• Corpus ID: 238408261

Lissy: Experimenting with on-chain order books

  title={Lissy: Experimenting with on-chain order books},
  author={Mahsa Moosavi and Jeremy Clark},
Financial regulators have long-standing concerns about fully decentralized exchanges that run ‘on-chain’ without any obvious regulatory hooks. The popularity of Uniswap, an automated market makers (AMM), made these concerns a reality. AMMs implement a lightweight dealer-based trading system, but they are unlike anything on Wall Street, require fees intrinsically, and are susceptible to front-running attacks. This leaves the following research questions we address in this paper: (1) are… 

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