6ed1\u70b9\u95ee\u9898\uff0c\u8bbe\u8ba1\u4e86\u4f18\u5316\u66f2\u7ebf\uff0c\u5b9e\u73b0\u66f4\u4f4e\u6210\u672c\u7684\u8d44\u4ea7\u4ea4\u6362\uff1b<\/p>\n<p>SushiSwap \u5219\u5728Uniswap\u7684\u57fa\u7840\u4e0a\u52a0\u5165\u4e86\u4ee3\u5e01\u6fc0\u52b1\u4e0e\u6cbb\u7406\u673a\u5236\uff0c\u5f00\u542f\u4e86\u201c\u6d41\u52a8\u6027\u6316\u77ff+\u793e\u533a\u4e3b\u6743\u201d\u7684\u53d9\u4e8b\uff1b<\/p>\n<p>\u8fd9\u4e9b\u53d8\u4f53\u5171\u540c\u63a8\u52a8\u4e86AMM DEX\u8fdb\u5165\u4e86\u201c\u534f\u8bae\u4ea7\u54c1\u5316\u201d\u9636\u6bb5\u3002\u4e0d\u540c\u4e8e\u7b2c\u4e00\u4ee3DEX\u4e3b\u8981\u662f\u7406\u5ff5\u9a71\u52a8\u3001\u5f62\u6001\u7c97\u7c9d\uff0c<strong>\u7b2c\u4e8c\u4ee3DEX\u5df2\u7ecf\u5f00\u59cb\u8868\u73b0\u51fa\u6e05\u6670\u7684\u4ea7\u54c1\u903b\u8f91\u4e0e\u7528\u6237\u884c\u4e3a\u95ed\u73af\uff1a\u5b83\u4eec\u4e0d\u4ec5\u80fd\u4ea4\u6613\uff0c\u66f4\u662f\u8d44\u4ea7\u6d41\u901a\u7684\u7ed3\u6784\u57fa\u7840\u3001\u7528\u6237\u53c2\u4e0e\u6d41\u52a8\u6027\u7684\u5165\u53e3\uff0c\u751a\u81f3\u662f\u9879\u76ee\u751f\u6001\u542f\u52a8\u7684\u4e00\u73af\u3002<\/strong><\/p>\n<p>\u53ef\u4ee5\u8bf4\uff0c\u4eceUniswap\u5f00\u59cb\uff0cDEX\u7b2c\u4e00\u6b21\u771f\u6b63\u53d8\u6210\u4e86\u80fd\u88ab\u4f7f\u7528\u3001\u80fd\u751f\u957f\u3001\u80fd\u79ef\u7d2f\u7528\u6237\u4e0e\u8d44\u672c\u7684\u201c\u4ea7\u54c1\u201d\u2014\u2014\u4e0d\u518d\u662f\u6982\u5ff5\u843d\u5730\u7684\u9644\u5c5e\u7269\uff0c\u800c\u5f00\u59cb\u6210\u4e3a\u7ed3\u6784\u6784\u5efa\u8005\u672c\u8eab\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/images\/BPU3SKwOH3.png\" alt=\"\u4e3a\u4ec0\u4e48\u6bcf\u4e2aWeb3\u9879\u76ee\u90fd\u9003\u4e0d\u8fc7DEX\uff1f\u4e00\u90e8\u4e94\u5e74\u53d1\u5c55\u53f2\u544a\u8bc9\u4f60\u7b54\u6848\" width=\"1696\" height=\"852\" \/><\/p>\n<h4 id=\"heading-3\u7b2c\u4e09\u4ee3dex\u4ece\u5de5\u5177\u5230\u67a2\u7ebd\u529f\u80fd\u6269\u5f20\u4e0e\u751f\u6001\u878d\u5408\"><strong>3\u3001\u7b2c\u4e09\u4ee3DEX\uff1a\u4ece\u5de5\u5177\u5230\u67a2\u7ebd\uff0c\u529f\u80fd\u6269\u5f20\u4e0e\u751f\u6001\u878d\u5408<\/strong><\/h4>\n<p>\u8fdb\u5165 2021 \u5e74\u4ee5\u540e\uff0cDEX \u7684\u6f14\u8fdb\u5f00\u59cb\u8131\u79bb\u5355\u4e00\u4ea4\u6613\u573a\u666f\uff0c\u8fdb\u5165\u4e86\u529f\u80fd\u5916\u6ea2\u4e0e\u751f\u6001\u6574\u5408\u5e76\u884c\u7684\u201c\u878d\u5408\u9636\u6bb5\u201d\u3002\u5728\u8fd9\u4e2a\u9636\u6bb5\uff0cDEX \u4e0d\u518d\u4ec5\u4ec5\u662f\u4e00\u4e2a\u201c\u6362\u5e01\u7684\u5730\u65b9\u201d\uff0c\u800c\u9010\u6e10\u957f\u6210\u94fe\u4e0a\u91d1\u878d\u4f53\u7cfb\u4e2d\u7684\u6d41\u52a8\u6027\u6838\u5fc3\u3001\u9879\u76ee\u51b7\u542f\u52a8\u7684\u5165\u53e3\uff0c\u751a\u81f3\u662f\u751f\u6001\u7ed3\u6784\u7684\u8c03\u5ea6\u5668\u3002<\/p>\n<p>\u8fd9\u4e00\u65f6\u671f\u6700\u5177\u4ee3\u8868\u6027\u7684\u8303\u5f0f\u8f6c\u53d8\u4e4b\u4e00\uff0c\u4fbf\u662fRaydium\u7684\u51fa\u73b0\u3002<\/p>\n<p>Raydium \u8bde\u751f\u4e8e Solana \u94fe\u4e0a\uff0c\u662f\u9996\u4e2a\u5c1d\u8bd5\u5c06AMM\u673a\u5236\u4e0e\u94fe\u4e0a\u8ba2\u5355\u7c3f\u6df1\u5ea6\u6574\u5408\u7684DEX\u3002\u5b83\u4e0d\u4ec5\u63d0\u4f9b\u57fa\u4e8e\u6052\u5b9a\u4e58\u79ef\u7684\u6d41\u52a8\u6027\u6c60\uff0c\u8fd8\u80fd\u5c06\u4ea4\u6613\u540c\u6b65\u81f3 Serum \u7684\u94fe\u4e0a\u8ba2\u5355\u7c3f\uff0c\u5f62\u6210\u201c\u81ea\u52a8\u505a\u5e02 + \u88ab\u52a8\u6302\u5355\u201d\u5171\u5b58\u7684\u6d41\u52a8\u6027\u7ed3\u6784\u3002\u8fd9\u79cd\u6a21\u5f0f\u7ed3\u5408\u4e86 AMM \u7684\u7b80\u6d01\u4e0e\u8ba2\u5355\u7c3f\u7684\u53ef\u89c1\u4ef7\u683c\u5c42\u7ea7\uff0c\u5728\u4fdd\u6301\u94fe\u4e0a\u81ea\u4e3b\u6027\u7684\u540c\u65f6\uff0c\u5927\u5e45\u589e\u5f3a\u4e86\u8d44\u91d1\u6548\u7387\u4e0e\u6d41\u52a8\u6027\u5229\u7528\u7387\u3002<\/p>\n<p>Raydium \u7684\u7ed3\u6784\u610f\u4e49\u5728\u4e8e\uff0c\u5b83\u4e0d\u53ea\u662f\u201cAMM\u4f18\u5316\u201d\uff0c\u800c\u662f DEX \u7b2c\u4e00\u6b21\u5728\u94fe\u4e0a\u5c1d\u8bd5\u5f15\u5165\u201cCEX\u4f53\u9a8c\u201d\u7684\u5206\u5e03\u5f0f\u91cd\u5efa\u3002<strong>\u5bf9\u4e8e Solana \u751f\u6001\u4e2d\u7684\u65b0\u9879\u76ee\u6765\u8bf4\uff0cRaydium \u4e5f\u4e0d\u53ea\u662f\u4ea4\u6613\u573a\u6240\uff0c\u66f4\u662f\u542f\u52a8\u573a\u6240\u2014\u2014\u4ece\u521d\u59cb\u6d41\u52a8\u6027\u5230\u4ee3\u5e01\u5206\u53d1\u3001\u6302\u5355\u6df1\u5ea6\u3001\u9879\u76ee\u66dd\u5149\uff0c\u5b83\u662f\u4e00\u7ea7\u53d1\u884c\u4e0e\u4e8c\u7ea7\u4ea4\u6613\u7684\u8054\u52a8\u67a2\u7ebd\u3002<\/strong><\/p>\n<p>\u8fd9\u4e00\u9636\u6bb5\uff0c\u529f\u80fd\u7206\u53d1\u8fdc\u4e0d\u6b62\u4e8e Raydium\uff1a<\/p>\n<ul>\n<li>\n<p>SushiSwap\u5728Uniswap\u6a21\u578b\u4e0a\u52a0\u5165\u4e86\u4ea4\u6613\u6316\u77ff\u3001\u6cbb\u7406\u4ee3\u5e01\u3001\u793e\u533a\u6cbb\u7406\u4e0e\u201cOnsen\u201d\u5b75\u5316\u6c60\uff0c\u5f62\u6210\u4e86\u6cbb\u7406\u578bDEX\u751f\u6001\uff1b<\/p>\n<\/li>\n<li>\n<p>PancakeSwap\u5219\u7ed3\u5408\u94fe\u6e38\u3001NFT\u5e02\u573a\u4e0e\u94fe\u4e0a\u5f69\u7968\u7b49\u529f\u80fd\uff0c\u5728 BNB Chain \u4e0a\u5b8c\u6210\u4e86DEX\u5e73\u53f0\u5316\u8fd0\u8425\uff1b<\/p>\n<\/li>\n<li>\n<p>Velodrome\uff08Optimism\uff09\u5f15\u5165\u4e86\u57fa\u4e8e veToken \u6a21\u578b\u7684\u201c\u534f\u8bae\u95f4\u6d41\u52a8\u6027\u8c03\u5ea6\u201d\uff0c\u8ba9DEX\u6210\u4e3a\u534f\u8bae\u4e4b\u95f4\u7684\u534f\u8c03\u5668\u800c\u975e\u4ec5\u4ec5\u670d\u52a1\u7528\u6237\uff1b<\/p>\n<\/li>\n<li>\n<p>Jupiter\u5219\u5728Solana\u751f\u6001\u4e2d\u901a\u8fc7\u8def\u5f84\u805a\u5408\u5668\u89d2\u8272\u4e32\u8054\u591a\u4e2aDEX\u4e0e\u8d44\u4ea7\u8def\u5f84\uff0c\u6210\u4e3a\u771f\u6b63\u610f\u4e49\u4e0a\u7684\u201c\u94fe\u4e0a\u8de8\u534f\u8bae\u805a\u5408\u5668\u201d\u3002<\/p>\n<\/li>\n<\/ul>\n<p><strong>\u8fd9\u4e00\u9636\u6bb5\u7684\u5171\u540c\u7279\u5f81\u662f\uff1aDEX \u4e0d\u518d\u662f\u534f\u8bae\u7684\u7ec8\u70b9\uff0c\u800c\u662f\u8fde\u63a5\u8d44\u4ea7\u3001\u9879\u76ee\u3001\u7528\u6237\u4e0e\u534f\u8bae\u7684\u4e2d\u7ee7\u7f51\u7edc\u3002<\/strong><\/p>\n<p>\u5b83\u65e2\u8981\u627f\u62c5\u7528\u6237\u4ea4\u6613\u7684\u201c\u7ec8\u7aef\u4ea4\u4e92\u201d\uff0c\u53c8\u8981\u5185\u5d4c\u9879\u76ee\u53d1\u884c\u7684\u201c\u521d\u59cb\u5f15\u6d41\u201d\uff0c\u540c\u65f6\u8fd8\u9700\u8981\u5bf9\u63a5\u6cbb\u7406\u3001\u6fc0\u52b1\u3001\u5b9a\u4ef7\u3001\u805a\u5408\u7b49\u4e00\u6574\u5957\u94fe\u4e0a\u884c\u4e3a\u7cfb\u7edf\u3002<\/p>\n<p>DEX\uff0c\u4ece\u6b64\u8131\u79bb\u201c\u5b64\u5c9b\u534f\u8bae\u201d\u7684\u8eab\u4efd\uff0c\u6210\u4e3aDeFi\u4e16\u754c\u7684\u67a2\u7ebd\u8282\u70b9\uff08hub primitive\uff09\u2014\u2014\u4e00\u79cd\u9ad8\u9002\u914d\u6027\u3001\u9ad8\u53ef\u7ec4\u5408\u6027\u7684\u94fe\u4e0a\u5171\u8bc6\u7ec4\u4ef6\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/images\/xi1BQPE9Ii.png\" alt=\"\u4e3a\u4ec0\u4e48\u6bcf\u4e2aWeb3\u9879\u76ee\u90fd\u9003\u4e0d\u8fc7DEX\uff1f\u4e00\u90e8\u4e94\u5e74\u53d1\u5c55\u53f2\u544a\u8bc9\u4f60\u7b54\u6848\" \/><\/p>\n<h4 id=\"heading-4\u7b2c\u56db\u4ee3dex\u591a\u94fe\u6d2a\u6d41\u4e2d\u7684\u53d8\u5f62\u751f\u957f\u662f\u805a\u5408l2-\u4e0e\u8de8\u94fe\u8bd5\u9a8c\"><strong>4\u3001\u7b2c\u56db\u4ee3DEX\uff1a\u591a\u94fe\u6d2a\u6d41\u4e2d\u7684\u53d8\u5f62\u751f\u957f\uff0c\u662f\u805a\u5408\u3001L2 \u4e0e\u8de8\u94fe\u8bd5\u9a8c<\/strong><\/h4>\n<p>\u5982\u679c\u8bf4\u524d\u4e24\u4ee3DEX\u7684\u6f14\u5316\u662f\u6280\u672f\u8303\u5f0f\u7684\u7a81\u53d8\uff0c\u7b2c\u4e09\u9636\u6bb5\u7684Raydium\u662f\u529f\u80fd\u6a21\u5757\u7684\u62fc\u63a5\u5c1d\u8bd5\uff0c\u90a3\u4e48\u4ece 2021 \u5e74\u5f00\u59cb\uff0cDEX \u8fdb\u5165\u4e86\u4e00\u4e2a\u66f4\u96be\u5f52\u7c7b\u7684\u9636\u6bb5\uff1a\u5b83\u4e0d\u518d\u662f\u67d0\u4e2a\u56e2\u961f\u5728\u4e3b\u5bfc\u201c\u7248\u672c\u5347\u7ea7\u201d\uff0c\u800c\u662f\u6574\u4e2a\u94fe\u4e0a\u7ed3\u6784\u5012\u903c\u5b83\u505a\u51fa\u9002\u5e94\u6027\u7684\u53d8\u5f62\u3002<\/p>\n<p>\u6700\u5148\u611f\u53d7\u5230\u8fd9\u79cd\u53d8\u5316\u7684\uff0c\u662f\u90e8\u7f72\u5728 Layer 2 \u4e0a\u7684DEX\u3002<\/p>\n<p>Arbitrum \u548c Optimism \u4e3b\u7f51\u4e0a\u7ebf\u540e\uff0c\u4ee5\u592a\u574a\u4e0a\u7684\u4ea4\u6613\u9ad8Gas\u6210\u672c\u4e0d\u518d\u662f\u552f\u4e00\u9009\u62e9\uff0cRollup \u7ed3\u6784\u5f00\u59cb\u6210\u4e3a\u65b0\u4e00\u4ee3DEX\u751f\u957f\u7684\u571f\u58e4\u3002GMX \u5728 Arbitrum \u4e0a\u91c7\u7528\u9884\u8a00\u673a\u5b9a\u4ef7+\u6c38\u7eed\u5408\u7ea6\u7684\u6a21\u5f0f\uff0c\u4ee5\u6781\u7b80\u8def\u5f84\u548c\u65e0LP\u6c60\u7684\u7ed3\u6784\uff0c\u56de\u5e94\u4e86\u201cAMM\u4e0d\u8db3\u4ee5\u89e3\u51b3\u6df1\u5ea6\u201d\u7684\u95ee\u9898\u3002\u800c\u5728 Optimism \u4e0a\uff0cVelodrome \u5219\u501f\u52a9 veToken \u6a21\u578b\uff0c\u5c1d\u8bd5\u5728\u534f\u8bae\u95f4\u5efa\u7acb\u8d77\u6d41\u52a8\u6027\u6fc0\u52b1\u7684\u6cbb\u7406\u534f\u8c03\u673a\u5236\u3002\u8fd9\u4e9bDEX\u5df2\u7ecf\u4e0d\u518d\u8ffd\u6c42\u901a\u7528\u6027\uff0c\u800c\u662f\u4ee5\u201c\u751f\u6001\u914d\u5957\u8bbe\u65bd\u201d\u7684\u65b9\u5f0f\u624e\u6839\u4e8e\u7279\u5b9a\u94fe\u4e0a\u3002<\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0c\u53e6\u4e00\u7c7b\u7ed3\u6784\u8865\u4e01\u4e5f\u5728\u540c\u6b65\u6210\u5f62\uff1a\u805a\u5408\u5668\u3002<\/p>\n<p>\u5f53DEX\u53d8\u591a\uff0c\u6d41\u52a8\u6027\u788e\u7247\u5316\u7684\u95ee\u9898\u5f88\u5feb\u653e\u5927\uff0c\u7528\u6237\u5728\u94fe\u4e0a\u201c\u53bb\u54ea\u4ea4\u6613\u201d\u9010\u6e10\u53d8\u6210\u65b0\u7684\u51b3\u7b56\u8d1f\u62c5\u3002\u4ece 2020 \u5e74\u4e0a\u7ebf\u7684 1inch \u5230\u540e\u6765\u7684 Matcha\u3001Jupiter\uff0c\u805a\u5408\u5668\u627f\u62c5\u8d77\u4e00\u79cd\u65b0\u89d2\u8272\uff1a\u5b83\u4eec\u4e0d\u662fDEX\uff0c\u5374\u7edf\u7b79\u4e86\u6240\u6709DEX\u7684\u6d41\u52a8\u6027\u8def\u5f84\u3002\u7279\u522b\u662f