DDEX will replace 0x/ZRX with new 'Hydro' fork

16 Dec, 2018 | Updated: 16 Dec, 2018
by David Robb
Exchange
DDEX will replace 0x/ZRX with new 'Hydro' fork

The company behind the DDEX trading platform has announced that it will be launching a fork of the 0x protocol. Known as Hydro, it will be designed to improve the liquidity of the decentralized exchange.

In a Medium post, the CEO of Ethereum-based DEX DDEX, Tian Li, claimed that the "0x team has done an incredible job shipping high quality, useful code". However, as the DDEX platform scales, it is becoming "plagued by rudimentary problems such as order collision, front-running, and poor liquidity".

For this reason, the team behind DDEX will be forking the 0x protocol. Its developers have created a lot of new code, including "a new order schema, an engine capable of true matching, robust market orders, and a fundamentally different liquidity sharing model." It will also be removing the ZRX token from the protocol, as it is fee-based, which can cause "unnecessary friction".

Li claims that the market will be deciding the success or failure of Hydro, the new project named after the 'liquidity' that has been identified as the key improvement. He states that if "the protocol doesn’t deliver, DDEX will be outclassed and quickly become irrelevant...We either make something people want, or we die. And that’s the way it should be."

Read more: Community accuses Coinbase of insider trading when Ox got listed

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Read more about: 0x (ZRX)

Poll

Are you investing in 0x?

(17 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage