Bachelor/Master Thesis
Modeling blockchain-based decentralized exchanges
Blockchain technologies motivated a broad spectrum of decentralized applications (DApps), allowing anyone to own various types of assets and transfer those assets across an open, peer-to-peer network. Decentralized Exchanges (DEXes) emerged as a popular class of DApps, with several systems offering blockchain-based exchange functionalities such as the 0x Protocol [1], IDEX [2], Bancor [3], and many more.
Despite the many advantages offered by decentralization, blockchain-based DEXes have been subject to various attacks, demonstrating that this technology is not yet mature for a realistic deployment.
The goal of this project is to explore real-world exchanges, describe their features, compare them, and derive abstract properties they achieve.
References
[1] 0x web-page and whitepaper
[2] IDEX webpage
[3] Bancor web-page