Ambient founder touts advantages of single-contract DEX architecture
Uniswap, the largest crypto decentralized exchange by volume, recently broke news of a series of planned updates, including the introduction of a single contract pool structure. The “singleton contract” is not yet implemented on Uniswap, but similar technology can already be found on the Ambient decentralized exchange, or DEX. Founder of the competing DEX, Doug Colkitt, spoke to Blockworks on an upcoming episode of the 0xResearch podcast (Spotify / Apple) about the advantages of the new slimline design. “The big deal” with the new architecture , Colkitt says, is that in previous DEXs, “every time you had a new pool, you had to stand up a new contract .” “It meant that every single contract was individually managing its own collateral.” “Standing up a pool,” Colkitt explains, is a relatively “heavyweight” task that deploys a costly contract to the mainnet. “You’re talking about a few hundred dollars,” which isn’t much for a larger-scale project, but to experiment on the cheap, ...