Jupiter\uff0c\u5728Solana\u94fe\u4e0a\u7684\u5feb\u901f\u5d1b\u8d77\uff0c\u6b63\u662f\u56e0\u4e3a\u5b83\u7cbe\u51c6\u586b\u8865\u4e86\u8def\u5f84\u6df1\u5ea6\u3001\u8d44\u4ea7\u8df3\u8f6c\u548c\u4ea4\u6613\u4f53\u9a8c\u4e0a\u7684\u7a7a\u767d\u3002<\/p>\n<p>\u4f46DEX\u7684\u7ed3\u6784\u6f14\u5316\u5e76\u672a\u6b62\u6b65\u4e8e\u94fe\u5185\u9002\u914d\u30022021 \u5e74\u4e4b\u540e\uff0cThorChain\u3001Router Protocol \u7b49\u9879\u76ee\u9646\u7eed\u4e0a\u7ebf\uff0c\u63d0\u51fa\u4e86\u66f4\u6fc0\u8fdb\u7684\u547d\u9898\uff1a\u80fd\u5426\u8ba9\u4ea4\u6613\u53cc\u65b9\u6839\u672c\u4e0d\u5728\u4e00\u6761\u94fe\u4e0a\uff0c\u4e5f\u80fd\u5b8c\u6210\u4e92\u6362\uff1f\u8fd9\u7c7b\u201c\u8de8\u94feDEX\u201d\u5f00\u59cb\u5c1d\u8bd5\u901a\u8fc7\u81ea\u5efa\u9a8c\u8bc1\u5c42\u3001\u6d88\u606f\u4e2d\u7ee7\u6216\u865a\u62df\u6d41\u52a8\u6027\u6c60\u7b49\u65b9\u5f0f\uff0c\u89e3\u51b3\u94fe\u95f4\u8d44\u4ea7\u6d41\u901a\u95ee\u9898\u3002\u867d\u7136\u534f\u8bae\u7ed3\u6784\u8fdc\u6bd4\u5355\u94feDEX\u590d\u6742\u5f97\u591a\uff0c\u4f46\u5b83\u4eec\u7684\u51fa\u73b0\u91ca\u653e\u51fa\u4e00\u4e2a\u4fe1\u53f7\uff1aDEX \u7684\u6f14\u5316\u8def\u5f84\uff0c\u5df2\u7ecf\u8131\u79bb\u67d0\u6761\u516c\u94fe\uff0c\u800c\u8d70\u5411\u94fe\u95f4\u534f\u8bae\u534f\u540c\u7684\u65f6\u4ee3\u3002<\/p>\n<p>\u8fd9\u4e00\u9636\u6bb5\u7684 DEX \u5f88\u96be\u518d\u7528\u201c\u7c7b\u578b\u201d\u6765\u5f52\u7c7b\uff1a\u5b83\u53ef\u80fd\u662f\u6d41\u52a8\u6027\u5165\u53e3\uff081inch\uff09\uff0c\u4e5f\u53ef\u80fd\u662f\u534f\u8bae\u534f\u8c03\u5668\uff08Velodrome\uff09\uff0c\u66f4\u53ef\u80fd\u662f\u94fe\u95f4\u4e92\u6362\u673a\u5236\uff08ThorChain\uff09\u3002\u5b83\u4eec\u4e0d\u50cf\u4e0a\u4e00\u4ee3\u90a3\u6837\u201c\u8bbe\u8ba1\u51fa\u6765\u201d\uff0c\u800c\u66f4\u50cf\u662f\u201c\u88ab\u7ed3\u6784\u6324\u51fa\u6765\u201d\u7684\u3002<\/p>\n<p>\u5230\u4e86\u8fd9\u4e00\u6b65\uff0cDEX \u5df2\u4e0d\u4ec5\u662f\u4e00\u4e2a\u5de5\u5177\uff0c\u66f4\u662f\u4e00\u79cd\u73af\u5883\u53cd\u5e94\u2014\u2014\u4e00\u4e2a\u7528\u6765\u627f\u63a5\u7f51\u7edc\u7ed3\u6784\u53d8\u8fc1\u3001\u8d44\u4ea7\u8de8\u94fe\u8df3\u8f6c\u3001\u534f\u8bae\u95f4\u6fc0\u52b1\u535a\u5f08\u7684\u9002\u914d\u6027\u4ea7\u7269\u3002\u5b83\u4e0d\u518d\u662f\u201c\u4ea7\u54c1\u66f4\u65b0\u201d\uff0c\u800c\u662f\u201c\u7ed3\u6784\u6f14\u8fdb\u201d\u7684\u4f53\u73b0\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/images\/m447qJFE6d.png\" alt=\"\u4e3a\u4ec0\u4e48\u6bcf\u4e2aWeb3\u9879\u76ee\u90fd\u9003\u4e0d\u8fc7DEX\uff1f\u4e00\u90e8\u4e94\u5e74\u53d1\u5c55\u53f2\u544a\u8bc9\u4f60\u7b54\u6848\" \/><\/p>\n<h3 id=\"heading-\u4e8c\u5f53\u5b9a\u4ef7\u6d41\u52a8\u6027\u4e0e\u53d9\u4e8b\u4ea4\u6c47dex\u5982\u4f55\u8d70\u8fdblaunch\"><strong>\u4e8c\u3001\u5f53\u5b9a\u4ef7\u3001\u6d41\u52a8\u6027\u4e0e\u53d9\u4e8b\u4ea4\u6c47\uff1aDEX\u5982\u4f55\u201c\u8d70\u8fdb\u201dLaunch<\/strong><\/h3>\n<p>\u56de\u987e\u524d\u56db\u4ee3DEX\u7684\u53d1\u5c55\u8def\u5f84\uff0c\u4e0d\u96be\u53d1\u73b0\u4e00\u4ef6\u4e8b\uff1a\u5b83\u4eec\u4e4b\u6240\u4ee5\u6301\u7eed\u6f14\u5316\uff0c\u4ece\u672a\u662f\u56e0\u4e3a\u67d0\u4e2a\u529f\u80fd\u8bbe\u8ba1\u5f97\u66f4\u5de7\uff0c\u800c\u662f\u5b83\u4eec\u4e0d\u65ad\u5728\u56de\u5e94\u94fe\u4e0a\u7684\u771f\u5b9e\u9700\u6c42\u2014\u2014\u4ece\u64ae\u5408\u3001\u505a\u5e02\uff0c\u5230\u805a\u5408\u3001\u8de8\u94fe\uff0cDEX\u6bcf\u4e00\u6b21\u8f6c\u578b\uff0c\u80cc\u540e\u90fd\u662f\u4e00\u4e2a\u7ed3\u6784\u6027\u7a7a\u7f3a\u7684\u81ea\u7136\u586b\u8865\u3002<\/p>\n<p>\u5230\u4e86\u8fd9\u4e00\u9636\u6bb5\uff0cDEX \u5df2\u4e0d\u518d\u662f\u67d0\u6761\u94fe\u4e0a\u7684\u4e00\u4e2a\u201c\u529f\u80fd\u70b9\u201d\uff0c\u5b83\u66f4\u50cf\u662f\u94fe\u4e0a\u7ed3\u6784\u53d8\u5316\u540e\u7684\u201c\u9ed8\u8ba4\u9002\u914d\u5c42\u201d\u3002\u4e0d\u7ba1\u662f\u9879\u76ee\u60f3\u505a\u6fc0\u52b1\u3001\u534f\u8bae\u8981\u5f15\u6d41\u3001\u8de8\u94fe\u60f3\u805a\u5408\uff0cDEX \u90fd\u5728\u5176\u4e2d\u626e\u6f14\u4e86\u8d8a\u6765\u8d8a\u591a\u201c\u8c03\u5ea6\u201d\u4e0e\u201c\u534f\u8c03\u201d\u7684\u89d2\u8272\u3002<\/p>\n<p>\u4f46\u5f53\u5b83\u627f\u62c5\u7684\u89d2\u8272\u8d8a\u6765\u8d8a\u591a\uff0cDEX \u4e5f\u5c31\u4e0d\u53ef\u907f\u514d\u5730\u78b0\u4e0a\u4e86\u53e6\u4e00\u4e2a\u65e9\u5df2\u5b58\u5728\u3001\u4f46\u4e00\u76f4\u7f3a\u4f4d\u7684\u7ed3\u6784\u56f0\u5883\uff1a<\/p>\n<p>\u4e0a CEX\uff0c\u9700\u8981\u4e0a\u5e01\u3001\u8c08\u8d44\u6e90\u3001\u62c9\u793e\u533a\uff1b\u4e0a\u7ebf\u94fe\u4e0a\uff0c\u8981\u5efa\u6c60\u3001\u627e\u6d41\u52a8\u6027\u3001\u5f15\u53d1\u73b0\u8d27\u6d41\u901a\u3002\u8fd9\u4e9b\u770b\u4f3c\u5206\u6563\u7684\u95ee\u9898\uff0c\u6700\u7ec8\u90fd\u6c47\u805a\u6210\u4e00\u4e2a\u6838\u5fc3\u96be\u9898\uff1a<strong>\u65b0\u9879\u76ee\u51b7\u542f\u52a8\u8fd9\u4ef6\u4e8b\uff0c\u8c01\u6765\u7ed9\u9879\u76ee\u63d0\u4f9b\u542f\u52a8\u7ed3\u6784\uff1f<\/strong><\/p>\n<p>\u8981\u77e5\u9053\u5728\u65e9\u671f\u7684\u52a0\u5bc6\u5e02\u573a\u4e2d\uff0cLaunch \u5f80\u5f80\u662f\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u4e3b\u5bfc\u7684\u4e00\u79cd\u8d44\u6e90\u64cd\u4f5c\uff1a\u4e0a\u5e01\u8282\u594f\u3001\u4ef7\u683c\u5f15\u5bfc\u3001\u7528\u6237\u5206\u53d1\u3001\u5ba3\u4f20\u8282\u70b9\uff0c\u5168\u90fd\u7531\u5e73\u53f0\u63a7\u5236\u3002\u8fd9\u79cd\u6a21\u5f0f\u867d\u7136\u9ad8\u6548\uff0c\u4f46\u4e5f\u5e26\u6765\u4e86\u51c6\u5165\u95e8\u69db\u9ad8\u3001\u900f\u660e\u5ea6\u4e0d\u8db3\u3001\u4e2d\u5fc3\u5316\u6743\u529b\u8fc7\u91cd\u7b49\u95ee\u9898\u3002<\/p>\n<p>\u800c\u5f53 DEX \u9010\u6b65\u638c\u63e1\u4e86\u5b9a\u4ef7\u3001\u6d41\u52a8\u6027\u3001\u7528\u6237\u52a8\u5458\u4e0e\u793e\u7fa4\u673a\u5236\uff0c\u5b83\u5f00\u59cb\u5728\u7ed3\u6784\u4e0a\u5177\u5907\u4e86\u627f\u63a5 Launch \u6240\u9700\u5168\u90e8\u8981\u7d20\u7684\u80fd\u529b\u2014\u2014\u800c\u8fd9\u4e00\u5207\uff0c\u5e76\u4e0d\u662f\u56e0\u4e3a DEX \u60f3\u505a Launch\uff0c\u800c\u662f\u5b83\u5728\u529f\u80fd\u548c\u751f\u6001\u6f14\u5316\u4e2d\uff0c\u987a\u7406\u6210\u7ae0\u5730\u751f\u957f\u51fa\u4e86 Launch \u7684\u5f62\u72b6\u3002<\/p>\n<p>\u5b83\u4e5f\u4ece\u672a\u201c\u5ba3\u5e03\u201d\u8fc7\u8981\u8fdb\u5165\u4e00\u7ea7\u5e02\u573a\u878d\u8d44\u573a\u666f\uff0c\u4f46\u5386\u53f2\u8fdb\u5c55\u5230\u67d0\u4e2a\u9636\u6bb5\uff0cDEX \u5374\u81ea\u7136\u627f\u63a5\u4e86\u9879\u76ee\u51b7\u542f\u52a8\u7684\u4e09\u5927\u6838\u5fc3\u7ed3\u6784\uff1a<strong>\u6d41\u52a8\u6027\u3001\u5b9a\u4ef7\u3001\u793e\u533a\u3002<\/strong><\/p>\n<p>\u8fd9\u5e76\u975e\u4e00\u79cd\u4ea7\u54c1\u6218\u7565\uff0c\u800c\u662f\u4e00\u79cd\u7ed3\u6784\u903b\u8f91\u7684\u5916\u6ea2\u7ed3\u679c\u3002<\/p>\n<p>Uniswap \u5f15\u5165 AMM \u540e\uff0c\u6211\u4eec\u7b2c\u4e00\u6b21\u770b\u5230\u4e86\u65e0\u9700\u6302\u5355\u3001\u65e0\u9700\u64ae\u5408\u65b9\u7684\u4ef7\u683c\u53d1\u73b0\u673a\u5236\u3002\u6362\u53e5\u8bdd\u8bf4\uff0cDEX \u8ba9\u201c\u5e02\u573a\u5171\u8bc6\u201d\u53d8\u6210\u4e86\u201c\u94fe\u4e0a\u51fd\u6570\u201d\uff0c\u4ef7\u683c\u5f62\u6210\u4e0d\u518d\u4f9d\u8d56\u64ae\u5408\uff0c\u800c\u662f\u76f4\u63a5\u7531\u8d44\u4ea7\u6c60\u7684\u4f9b\u9700\u5173\u7cfb\u51b3\u5b9a\u3002\u800c\u8fd9\u5957\u5b9a\u4ef7\u7ed3\u6784\uff0c\u6070\u6070\u662f\u9879\u76ee\u51b7\u542f\u52a8\u6700\u96be\u89e3\u51b3\u7684\u95ee\u9898\u4e4b\u4e00\uff1a\u5f53\u4e00\u4e2a\u4ee3\u5e01\u521a\u4e0a\u7ebf\u3001\u6ca1\u6709\u6d41\u52a8\u6027\u3001\u6ca1\u6709\u4e8c\u7ea7\u4ea4\u6613\u6df1\u5ea6\u65f6\uff0c\u5b83\u6700\u9700\u8981\u7684\uff0c\u6b63\u662f\u4e00\u5957\u81ea\u52a8\u7684\u3001\u65e0\u9700\u8bb8\u53ef\u7684\u4ef7\u683c\u53d1\u73b0\u673a\u5236\u3002<\/p>\n<p>\u7d27\u63a5\u7740\uff0c\u6d41\u52a8\u6027\u6c60\u6210\u4e3a\u4e86\u65e9\u671f\u6fc0\u52b1\u7684\u5206\u53d1\u901a\u9053\u3002\u9879\u76ee\u65b9\u5c06\u4ee3\u5e01\u4e0e\u4e3b\u6d41\u8d44\u4ea7\uff08\u5982ETH\u3001USDC\uff09\u6ce8\u5165\u6c60\u4e2d\uff0c\u7528\u6c60\u5b50\u7684\u6df1\u5ea6\u6765\u652f\u6491\u65e9\u671f\u4ef7\u683c\u7a33\u5b9a\u6027\uff0c\u540c\u65f6\u901a\u8fc7\u4ea4\u6613\u624b\u7eed\u8d39\u4e0e\u6d41\u52a8\u6027\u6316\u77ff\u7b49\u65b9\u5f0f\u5f15\u5bfc\u7528\u6237\u52a0\u5165\u6d41\u52a8\u6027\u63d0\u4f9b\u3002\u7528\u6237\u4e0d\u662f\u201c\u6295\u8d44\u8005\u201d\uff0c\u800c\u662f\u201c\u53c2\u4e0e\u8005\u201d\uff1b\u9879\u76ee\u4e0d\u662f\u201c\u53d1\u5e01\u201d\uff0c\u800c\u662f\u201c\u91ca\u653e\u6c60\u5b50\u201d\u3002<\/p>\n<p>\u4ee5 Raydium \u4e3a\u4f8b\uff0c\u8fd9\u79cd\u201cDEX\u5373Launch\u5e73\u53f0\u201d\u7684\u903b\u8f91\u4f53\u73b0\u5f97\u5c24\u4e3a\u76f4\u63a5\u3002\u5b83\u5728 Solana \u4e0a\u4e0d\u4ec5\u662f\u4e00\u4e2a\u6d41\u52a8\u6027\u534f\u8bae\uff0c\u8fd8\u5d4c\u5165\u4e86 AcceleRaytor \u6a21\u5757\uff0c\u5141\u8bb8\u9879\u76ee\u901a\u8fc7\u6d41\u52a8\u6027\u6c60 + \u521d\u59cb\u53d1\u552e\u7684\u65b9\u5f0f\u8fdb\u884c\u94fe\u4e0a\u51b7\u542f\u52a8\u3002\u6ca1\u6709\u590d\u6742\u7684\u5ba1\u6838\u6d41\u7a0b\uff0c\u6ca1\u6709\u4e2d\u4ecb\u5e73\u53f0\u63a7\u5236\u4e0a\u5e01\u8282\u594f\uff0c\u751a\u81f3\u6ca1\u6709\u5f3a\u5236\u7684KYC\u95e8\u69db\u3002\u6240\u6709\u4eba\u90fd\u53ef\u4ee5\u901a\u8fc7 Raydium \u63d0\u524d\u8ba4\u8d2d\u4efd\u989d\u3001\u62a2\u5148\u4ea4\u6613\uff0c\u5e76\u5728\u4e00\u7ea7\u4ef7\u683c\u53d8\u52a8\u4e2d\u8fdb\u884c\u535a\u5f08\u3002<\/p>\n<p>AMM \u4e0d\u4ec5\u505a\u4e86\u6d41\u52a8\u6027\u548c\u5b9a\u4ef7\uff0c\u8fd8\u5728\u67d0\u79cd\u610f\u4e49\u4e0a\u91cd\u6784\u4e86\u793e\u533a\u52a8\u5458\uff1aDEX \u7684\u4ea4\u6613\u903b\u8f91\u5929\u7136\u662f\u53ef\u7ec4\u5408\u3001\u53ef\u53c2\u4e0e\u3001\u53ef\u5171\u5efa\u7684\u3002\u8fd9\u4e5f\u610f\u5473\u7740\u9879\u76ee\u4ece\u4e0a\u7ebf\u7b2c\u4e00\u5929\u8d77\uff0c\u5c31\u5904\u5728\u4e00\u79cd\u793e\u533a\u4e0e\u4ea4\u6613\u673a\u5236\u4ea4\u7ec7\u7684\u73af\u5883\u4e2d\uff0c\u53d1\u5e01\u53d8\u6210\u4e86\u4e00\u79cd\u793e\u4ea4\u5f0f\u91ca\u653e\u3002<\/p>\n<p>\u4e8e\u662f\uff0cDEX \u4e0d\u518d\u662f\u4e00\u7ea7\u5e02\u573a\u7684\u201c\u5206\u53d1\u901a\u9053\u201d\u6216\u201c\u540e\u94fe\u5de5\u5177\u201d\uff0c\u800c\u662f\u4ece\u6839\u7ed3\u6784\u4e0a\u627f\u63a5\u4e86 Launch \u7684\u5168\u90e8\u5173\u952e\u8def\u5f84\u3002\u5b83\u4e0d\u9760\u6258\u7ba1\uff0c\u4e0d\u9760\u5ba3\u4f20\uff0c\u4e0d\u9760\u6743\u9650\u63a7\u5236\uff0c\u4ec5\u9760\u673a\u5236\u672c\u8eab\uff0c\u5c31\u628a\u4e00\u4e2a\u9879\u76ee\u7684\u65e9\u671f\u53d1\u884c\u95ed\u73af\u505a\u4e86\u51fa\u6765\u3002<\/p>\n<p>\u4e5f\u56e0\u6b64\uff0cLaunch \u5e76\u4e0d\u662f DEX \u7684\u201c\u529f\u80fd\u6a21\u5757\u201d\uff0c\u800c\u66f4\u50cf\u662f\u5b83\u5929\u7136\u957f\u51fa\u6765\u7684\u4e00\u5757\u7ed3\u6784\u526f\u4ea7\u54c1\u3002DEX \u4f5c\u4e3a\u4e00\u79cd\u53bb\u4e2d\u5fc3\u5316\u4ea4\u6613\u673a\u5236\uff0c\u5f53\u5b83\u88ab\u7528\u4e8e\u9879\u76ee\u521d\u671f\uff0c\u5b83\u81ea\u7136\u4e5f\u5c31\u53d8\u6210\u4e86\u4e00\u7ea7\u5e02\u573a\u7684\u843d\u5730\u70b9\u3002<\/p>\n<p><img decoding=\"async\" style=\"margin-left: auto;margin-right: auto\" src=\"https:\/\/cdn-img.panewslab.com\/panews\/images\/2iKp6V2M1N.png\" alt=\"\u4e3a\u4ec0\u4e48\u6bcf\u4e2aWeb3\u9879\u76ee\u90fd\u9003\u4e0d\u8fc7DEX\uff1f\u4e00\u90e8\u4e94\u5e74\u53d1\u5c55\u53f2\u544a\u8bc9\u4f60\u7b54\u6848\" \/><\/p>\n<h3 id=\"heading-\u4e09\u4ece\u5206\u53d1\u5230\u8bbe\u8ba1launch\u673a\u5236\u7684\u94fe\u4e0a\u91cd\u5199\"><strong>\u4e09\u3001\u4ece\u5206\u53d1\u5230\u8bbe\u8ba1\uff1aLaunch\u673a\u5236\u7684\u94fe\u4e0a\u91cd\u5199<\/strong><\/h3>\n<p>\u6700\u65e9\u671f\u7684 Launch \u6a21\u5f0f\u5176\u5b9e\u975e\u5e38\u7b80\u5355\u2014\u2014\u53ea\u8981\u6c60\u5b50\u4e00\u5f00\uff0c\u4ee3\u5e01\u5c31\u7b97\u4e0a\u7ebf\u4e86\u3002<\/p>\n<p>Uniswap \u4e0a\u7684\u201c\u81ea\u7531\u4e0a\u7ebf\u201d\u673a\u5236\u50ac\u751f\u4e86\u6700\u65e9\u4e00\u6279IDO\uff08Initial DEX Offering\uff09\u9879\u76ee\uff1a\u9879\u76ee\u65b9\u5c06\u4ee3\u5e01\u76f4\u63a5\u6ce8\u5165\u4ea4\u6613\u5bf9\uff0c\u4e0eETH\u6216USDC\u6784\u6210\u6d41\u52a8\u6027\u6c60\uff0c\u7528\u6237\u62a2\u8d2d\u884c\u4e3a\u672c\u8eab\u5c31\u662f\u4e00\u7ea7\u53d1\u884c\u3002\u6ca1\u6709\u6392\u671f\u3001\u6ca1\u6709\u8d44\u683c\u5ba1\u67e5\u3001\u6ca1\u6709\u4e2d\u5fc3\u5316\u63a7\u5236\uff0c\u552f\u4e00\u7684\u95e8\u69db\u5c31\u662f\u94fe\u4e0a\u901f\u5ea6\u548c\u4fe1\u606f\u5dee\u3002<\/p>\n<p>\u8fd9\u79cd\u673a\u5236\u6781\u5927\u91ca\u653e\u4e86\u4ee3\u5e01\u53d1\u884c\u7684\u81ea\u7531\u5ea6\uff0c\u4e5f\u4f34\u968f\u7740\u75af\u72c2\u7684\u6ed1\u70b9\u3001\u62a2\u8dd1\u673a\u5668\u4eba\u3001\u4ef7\u683c\u951a\u5b9a\u7f3a\u5931\u7b49\u95ee\u9898\u3002\u6574\u4e2a\u6d41\u7a0b\u66f4\u50cf\u662f\u4e00\u573a\u5f00\u653e\u7684\u6295\u673a\u51b2\u523a\uff0c\u800c\u975e\u771f\u6b63\u610f\u4e49\u4e0a\u7684\u878d\u8d44\u8bbe\u8ba1\u3002<\/p>\n<p>\u968f\u7740\u95ee\u9898\u66b4\u9732\uff0c\u4e00\u4e9b\u9879\u76ee\u5f00\u59cb\u5c1d\u8bd5\u66f4\u53ef\u63a7\u7684\u673a\u5236\uff0c\u6bd4\u5982Balancer LBP\uff08Liquidity Bootstrapping Pool\uff09\u3002<\/p>\n<p>LBP \u7684\u6838\u5fc3\u903b\u8f91\u662f\u5728\u4e0a\u7ebf\u521d\u671f\u4eba\u4e3a\u8bbe\u5b9a\u6781\u7aef\u7684\u521d\u59cb\u4ef7\u683c\u6743\u91cd\uff08\u4f8b\u5982\uff1a90%\u4ee3\u5e01 \/ 10% USDC\uff09\uff0c\u5e76\u968f\u7740\u65f6\u95f4\u63a8\u8fdb\u9010\u6b65\u8c03\u6574\u4e3a\u6b63\u5e38\u6bd4\u4f8b\u3002\u4ef7\u683c\u5728\u673a\u5236\u8bbe\u8ba1\u4e0b\u81ea\u52a8\u4e0b\u884c\uff0c\u610f\u56fe\u6291\u5236\u65e9\u671fFOMO\u548c\u673a\u5668\u4eba\u62a2\u8dd1\u3002<\/p>\n<p>\u7406\u8bba\u4e0a\uff0c\u5b83\u8ba9\u4ef7\u683c\u8d8b\u4e8e\u7406\u6027\uff0c\u7ed9\u7528\u6237\u66f4\u5e73\u7b49\u7684\u53c2\u4e0e\u673a\u4f1a\u3002\u4f46\u5728\u5b9e\u9645\u64cd\u4f5c\u4e2d\uff0cLPB \u7684\u6297\u6355\u6349\u6027\u4f9d\u7136\u6709\u9650\uff0c\u4e14\u4ef7\u683c\u66f2\u7ebf\u8bbe\u8ba1\u96be\u5ea6\u8f83\u9ad8\uff0c\u5bf9\u7528\u6237\u6559\u80b2\u95e8\u69db\u4e5f\u4e0d\u4f4e\u3002<strong>\u5b83\u50cf\u662f\u201cDEX\u65f6\u4ee3\u7684\u53ef\u7f16\u7a0b\u8def\u6f14\u201d\uff0c\u4f46\u6ca1\u6709\u771f\u6b63\u89e3\u51b3\u201c\u8c01\u5e94\u8be5\u53c2\u4e0e\u201d\u8fd9\u4e2a\u95ee\u9898\u3002<\/strong><\/p>\n<p>\u53e6\u4e00\u7c7b\u89e3\u51b3\u65b9\u6848\u662fFair Launch\u6a21\u5f0f\uff0c\u4f8b\u5982 Camelot \u5728 Arbitrum \u4e0a\u5b9e\u8df5\u7684\u6a21\u578b\u3002<\/p>\n<p>Fair Launch \u7684\u601d\u8def\u662f\uff1a\u4e0d\u518d\u9884\u8bbe\u4ef7\u683c\uff0c\u800c\u662f\u4ee5\u4e00\u4e2a\u516c\u5f00\u3001\u53ef\u53c2\u4e0e\u7684\u5b58\u5165\u7a97\u53e3\u671f\uff0c\u6765\u96c6\u8d44+\u5b9a\u4ef7+\u5206\u53d1\u3002\u4f60\u6295\u591a\u5c11USDC\uff0c\u6700\u7ec8\u5c31\u80fd\u6309\u6bd4\u4f8b\u83b7\u5f97\u591a\u5c11\u4ee3\u5e01\u3002\u6240\u6709\u4eba\u90fd\u80fd\u53c2\u4e0e\uff0c\u6bd4\u4f8b\u5206\u53d1\u3001\u65e0\u9700\u62a2\u8d2d\uff0c\u542c\u8d77\u6765\u66f4\u201c\u516c\u5e73\u201d\u3002<\/p>\n<p>**\u4f46\u771f\u6b63\u7684\u6311\u6218\u5728\u4e8e\uff1a\u201c\u516c\u5e73\u201d\u5bf9\u8c01\uff1f\u5bf9\u6563\u6237\u800c\u8a00\uff0c\u4ef7\u683c\u951a\u70b9\u7f3a\u5931\u3001\u65e0\u9000\u51fa\u673a\u5236\uff0c\u4f9d\u7136\u5b58\u5728\u53c2\u4e0e\u98ce\u9669\uff1b\u5bf9\u9879\u76ee\u65b9\u800c\u8a00\uff0c\u7b79\u8d44\u6548\u7387\u4e0d\u7a33\u5b9a\u3001\u5e02\u573a\u6df1\u5ea6\u4e0d\u53ef\u63a7\uff0c\u672a\u5fc5\u6bd4\u4f20\u7edfIDO\u66f4\u4f18\u3002**Fair