Sidechain Proposal - Meeray DEX: Pools, Swaps, Orderbook & Smart Routing Explained
Hey Steemians 👋
Ever wanted to create and swap tokens, earn rewards, or trade like a pro — all in one place?
Meeray is your gateway to decentralized finance, launchpads, NFTs, and much more, fully integrated with the Steem ecosystem.
Today, we’re diving deeper into our main DeFi feature: the DEX, showing how liquidity pools, swaps, orderbooks, and smart routing work together to make trading easy and fair for everyone.
In simple terms:
- 💱 You can swap tokens instantly, using your Steem account, without needing a middleman.
- 🪙 Anyone can provide liquidity and earn fees, not just big exchanges.
- 📊 Advanced traders get powerful tools like orderbooks and smart routing.
Whether you’re here to do quick token swaps, earn passive income as a Liquidity Provider, or trade like a pro with limit orders — Meeray DEX makes it possible directly within the Steem ecosystem.
(All of this works completely decentralized, in real time, using the Steem testnet and the meeray test Network.)
🌊 Liquidity Pools (AMM)
Our Automated Market Maker (AMM) pools allow anyone to become a liquidity provider by depositing two tokens into a pool. In return, Liquidity Providers (LPs) earn a share of the trading fees.
✨ Highlights:
- LPs earn fees: Every swap pays a small fee (e.g. 0.3%), shared among LPs.
- Instant trades: No orderbook required — swaps happen directly in the pool.
- Open access: Add or remove liquidity whenever you want.
- Witnesses can decide to increase or decrease fees with a simple hardfork.
🔄 Swaps
Swaps are simple token-to-token trades. Just pick the token and amount — the AMM does the math and gives you the output.
- Price impact: Larger trades shift the price curve.
- Slippage protection: Set minimum received amounts to avoid bad trades.
👉 Swaps on Meeray are fast, permissionless, and always on as long as there’s liquidity.
(Some UI adjustments are still needed, but you may notice how some trades/actions are nearly instant)
📊 Orderbook (CLOB)
For traders who prefer precision, Meeray also offers a Central Limit Order Book. Place limit or market orders with custom price and quantity.
✨ Benefits:
- Maker/taker model for fair fee distribution.
- Efficient price discovery through open orders.
- Orderbook reconciliation for Meeray nodes in a deterministic way.
- Taker fees are distributed to AMM LPs — bridging AMM + orderbook.
💡 Only takers pay a fee (0.3%), while makers add liquidity for free.
🤖 Smart Routing System
This is where Meeray really shines. Our routing engine scans all options to make sure your trade gets the best execution possible. This is available on some big DEX like uniswap or pancakeswap and we are now bringing it to Steem!
- AMM-only: If the pool gives the best rate, it’s done there.
- Orderbook-only: If the book has a better price, your trade is matched instantly.
- Hybrid routing: For big trades, the system can split orders between AMM and CLOB to minimize slippage.
✨ Perks:
- Always seeks the most favorable price.
- New pools & pairs are auto-included.
- Transparent execution path visible before you confirm.
🎯 The Meeray Edge
Meeray DEX blends AMM simplicity with orderbook sophistication, all while guaranteeing to have concentrated liquidity, fair pricing, and a seamless trading experience.
🔥 Whether you’re a casual swapper or a pro trader, Meeray gives you the tools to trade smarter.
💡 A note on timing and commitment:
Meeray is funded by the community and its DAO, and while this support will soon come to an end, our team is fully committed to building a complete DeFi ecosystem. We may not release everything on a strict timeline, not because of hesitation, but because we’re building something really big. We’ve chosen to focus on making it robust, polished, and fully featured, rather than rushing a half-finished product.
⚠️Missing Updates
To explore all the changes, fixes, and features under development, check out our GitHub repositories:
🔗 Meeray Sidechain GitHub: FutureShockco/meeray
🔗 Meeray Dex GitHub: FutureShockco/meeray-dex
Thanks for supporting this project & Steem — we’re just getting started. Next post we will present you our NFT platform more in detail🚀
This post was generated with help from AI.