We compare UniswapX’s RFQ→exclusive-then-open Dutch two-stage auction with 1inch Fusion’s classic Dutch model to show how intent-based swaps curb MEV, failures, and liquidity fragmentation for better market-making.
Exploring how game-theoretical modeling can be applied to decentralized exchange (DEX) protocols to identify design weaknesses and strategic attack vectors. We discuss the incentives and strategies of participants in Uniswap, SushiSwap, Cetus, and KyberSwap, illustrating how game theory can reveal exploits and inform more secure DEX design.