Launch \u66f4\u591a\u4f53\u73b0\u7684\u662f\u4e00\u79cd\u201c\u6cbb\u7406\u54f2\u5b66\u201d\u7684\u8868\u8fbe\uff0c\u800c\u975e\u7ed3\u6784\u6027\u6548\u7387\u7684\u6539\u8fdb\u3002<\/p>\n<p>\u540c\u65f6\uff0c\u5728 Jupiter\u3001Velodrome \u7b49\u66f4\u6fc0\u8fdb\u7684 DEX \u4e2d\uff0c\u6211\u4eec\u5f00\u59cb\u770b\u5230\u4e00\u4e9b\u673a\u5236\u4e0e\u534f\u8bae\u5185\u90e8\u7684\u6cbb\u7406\u7ed3\u6784\u6df1\u5ea6\u7ed1\u5b9a\uff1a<\/p>\n<ul>\n<li>\n<p>Jupiter \u7684 LFG \u6d3b\u52a8\u5f15\u5165\u6301\u4ed3\u95e8\u69db\u4e0e\u4ea4\u4e92\u524d\u7f6e\uff0c\u5c06\u201c\u8d44\u683c\u201d\u53d8\u6210\u4e00\u79cd\u94fe\u4e0a\u884c\u4e3a\u8bc1\u660e\uff1b<\/p>\n<\/li>\n<li>\n<p>Velodrome \u901a\u8fc7 veNFT + bribe \u673a\u5236\uff0c\u8ba9\u6d41\u52a8\u6027\u6fc0\u52b1\u6743\u5229\u53d8\u6210\u4e00\u79cd\u534f\u8bae\u95f4\u6295\u7968\u4e0e\u534f\u5546\u8fc7\u7a0b\uff0c\u9879\u76ee\u4e0a\u7ebf\u4e0d\u53ea\u662f\u53d1\u5e01\uff0c\u800c\u662f\u201c\u8fdb\u5165\u6d41\u52a8\u6027\u6cbb\u7406\u535a\u5f08\u201d\u3002<\/p>\n<\/li>\n<\/ul>\n<p>\u8fd9\u4e9b\u673a\u5236\u7684\u5171\u901a\u70b9\u662f\uff1aLaunch \u4e0d\u518d\u662f\u201c\u53d1\u884c-\u8d2d\u4e70\u201d\u7684\u52a8\u4f5c\uff0c\u800c\u662f\u4e00\u79cd\u7ed3\u6784\u5173\u7cfb\u7684\u91cd\u6784\u3002<\/p>\n<p>\u9879\u76ee\u4e0a\u7ebf\uff0c\u4e0d\u53ea\u662f\u4ea4\u6613\u5f00\u59cb\u7684\u4fe1\u53f7\uff0c\u800c\u662f\u8fdb\u5165 DEX \u7684\u6cbb\u7406\u7ed3\u6784\u3001\u7528\u6237\u4f53\u7cfb\u3001\u6d41\u52a8\u6027\u5206\u5e03\u7684\u5206\u5c42\u5171\u8bc6\u8fc7\u7a0b\u3002\u4f60\u4e0d\u662f\u5728\u4ea4\u6613\u4f60\u4e70\u7684\u5e01\uff0c\u800c\u662f\u5728\u4ea4\u6613\u4f60\u5373\u5c06\u52a0\u5165\u7684\u7f51\u7edc\u79e9\u5e8f\u3002<\/p>\n<p>\u4f46\u8fd9\u4e5f\u5e26\u6765\u66f4\u590d\u6742\u7684\u98ce\u9669\uff1a\u673a\u5668\u4eba\u5957\u5229\u3001\u793e\u7fa4\u9884\u671f\u64cd\u7eb5\u3001\u9ed1\u76d2\u4ef7\u683c\u8bbe\u8ba1\u3001\u6d41\u52a8\u6027\u8bf1\u5bfc\u653b\u51fb\u7b49\u95ee\u9898\u5c42\u51fa\u4e0d\u7a77\u3002\u673a\u5236\u8d8a\u7cbe\u5de7\uff0c\u8bbe\u8ba1\u8005\u7684\u201c\u4e0a\u5e1d\u89c6\u89d2\u201d\u8d8a\u591a\uff0c\u7528\u6237\u6240\u80fd\u7406\u89e3\u548c\u63a7\u5236\u7684\u8d8a\u5c11\u3002<\/p>\n<p>Launch\uff0c\u4e0d\u518d\u662f\u4e00\u4e2a\u4e8b\u4ef6\uff0c\u66f4\u50cf\u662f\u4e00\u4e2a\u52a8\u6001\u7cfb\u7edf\u3002\u5b83\u4e0d\u53ea\u544a\u8bc9\u4f60\u201c\u600e\u4e48\u53d1\u5e01\u201d\uff0c\u5b83\u4e5f\u9690\u542b\u4e86\u9879\u76ee\u5982\u4f55\u7ec4\u7ec7\u6cbb\u7406\u3001\u5206\u914d\u6d41\u52a8\u6027\u3001\u5f15\u5bfc\u7528\u6237\u5fc3\u667a\u7684\u57fa\u672c\u65b9\u6cd5\u8bba\u3002<\/p>\n<figure><\/figure>\n<h3 id=\"heading-\u56dbdex\u7684\u672a\u6765\u63a8\u6d4b\u4ece\u6d41\u52a8\u6027\u8bbe\u65bd\u5230\u5171\u8bc6\u542f\u52a8\u5668\u7684\u8fed\u4ee3\u8fdb\u5316\"><strong>\u56db\u3001DEX\u7684\u672a\u6765\u63a8\u6d4b\uff1a\u4ece\u6d41\u52a8\u6027\u8bbe\u65bd\u5230\u5171\u8bc6\u542f\u52a8\u5668\u7684\u8fed\u4ee3\u8fdb\u5316<\/strong><\/h3>\n<p>\u5982\u679c\u8bf4\u65e9\u671f\u7684 DEX \u662f\u4e3a\u4e86\u8ba9\u94fe\u4e0a\u4ea4\u6613\u6210\u4e3a\u53ef\u80fd\uff0c\u90a3\u4e48\u7ecf\u5386\u4e86\u4e94\u5e74\u6f14\u5316\u4e4b\u540e\u7684\u4eca\u5929\uff0cDEX \u6b63\u5728\u6162\u6162\u903c\u8fd1\u53e6\u4e00\u4e2a\u95ee\u9898\uff1a\u9664\u4e86\u4ea4\u6613\uff0c\u5b83\u8fd8\u80fd\u542f\u52a8\u4ec0\u4e48\uff1f<\/p>\n<p>Launch \u673a\u5236\u7684\u81ea\u7136\u751f\u957f\uff0c\u5df2\u7ecf\u8ba9DEX\u4ece\u4e00\u4e2a\u64ae\u5408\u8d44\u4ea7\u6d41\u901a\u7684\u5e73\u53f0\uff0c\u8f6c\u5411\u4e86\u627f\u63a5\u9879\u76ee\u3001\u5f15\u5bfc\u6d41\u52a8\u6027\u3001\u91cd\u5851\u521d\u671f\u5171\u8bc6\u7684\u67a2\u7ebd\u3002\u4f46\u6b63\u56e0\u4e3a\u5982\u6b64\uff0c\u5f53\u8d8a\u6765\u8d8a\u591a\u7684\u9879\u76ee\u9009\u62e9\u5728DEX\u4e0a\u8d77\u6b65\uff0cDEX \u672c\u8eab\u4e5f\u6b63\u5728\u9762\u4e34\u65b0\u7684\u7cfb\u7edf\u6027\u6311\u6218\uff1a<strong>\u8c01\u5e94\u8be5\u6709\u6743\u53c2\u4e0eLaunch\uff1f\u5982\u4f55\u7b5b\u9009\u771f\u5b9e\u7528\u6237\uff1f\u5982\u4f55\u907f\u514d\u6d41\u52a8\u6027\u6b3a\u8bc8\uff1f<\/strong><\/p>\n<p>\u5728\u8fd9\u79cd\u538b\u529b\u4e0b\uff0c\u4e00\u79cd\u66f4\u7ec6\u7c92\u5ea6\u7684\u53c2\u4e0e\u673a\u5236\u4f3c\u4e4e\u6b63\u5728\u88ab\u50ac\u751f\u3002<\/p>\n<p>\u94fe\u4e0a\u8eab\u4efd\u7cfb\u7edf\uff0c\u7279\u522b\u662f\u57fa\u4e8e