Spectrum Finance
Spectrum is a pioneering open-source, cross-chain decentralized exchange (DEX) platform, currently offering liquidity provision (LP), yield farming, and babel fees on the Cardano (ADA) and Ergo (ERG) networks.
Current Features
- Liquidity Provision & Yield Farming: Users can engage in liquidity provision and yield farming.
- Babel Fees: Babel fees allow transaction fees to be paid with various tokens.
- Cross-Chain Support: Currently supporting Cardano (ADA) and Ergo (ERG) networks.
- Open-Source: Pioneering open-source DEX platform with transparent development.
Spectrum Bloom
Next-generation eUTxO-native framework for decentralized finance (DeFi), designed to address and improve upon the limitations of early decentralized exchanges (DEXes).
eUTxO Model
Utilizes the eUTxO blockchain model, as seen in Ergo and Cardano, supporting multi-stage contracts and multi-token functionality with enhanced security and transparency.
Spectrum Bloom & ResourcesClick to expand
Spectrum Bloom: Next-Generation DeFi Framework
Spectrum Bloom is an upcoming eUTxO-native framework for decentralized finance (DeFi), designed to address and improve upon the limitations of early decentralized exchanges (DEXes).
Highlights from the Spectrum Bloom White Paper
- Addressing Early DEX Limitations: Spectrum Bloom aims to overcome issues such as lack of transparency, composability, and poor performance in early DEX implementations.
- Decentralization and Openness: The framework focuses on principles of decentralization, openness, transparency, and sustainability.
- eUTxO Model: Utilizes the eUTxO blockchain model, as seen in Ergo and Cardano, supporting multi-stage contracts and multi-token functionality.
- Innovative DEX Protocol: Includes a novel protocol for DEX that consists of both on-chain (UTxO and validators) and off-chain (event handlers for state transitions) elements.
- Liquidity Pooling and Execution: Spectrum Bloom proposes unique approaches to liquidity pooling and order execution, aiming to streamline processes and reduce overhead.
- Universal Order Composition: Introduces universally composable orders, which can be fulfilled from any liquidity source, enhancing flexibility and efficiency.
- Autonomous Account (AA): A key feature where an on-chain entity can validate execution and release user funds for trading, facilitating a dynamic set of applications on eUTxO blockchains.
- Future Extensions and Applications: The white paper also discusses potential extensions and applications of the Autonomous Account concept beyond DEXes.
Resources
Tutorials
Papers
- Extended UTxO in production: Techniques, trade-offs, and finding a better balance
- Spectrum Bloom White Paper
Dev-Resources
In a Nutshell
Spectrum Finance represents the cutting edge of decentralized exchange technology, combining current DEX functionality with the innovative Spectrum Bloom framework. By leveraging eUTxO models and focusing on transparency and composability, Spectrum is building the future of cross-chain DeFi infrastructure.