Dapp-a-day 7: OTC Token Trades
Each weekday leading up to devcon2, Nexus will highlight a dapp, library, or package (something with a dappfile) as a promotion of our toolchain and as case studies for other developers. Yesterday's Post
Today's dapp is the first of a suite of "order type" token contracts. It is is an on-chain otc market that lets you atomically trade tokens.
It does not contain a matching engine so everything is O(1).
https://github.com/makerdao/maker-otc
Any time the order book is crossed it is profitable to act as the matching engine. There is a bot that does this that could also serve as the foundation for a market-making bot or more:
https://github.com/makerdao/maker-market-matcher
This project is under the Maker umbrella, but it is actually token-agnostic. Other order type tokens will eventually share the same frontend, at https://mkr.market/ .
If you have a verifiable token, it might even get added to the UI!
Will you be detailing Gnosis and SingularDTV?
No, those projects are not developed by Nexus. Maybe in a follow-up series reviewing the ecosystem.
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