ZK\uff08\u96f6\u77e5\u8bc6\u8bc1\u660e\uff09\u6280\u672f\u6784\u5efa\u7684\u58f0\u8a89\u673a\u5236\uff0c\u6210\u4e3a\u53ef\u80fd\u7684\u7b54\u6848\u3002\u4e0d\u50cf\u4f20\u7edfKYC\u90a3\u6837\u9700\u8981\u66b4\u9732\u9690\u79c1\uff0cZK\u8eab\u4efd\u5141\u8bb8\u7528\u6237\u8bc1\u660e\u81ea\u5df1\u6ee1\u8db3\u67d0\u4e9b\u6761\u4ef6\uff08\u6bd4\u5982\u6301\u4ed3\u65f6\u957f\u3001\u94fe\u4e0a\u4ea4\u4e92\u5386\u53f2\u3001\u67d0\u534f\u8bae\u53c2\u4e0e\u5ea6\uff09\u800c\u4e0d\u6cc4\u9732\u5177\u4f53\u4fe1\u606f\u3002Launch\u4e0d\u518d\u662f\u7b80\u5355\u5730\u201c\u62a2\u201d\uff0c\u800c\u662f\u57fa\u4e8e\u94fe\u4e0a\u884c\u4e3a\u548c\u58f0\u8a89\u7684\u7b5b\u9009\u8fc7\u7a0b\u3002<\/p>\n<p>\u5982\u679c\u8fd9\u79cd\u7ed3\u6784\u6210\u7acb\uff0c\u672a\u6765\u7684DEX Launch\uff0c\u53ef\u80fd\u4e0d\u518d\u662f\u201c\u653e\u5f00\u5927\u95e8\u3001\u8c01\u5feb\u8c01\u4e0a\u201d\uff0c\u800c\u662f\u6f14\u53d8\u4e3a\u4e00\u79cd\u94fe\u4e0a\u8d44\u5386\u8bc1\u660e+\u7ed3\u6784\u5316\u53c2\u4e0e\u5206\u914d\u7684\u65b0\u6a21\u578b\u3002\u521d\u671f\u51b7\u542f\u52a8\u7684\u4ee3\u5e01\uff0c\u4e5f\u8bb8\u53ea\u4f1a\u53d1\u5230\u90a3\u4e9b\u771f\u6b63\u7b26\u5408\u7279\u5b9a\u793e\u533a\u6807\u51c6\u7684\u4eba\u624b\u4e2d\u3002<\/p>\n<p>\u66f4\u8fdc\u4e00\u6b65\u63a8\u6d4b\uff0cDEX \u751a\u81f3\u53ef\u80fd\u53d1\u5c55\u51fa\u67d0\u79cd\u201c\u94fe\u4e0aYC\u201d\u578b\u7ed3\u6784\u3002<\/p>\n<p>YC\uff08Y Combinator\uff09\u5728Web2\u4e16\u754c\u627f\u62c5\u4e86\u7b5b\u9009\u3001\u6295\u8d44\u3001\u5b75\u5316\u65e9\u671f\u9879\u76ee\u7684\u89d2\u8272\u3002\u800c\u5728DEX\u9886\u57df\uff0c\u5f53\u5b9a\u4ef7\u673a\u5236\u3001\u6d41\u52a8\u6027\u5206\u53d1\u3001\u7528\u6237\u7b5b\u9009\u3001\u6fc0\u52b1\u5f15\u5bfc\u8fd9\u4e9b\u7ec4\u4ef6\u9010\u6e10\u6210\u719f\u540e\uff0cDEX\u5b8c\u5168\u6709\u53ef\u80fd\u6210\u4e3aWeb3\u9879\u76ee\u51b7\u542f\u52a8\u7684\u4e00\u4f53\u5316\u5e73\u53f0\u2014\u2014\u65e2\u662f\u8d44\u91d1\u6c60\uff0c\u4e5f\u662f\u793e\u7fa4\u5165\u53e3\uff0c\u66f4\u662f\u6d41\u52a8\u6027\u5e02\u573a\u3002<\/p>\n<p>\u5c4a\u65f6\uff0cDEX\u53ef\u80fd\u4e0d\u4ec5\u4ec5\u662f\u4ea4\u6613\u5e73\u53f0\uff0c\u4e5f\u4e0d\u662f\u5355\u7eaf\u7684Launchpad\uff0c\u800c\u662f\u6574\u4e2a\u94fe\u4e0a\u9879\u76ee\u5b75\u5316\u4f53\u7cfb\u7684\u8d77\u70b9\uff1a\u4e00\u4e2a\u94fe\u4e0a\u5171\u8bc6\u7684\u542f\u52a8\u5668\uff08consensus launcher\uff09\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u8fd9\u6761\u8def\u5e76\u4e0d\u4f1a\u7b80\u5355\u3002<\/p>\n<p>\u5f53DEX\u7eb7\u7eb7\u5c06Launch\u529f\u80fd\u5185\u5316\u4e3a\u751f\u6001\u6807\u51c6\u914d\u7f6e\uff0c\u5fc5\u7136\u4e5f\u4f1a\u5e26\u6765\u65b0\u7684\u7ea2\u6d77\u7ade\u4e89\uff1a<\/p>\n<ul>\n<li>\n<p>\u8c01\u80fd\u7b5b\u9009\u51fa\u6700\u4f18\u8d28\u7684\u9879\u76ee\uff1f<\/p>\n<\/li>\n<li>\n<p>\u8c01\u80fd\u5f62\u6210\u6700\u7d27\u5bc6\u7684\u7528\u6237\u793e\u533a\uff1f<\/p>\n<\/li>\n<li>\n<p>\u8c01\u80fd\u63d0\u4f9b\u6700\u6709\u6548\u7684\u6d41\u52a8\u6027\u5f15\u5bfc\u548c\u540e\u7eed\u652f\u6301\uff1f<\/p>\n<\/li>\n<\/ul>\n<p>Launch\uff0c\u4ece\u9879\u76ee\u81ea\u5df1\u7684\u51b7\u542f\u52a8\u95ee\u9898\uff0c\u8f6c\u53d8\u6210\u4e86DEX\u81ea\u5df1\u5fc5\u987b\u56de\u7b54\u7684\u751f\u6b7b\u95ee\u9898\u3002<\/p>\n<p>\u5230\u4e86\u90a3\u4e2a\u65f6\u5019\uff0c\u6211\u4eec\u4e5f\u8bb8\u9700\u8981\u91cd\u65b0\u63d0\u95ee\uff1a<\/p>\n<blockquote>\n<p>\u5982\u679c\u6bcf\u4e2aDEX\u90fd\u53d8\u6210Launch\u5e73\u53f0\uff0c\u90a3\u4e48\uff0cLaunch\u672c\u8eab\u4f1a\u4e0d\u4f1a\u5931\u53bb\u5b83\u66fe\u7ecf\u4ee3\u8868\u7684\u90a3\u4efd\u65e9\u671f\u4fe1\u4efb\uff1f<\/p>\n<\/blockquote>\n<figure><\/figure>\n<h3 id=\"heading-\u4e94\u7ed3\u8bed\u4ece\u81ea\u6258\u7ba1\u5230\u5171\u521b\u91d1\u878d\u7ed3\u6784dex\u56de\u5f52\u7684\u662f\u81ea\u7531\"><strong>\u4e94\u3001\u7ed3\u8bed\uff1a\u4ece\u201c\u81ea\u6258\u7ba1\u201d\u5230\u201c\u5171\u521b\u91d1\u878d\u7ed3\u6784\u201d\uff0cDEX\u56de\u5f52\u7684\u662f\u81ea\u7531<\/strong><\/h3>\n<p>\u5728\u6211\u4eec\u91cd\u65b0\u5ba1\u89c6 DEX \u8fd9\u6761\u8def\u5f84\u65f6\uff0c\u5f88\u5bb9\u6613\u9057\u5fd8\u5b83\u6700\u521d\u8bde\u751f\u7684\u6837\u5b50\u2014\u2014\u4e0d\u90a3\u4e48\u5b9e\u7528\u3001\u4e0d\u90a3\u4e48\u70ed\u95f9\u3001\u4e0d\u90a3\u4e48\u201c\u5e02\u573a\u201d\u3002\u90a3\u662f\u4e00\u4e2a\u7531\u6781\u5ba2\u4e3b\u5bfc\u7684\u5c0f\u5b9e\u9a8c\uff0c\u53ea\u662f\u60f3\u8bc1\u660e\uff1a\u8d44\u4ea7\u4ea4\u6362\u8fd9\u4ef6\u4e8b\uff0c\u4e5f\u53ef\u4ee5\u4e0d\u6258\u7ba1\u3001\u4e0d\u4f9d\u8d56\u5e73\u53f0\u3001\u4e0d\u4f9d\u9760\u4fe1\u4efb\u3002<\/p>\n<p>\u800c\u5982\u4eca\uff0c\u5f53\u6211\u4eec\u770b\u5230\u7684 DEX \u80fd\u627f\u8f7d\u9879\u76ee\u51b7\u542f\u52a8\u3001\u6d41\u52a8\u6027\u6cbb\u7406\u3001\u8de8\u94fe\u8def\u7531\u3001Launch\u7ed3\u6784\uff0c\u751a\u81f3\u6210\u4e3a\u7528\u6237\u8ba4\u77e5\u91d1\u878d\u5165\u53e3\u65f6\uff0c\u53cd\u800c\u66f4\u5e94\u8be5\u56de\u5934\u770b\u6e05\uff1a\u8fd9\u4e00\u5207\u5e76\u4e0d\u662f\u67d0\u4e2a\u9879\u76ee\u4f1f\u5927\u7684\u8bbe\u8ba1\u7ed3\u679c\uff0c\u800c\u662f\u6574\u4e2a\u94fe\u4e0a\u7ed3\u6784\u81ea\u6211\u6f14\u5316\u7684\u4ea7\u7269\u3002<\/p>\n<p>DEX \u5e76\u6ca1\u6709\u201c\u4e3b\u52a8\u5347\u7ea7\u201d\uff0c\u5b83\u53ea\u662f\u4e0d\u65ad\u56de\u5e94\u5468\u56f4\u7cfb\u7edf\u7684\u53d8\u5316\uff0c\u4e0d\u65ad\u627f\u63a5\u7ed3\u6784\u7a7a\u7f3a\u3002\u5b83\u65e2\u6ca1\u6709\u5199\u597d\u8ba1\u5212\u4e66\uff0c\u4e5f\u6ca1\u6709\u753b\u51fa\u660e\u786e\u8fb9\u754c\uff0c\u5374\u5728 AMM\u3001\u805a\u5408\u5668\u3001ZK\u8eab\u4efd\u3001\u6cbb\u7406\u7ed1\u5b9a\u4e2d\uff0c\u4e00\u6b65\u6b65\u628a\u81ea\u5df1\u53d8\u6210\u4e86\u751f\u6001\u7684\u8fde\u63a5\u5668\u4e0e\u542f\u52a8\u5668\u3002<\/p>\n<p>\u5b83\u4ece\u672a\u79bb\u5f00\u4ea4\u6613\uff0c\u4f46\u65e9\u5df2\u4e0d\u6b62\u662f\u4e3a\u4e86\u4ea4\u6613\u3002\u5b83\u4ece\u672a\u9000\u51fa\u4e2d\u5fc3\uff0c\u5374\u6162\u6162\u9000\u5230\u4e86\u7ed3\u6784\u4e4b\u4e2d\u3002<\/p>\n<p>DEX \u7684\u6f14\u5316\uff0c\u4ece\u6765\u4e0d\u662f\u4e00\u6b21\u5b8c\u6210\u7684\u529f\u80fd\u8dc3\u8fc1\uff0c\u800c\u662f\u4e00\u573a\u4ecd\u5728\u7ee7\u7eed\u7684\u534f\u8bae\u91cd\u6784\u3002<\/p>\n<p>\u5728\u8fd9\u4e2a\u8fc7\u7a0b\u4e2d\uff0c\u5b83\u771f\u6b63\u5b88\u4f4f\u7684\uff0c\u5176\u5b9e\u8fd8\u662f\u6700\u521d\u90a3\u4e00\u70b9\u4e1c\u897f\uff1a\u4e0d\u662fToken\uff0c\u4e0d\u662fGas Fee\uff0c\u4e5f\u4e0d\u662f\u6ed1\u70b9\uff0c\u800c\u662f\u2014\u2014\u7528\u6237\u53ef\u4ee5\u5728\u94fe\u4e0a\u81ea\u7531\u5730\u53c2\u4e0e\u3001\u534f\u4f5c\u3001\u5e76\u5851\u9020\u5c5e\u4e8e\u81ea\u5df1\u7684\u91d1\u878d\u79e9\u5e8f\u3002<\/p>\n<p>\u6240\u4ee5\u5f53\u6211\u4eec\u518d\u95ee\uff1a\u201c\u6bcf\u4e2a\u9879\u76ee\u4e3a\u4ec0\u4e48\u90fd\u9003\u4e0d\u8fc7 DEX\uff1f\u201d\u6216\u8bb8\u7b54\u6848\u4e0d\u662f\u201c\u5fc5\u987b\u201d\uff0c\u800c\u662f\u2014\u2014\u9664\u6b64\u4e4b\u5916\uff0c\u6ca1\u6709\u66f4\u597d\u7684\u8d77\u70b9\u3002<\/p>\n<blockquote>\n<p>DEX \u7684\u672a\u6765\uff0c\u4e5f\u8bb8\u4e0d\u5728\u4ea4\u6613\u672c\u8eab\uff0c\u800c\u5728\u5b83\u8ba9\u6211\u4eec\u91cd\u65b0\u5b9a\u4e49\u534f\u4f5c\u7684\u65b9\u5f0f\u3002<\/p>\n<\/blockquote>\n<h3 id=\"heading-\u53c2\u8003\u6587\u732e\"><strong>\u53c2\u8003\u6587\u732e<\/strong><\/h3>\n<p>[1] EtherDelta.A decentralized peer-to-peer cryptocurrency exchange built on Ethereum.<\/p>\n<p>[2] Vitalik Buterin.On Decentralized Exchanges and the Future of Trustless Finance.<\/p>\n<p>[3] Uniswap Team.Uniswap V2 Whitepaper, 2020.<\/p>\n<p>[4] Balancer Labs.Balancer Whitepaper: Automated Portfolio Manager and Trading Platform.<\/p>\n<p>[5] Curve Finance.Technical Documentation, Curve DAO, 2020.<\/p>\n<p>[6] SushiSwap.SushiSwap Migration Plan &amp; Governance Model, Sushi Community, 2020.<\/p>\n<p>[7] Raydium.Raydium Protocol &amp; AcceleRaytor Overview, Solana Ecosystem, 2021.<\/p>\n<p>[8] Velodrome.ve(3,3) Governance and Liquidity Routing on Optimism.<\/p>\n<p>[9] Jupiter Aggregator.Solana DEX Aggregator: Routing and Token Swap Engine, 2022.<\/p>\n<p>[10] PancakeSwap.Multifunctional DEX Platform on BNB Chain, 2021.<\/p>\n<p>[11] GMX.Decentralized Perpetual Exchange on Arbitrum and Avalanche, GMX Docs.<\/p>\n<p>[12] 1inch Network.1inch Aggregation Protocol Whitepaper, 2021.<\/p>\n<p>[13] Matcha (0x Project).User-friendly Trade Aggregator Interface.<\/p>\n<p>[14] ThorChain.Cross-chain Liquidity Protocol for Native Assets, 2021.<\/p>\n<p>[15] Router Protocol.Cross-chain Liquidity Routing Infrastructure.<\/p>\n<p>[16] Balancer Labs.Liquidity Bootstrapping Pool (LBP) Mechanism.<\/p>\n<p>[17] Camelot DEX.Fair Launch and Ecosystem Design on Arbitrum.<\/p>\n<p>[18] Jupiter.LFG: Launch &amp; Farming Guide for Solana Projects.<\/p>\n<p>[19] Velodrome.veNFT Bribe System and Governance Liquidity Wars.<\/p>\n<p>[20] Sismo.ZK-based Privacy-preserving Identity and Reputation System, 2023.<\/p>\n<p>[21] Gitcoin.Gitcoin Passport: Composable Web3 Identity Layer, 2023.<\/p>\n<p>[ 22 ] Y Combinator. Startup Incubation Framework for Seed-stage Projects, Referenced for conceptual analogy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEX\uff0c\u4ece\u672a\u88ab\u771f\u6b63\u7406\u89e3 \u5728\u6574\u4e2a\u52a0\u5bc6\u91d1\u878d\u4f53\u7cfb\u91cc\uff0cDEX \u4e00\u76f4\u662f\u4e2a\u8010\u4eba\u5bfb\u5473\u7684\u89d2\u8272\u3002 \u5b83\u4f3c\u4e4e\u6c38\u8fdc\u5728\u7ebf\u2014\u2014\u4e0d\u5b95\u673a\u3001\u4e0d\u5ba1 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1514"}],"version-history":[{"count":1,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1514\/revisions"}],"predecessor-version":[{"id":4685,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/posts\/1514\/revisions\/4685"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=\/wp\/v2\/media\/1515"}],"wp:attachment":[{"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1514"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.wancg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}