sudoswap launches sudoAMM progressive Dutch auction
NFT trading protocol Sudoswap announced the launch of SudoAMM gradual Dutch auction (Gradual Dutch Auctions, GDA), allowing for the effective sale or purchase of NFTs over time.
When selling, GDA has a high initial price, which is then adjusted over time, similar to a Dutch auction. Each time a token is sold, the pool price will rise, allowing for continuous price discovery. When buying, the initial price is low and increases over time, then adjusts downward with each purchase.
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