Simba is a decentralized exchange built on Sei Network, a layer 1 blockchain optimized for high-speed trading. It aims to replicate centralized exchange experiences while maintaining user control of funds. Simba leverages Sei's architecture to achieve speeds of 20,000 orders per second and sub-300ms finality. This performance prevents front-running and enhances user experience.
Simba has a typical DEX structure with order validation, order matching based on price-time priority, and settlement via account balance updates. Various order types are supported. Mathematical equations governing activities like order priority scoring and spread calculations are outlined.
While details are limited, Simba's roadmap hints at features like permissionless listings and acting as a launchpad for project fundraising. But the core premise remains utilizing Sei Network's architecture to maximize trading speeds. The whitepaper argues high performance is critical for order book DEXs to gain adoption and match centralized platforms without controlling user funds. Show Less
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