dMarket Smart Contract

[ali-h]

dMarket Smart Contract

Dynamic Market Smart Contract allows users to trade tokens with different quote tokens other than SWAP.HIVE (the original market contract). A global quote token means every token is allowed to be traded for it, only Hive Engine team can create a global quote token. There are two global quote tokens allowed by default (SWAP.BTC & BEE). More quote tokens can be added by users for 500 BEE per base token in a pair. It allows tribes and other projects to allow tokens to be traded for their native tokens (ex. DEC:PAL, ORB:PAL, BEE:PAL, SWAP.DOGE:PAL, etc..).

Transactions are similar to the original market contract with the addition of a "quoteToken" parameter.

Example: To buy BEE tokens for SWAP.BTC

{
    "contractName": "dmarket",
    "contractAction": "buy",
    "contractPayload": {
        "symbol": "BEE",
        "quoteToken": "SWAP.BTC",
        "quantity": "150",
        "price": "0.00000912"
    }
}

Complete Documentation: Here

[Rishi556]

only Hive Engine team can create a global pair

Why not let the witnesses decide? If a majority of top witnesses(11/20 right now) are voting for a particular token to be global, then it should be.

I say this because right now we are too dependent on the engine team and I'd like to slowly start transitioning away from that wherever possible.

[ali-h]

only Hive Engine team can create a global pair

Why not let the witnesses decide? If a majority of top witnesses(11/20 right now) are voting for a particular token to be global, then it should be.

I say this because right now we are too dependent on the engine team and I'd like to slowly start transitioning away from that wherever possible.

Yes, this is absolutely better fit. not very familiar with the witness contract yet, will have a peak. Perhaps a proposal kind-of system requiring vote between top 20 witnesses.

[Rishi556]

I think every witness should vote(sort of how hive witnesses vote for stuff like account creation fee/price feed) and as long as more than 50% of the top active witnesses are voting for that particular token to be a global token then it is. It's a big thing, since witness voting isn't something implemented yet, so releasing this and then updating later is always a choice. Probably will need to add a "witnessVote" action or something to the witnesses contract requiring the name of what they are voting on and the value(an array of tokens here).

My biggest goal with this is to prevent centralization to the engine team. Letting witnesses decide this helps reduce that centralization.

[eonwarped]

Index comments to resolve, otherwise LGTM