Yuandong Exchange, targeting the professional trading market, launched on BSC, building key trading infrastructure.
TL;DR
Yuandong Exchange, a decentralized exchange on BSC, uses an order book model for professional trading, enhancing transparency and security without asset custody. It features a dual-token system and DAO governance to support long-term BSC ecosystem growth.
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According to ChainCatcher, One Liquidity Protocol (Chinese name: 源动交流), developed by a team of experienced trading systems, has recently been officially launched. The project is positioned as a decentralized exchange with order book support built on the Binance Smart Chain (BSC) ecosystem, aiming to fill the gaps in BSC's key infrastructure in the professional trading field.
Unlike common pool-based token swapping models, Yuandong Exchange uses an order book-based order book trading + off-chain matching and on-chain settlement method, allowing prices to be determined by real buying and selling. At the same time, it adheres to the principle of not holding assets in custody and writing rules into contracts, thereby improving transaction transparency and security.
The project introduces a dual-token model, node mechanism, and DAO governance system to serve the long-term development of the Binance Chain ecosystem. The team stated that SourceMotion Exchange is not a short-term project, but rather aims to gradually grow into an important trading infrastructure component within the BSC ecosystem.