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Dutch Swap: Digital Dutch Auctions for Everyone!


Community Defi


42 DAI



403 DAI
16 contributors


{"ops":[{"insert":"Dutch Auctions Are Fair."},{"attributes":{"header":2},"insert":"\n"},{"insert":"\nOne day you will be last in a bonding curve.. and it will suck.."},{"attributes":{"header":3},"insert":"\n"},{"insert":"We need better price discovery for new tokens. "},{"attributes":{"header":3},"insert":"\n\n"},{"insert":"Did you pay top DAI for your UNISOCKS?"},{"attributes":{"header":3},"insert":"\n"},{"insert":"Or.. say you wanted to sell a batch of limited edition collectables, what would you charge? What if no one bought them? "},{"attributes":{"header":3},"insert":"\n"},{"insert":"Even worse, what if they sell out? Did you under charge? They now trading 10x on Opensea? That's money on the table for your project!"},{"attributes":{"header":3},"insert":"\n"},{"insert":"What about an ICO, ever wonder how the founder picked 10c per token? Why not 12c or 20?"},{"attributes":{"header":3},"insert":"\n"},{"insert":"Lets not even get into VIP lists.. \n\nThe question is, How would you do it?\n\nDutch auctions solves the price discovery problem, fairly. "},{"attributes":{"header":3},"insert":"\n\n"},{"insert":"Dutch auctions are awesome! "},{"attributes":{"header":2},"insert":"\n"},{"insert":"Gnosis used them to raise thousands of ETH, so did Google in their 2004 IPO, the Fed Treasury used them to issue new money as bond auctions, and ofcourse, the Dutch, every week for hundreds of years, selling billions of dollars in flowers via Dutch Auctions. "},{"attributes":{"header":3},"insert":"\n"},{"insert":"Why not more of us in the Ethereum Community?"},{"attributes":{"header":3},"insert":"\n\n"},{"insert":"What is a dutch auction?"},{"attributes":{"header":2},"insert":"\n"},{"insert":"A dutch auction starts with a batch of tokens (say 100 TULIPS) and I have to sell all of the tulips at the end of the week. \nI start with a high price, 10 DAI per tulip, and drop the price bit by bit. I sell a few flowers at 7 dai, some more at 5, 4, most at 3 and sell out at 2.5 DAI. \nNow the cool part is.. Everyone pays the same fair price, the lowest price.. 2.5 DAI!!\n\nWhy are dutch auctions important to all of us?"},{"attributes":{"header":2},"insert":"\n"},{"insert":"\nThey have a number of use cases besides just crowdsales, and as a signaling tool. \n\nCan help in DAO governance "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Picking new members"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Token weightings in liquid democracy, "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Price discovery in options,"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"MKR liquidations "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"hatching a commons.. and "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"selling 1000 tulips, if you really wanted."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\nWhat I plan to build."},{"attributes":{"header":2},"insert":"\n"},{"insert":"\nOpen sourced smart contract factory for dutch auctions."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Let anyone create a dutch auction to sell batches of ERC20 tokens"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Batch payments in either ETH or an ERC20 of your choice. "},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"Order queuing for super popular auctions"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\nI've be working here - https://github.com/apguerrera/DutchSwap\nI plan to make a simple DApp so you can deploy your own dutch auction contract. \n\nPlease help make DutchSwap a reality!\n\nAdd to cart and Donate 1 DAI today! :)\n\n\n "},{"attributes":{"header":3},"insert":"\n"}]}

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