NFT trading protocol Sudosawp launches sudoAMM progressive Dutch auction

ChainCatcher message, the NFT trading protocol sudoswap announced the launch of sudoAMM Gradual Dutch Auctions (GDA), allowing for the effective sale or purchase of NFTs over time.

The sudoAMM mechanism is as follows: when selling, GDA starts at a higher price and gradually decreases over time. However, each time a token is sold, the pool price increases, enabling continuous price discovery. When purchasing, the price starts at a lower level and gradually rises over time, with adjustments made downwards after each purchase.