Gnosis launches DEX Gnosis Protocol, using a new ring trading mechanism to improve liquidity

Ethereum prediction platform Gnosis announced the launch of DEX Gnosis Protocol. Gnosis Protocol supports a new mechanism called ring trading to maximize liquidity. Ring trading is an order settlement that shares liquidity among all orders, rather than for a single generation. Token pairs to increase liquidity for illiquid or "long tail" tokens (such as prediction market outcome tokens). Users can try and trade on Mesa. For each executed trade, Gnosis Protocol charges a volume fee of 0.1%. The fee is included in the limit price of the trader and paid in the tokens they sell. All fees are then converted to OWL, a token generated by locking the Gnosis token GNO. 50% of the fee will be paid as an incentive to the provider of the selected order settlement solution, while the remaining 50% of the fee will be burned.