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Jedex – **Joint-Execution Decentralized Exchange** – is a technical demonstration of a decentralized exchange built on Bitcoin Cash using [CashTokens](https://github.com/bitjson/cashtokens).
[Review contracts in Bitauth IDE →](https://alpha.ide.bitauth.com/import-gist/d78b6b8e7fd4f621c5f80a00c7b79cf7)
[Review contracts in Bitauth IDE →](https://ide.bitauth.com/import-gist/d78b6b8e7fd4f621c5f80a00c7b79cf7)
- [Summary](#summary)
- [Liquidity Provider (LP)](#liquidity-provider-lp)
@ -21,9 +21,9 @@ Jedex – **Joint-Execution Decentralized Exchange** – is a technical demonstr
Jedex allows users to trade between BCH and a fungible token (FT) using a constant product market making algorithm. To improve liquidity and minimize both slippage and spend races, trades occur in large batches – a "tick" – approximately every 2 hours (configurable). Users submit orders prior to each tick, and all orders are aggregated with the funds/tokens already in the liquidity pool to determine the settlement price for the tick. This design reduces the trading advantage of miners and well-connected nodes.
[![A screenshot of the DEX covenant merging a thread](docs/merge_threads.png)](https://alpha.ide.bitauth.com/import-gist/d78b6b8e7fd4f621c5f80a00c7b79cf7)
[![A screenshot of the DEX covenant merging a thread](docs/merge_threads.png)](https://ide.bitauth.com/import-gist/d78b6b8e7fd4f621c5f80a00c7b79cf7)
[Review contracts in Bitauth IDE →](https://alpha.ide.bitauth.com/import-gist/d78b6b8e7fd4f621c5f80a00c7b79cf7)
[Review contracts in Bitauth IDE →](https://ide.bitauth.com/import-gist/d78b6b8e7fd4f621c5f80a00c7b79cf7)
## Liquidity Provider (LP)