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LeapDAO Fast Exit Market Maker Award
Plasma enables fast, cheap and secure transactions for users, but it binds capital through its long exit duration. When a user registers a UTXO for an exit, a 3.5 to 7 day challenge period starts. Only after the the challenge period expires the user can withdraw his funds on the Ethereum mainnet. A fast exit market maker is a service that purchases exits from users. In exchange for a small fee the market maker pays the tokens to the user while receiving and waiting for the exit to complete.
You can find out more about the exit market makers[ here](https://ethresear.ch/t/simple-fast-withdrawals/2128). This [blog post](https://leapdao.org/blog/DAI-enabled-as-Plasma-Asset/) also touches upon the concept of exit market makers.
You need to implement the front end from [this smart contract](https://github.com/leapdao/leap-contracts/blob/master/contracts/FastExitHandler.sol).
the following points should be full-filled:
- An API that users can submit offers to to sell their Plasma exit.
- At least one mainnet token registered with the Leap Network Bridge.
- Ideally an integration to http://mainnet.leapdao.org.
30. April 2019
30. April 2019
1000 DAI + 1000 LEAP