Workshop - Intro to Omen and Mesa by DXdao - 4 Dec 2020 at 19:00 CET - Githubissues

dxdaohackathon / dex-react

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Workshop - Intro to Omen and Mesa by DXdao - 4 Dec 2020 at 19:00 CET #3

Open martinkrung opened 3 years ago

martinkrung commented 3 years ago

Bounty #1

What is Mesa

https://mesa.eth.link also on testnet
Mesa is a front-end for Gnosis Protocol build on React
Build as a DEX having Ring-Trades, settlement is every 5 min, The underlying protocol is made by gnosis and called Gnosis Protocol V1
Settlement is calculated of chain by solver and then pushed on-chain
Mostly used to make IDOs: Initial DEX Offering because it should be fair and non front-runnable

IDOs

Goal is to find an initial fair price for a new token, this is non-trivial
Different algorithm exist to create the most possible fair outcome: Ring Trade, Dutch auction, ?
Algorithm should not be front-runnable
Algorithm should not be winnable with a higher gas price

Resources:

Existing Documentation:

https://dxdao.medium.com/how-to-conduct-your-ido-on-mesa-aef5bb4c48e9

Guides from Projects done IDO on Mesa

API3: https://medium.com/api3/api3-public-token-distribution-event-1acb3b6d940 https://medium.com/api3/how-to-take-part-in-the-api3-mesa-distribution-e41321a9846e

Aluna: https://medium.com/@aluna/mesa-eth-aln-auction-guide-aluna-token-initial-dex-offering-ido-af75f6ac6a87