Aver announced last Thursday, November 25, through its Twitter account, that together with Serum, it offers a decentralized betting markets experience based on the order book.
“Traditional sports betting exchanges like Betfair and Smarkets use a central limit order book model to match trades / bets. After this implementation, Aver is the first project to build an order book-based betting exchange on the blockchain. This is partly possible through Serum, where we were able to use their frames”, he said through an article published on the Medium platform.
The company explained that, in September 2021, Serum announced that it would launch a new version called the “Asset Agnostic Order Book” (AAOB) to replace the Serum DEX implementation. So, for their Devnet iteration they built it with the SPL Token framework. However, in their next Mainnet release, the company indicated that they would use the AAOB (more on this in the next section).
Through Serum, Aver offers:
• A full decentralized, non-custodial exchange running on a centralized chain limit order book (CLOB) on Solana’s mainnet.
• Shared liquidity and energy trading functions for institutional and retail users.
• A unique experience through solving traditional DeFi problems: high gas costs, slow transactions, centralization, low capital efficiency, and liquidity segmentation.
In action, the company highlighted those users interact with Serum when:
• Use DEX from Aver
• See the best offers and offers
• See the results of the markets
• Withdraw positions as SPL tokens
• And much more
According to the company, like the AAOB, Aver’s Mainnet is still a work in progress. In his view, his goal is to launch in the second quarter of 2022 so that you can stay up to date on our journey by clicking here and here and here.