Ethereum sidechain Gnosis announces the launch of the decentralized trading protocol Gnosis Protocol

ChainCatcher news, according to the official announcement, the Ethereum sidechain Gnosis has launched the DEX Gnosis Protocol.

It is introduced that Gnosis Protocol is a completely permissionless DEX (decentralized trading protocol) that supports a new mechanism called ring trades to maximize liquidity. Ring trades settle orders by sharing liquidity among all orders, rather than targeting a single token pair.

Gnosis Protocol enhances the liquidity of illiquid tokens or "long-tail" tokens by facilitating trades that are typically impossible to achieve with traditional trading protocols. The protocol can execute all orders and can do so in the best possible order settlement manner. (source link)