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RubiconThe Die is Cast: Launch of Decentralization and $RUBI
🌍 The Launch of $RUBIAd Victoriam. Rubicon exists to build the World’s Last Financial Exchange — a decentralized, non-custodial trading platform that democratizes access to global markets. Our mission is to accelerate the advent of an open, efficient, and transparent financial system for humanity, governed and operated by its users. Over the past four years, Rubicon has processed over $200 million in onchain trading volume across many protocol versions. Every trade has been non-custodial, ve...
RubiconRubicon v1 Whitepaper
Rubicon v1 [repo] Benjamin Hughes, Forrest Norwood contact (at) rubicon (dot) finance March 19, 2022AbstractIn this paper, we introduce Rubicon v1, an order book protocol for Ethereum, and by extension an order book protocol for the world.BackgroundAn exchange is the most important venue in a given financial system; without a common venue for liquidity, markets are inefficient. Given their importance, the ideal exchange is fully transparent, has no downtime, and is accessible to anyone wantin...
RubiconToken Bridging is live on Rubicon
Today we are launching a Token Bridge in the Rubicon App! Select the Bridge on the sidebar to transfer tokens to and from Ethereum, Optimism, and other blockchains 🌉 Powered by Socket, our Bridge finds the best route from major token bridges with support for hundreds of token combinations and 9 blockchains:Whether you are bridging to Optimism to trade on Rubicon for the first time or you’re seizing an opportunity on another chain, our Bridge finds you the best route without having to leave t...
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RubiconThe Die is Cast: Launch of Decentralization and $RUBI
🌍 The Launch of $RUBIAd Victoriam. Rubicon exists to build the World’s Last Financial Exchange — a decentralized, non-custodial trading platform that democratizes access to global markets. Our mission is to accelerate the advent of an open, efficient, and transparent financial system for humanity, governed and operated by its users. Over the past four years, Rubicon has processed over $200 million in onchain trading volume across many protocol versions. Every trade has been non-custodial, ve...
RubiconRubicon v1 Whitepaper
Rubicon v1 [repo] Benjamin Hughes, Forrest Norwood contact (at) rubicon (dot) finance March 19, 2022AbstractIn this paper, we introduce Rubicon v1, an order book protocol for Ethereum, and by extension an order book protocol for the world.BackgroundAn exchange is the most important venue in a given financial system; without a common venue for liquidity, markets are inefficient. Given their importance, the ideal exchange is fully transparent, has no downtime, and is accessible to anyone wantin...
RubiconToken Bridging is live on Rubicon
Today we are launching a Token Bridge in the Rubicon App! Select the Bridge on the sidebar to transfer tokens to and from Ethereum, Optimism, and other blockchains 🌉 Powered by Socket, our Bridge finds the best route from major token bridges with support for hundreds of token combinations and 9 blockchains:Whether you are bridging to Optimism to trade on Rubicon for the first time or you’re seizing an opportunity on another chain, our Bridge finds you the best route without having to leave t...
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The next generation of the Rubicon protocol is here and live for testing!
New versions of the order book and router smart contracts are live on the following test networks: Arbitrum Goerli, Optimism Goerli, Polygon Mumbai
Traders can start using the new contracts by switching to testnets in the app, and Developers can start building and testing on the V2 contracts in testnet sandboxes!
Keep reading to get the scoop on V2, and subscribe to get Rubicon updates in your inbox!
This upgrade reworks trading fees on Rubicon and adds new, gas-efficient order types to the order book contract. Both changes improve the core economics of the protocol and are aimed at making Rubicon the most efficient place to trade on every Ethereum L2 network.
In Rubicon V1, every trade that ‘takes’ liquidity from the order book pays a 0.01% fee.
In V2, the majority of this fee is now paid to the address that placed the order and “made” liquidity on the book.
In other words, if your limit order is filled, you will earn an additional fee! These rebates will improve returns for liquidity providers and help traders recover some of the fees spent on gas.
V2 adds new and more efficient order types called Batch Orders. These orders allow traders to make multiple (20+) limit orders and cancel orders in a single transaction!
Using Batch Orders, automated traders and market makers can save on gas fees by prorating costs across multiple orders. For example, placing one limit order today may cost $0.10 in gas fees, but placing 25 orders at once may cost ~$0.30, depending on network conditions on Ethereum and the L2 network.
Traders can access Batch Orders in two places. They can use them at the low-level on RubiconMarket.sol through the batchOffer(), batchCancel(), and batchRequote() functions, or they can deploy a MarketAid.sol helper contract and access custom trading functions.
We’re excited to see traders experiment with and build on these new order types!
To start trading on test networks, click Settings and toggle ‘Show test networks’ to have supported test networks appear in the Network list.
Developers and bot builders can start testing the Rubicon V2 contracts ahead of their launch on mainnet(s)! If you have questions while integrating, our team can answer questions in the #devs channel in the Rubicon Discord. Get started with Rubicon V2 below:
Alea iacta est.
(This post is for educational purposes only. Nothing in it should be construed as financial advice. Do your own research before making investments.)
The next generation of the Rubicon protocol is here and live for testing!
New versions of the order book and router smart contracts are live on the following test networks: Arbitrum Goerli, Optimism Goerli, Polygon Mumbai
Traders can start using the new contracts by switching to testnets in the app, and Developers can start building and testing on the V2 contracts in testnet sandboxes!
Keep reading to get the scoop on V2, and subscribe to get Rubicon updates in your inbox!
This upgrade reworks trading fees on Rubicon and adds new, gas-efficient order types to the order book contract. Both changes improve the core economics of the protocol and are aimed at making Rubicon the most efficient place to trade on every Ethereum L2 network.
In Rubicon V1, every trade that ‘takes’ liquidity from the order book pays a 0.01% fee.
In V2, the majority of this fee is now paid to the address that placed the order and “made” liquidity on the book.
In other words, if your limit order is filled, you will earn an additional fee! These rebates will improve returns for liquidity providers and help traders recover some of the fees spent on gas.
V2 adds new and more efficient order types called Batch Orders. These orders allow traders to make multiple (20+) limit orders and cancel orders in a single transaction!
Using Batch Orders, automated traders and market makers can save on gas fees by prorating costs across multiple orders. For example, placing one limit order today may cost $0.10 in gas fees, but placing 25 orders at once may cost ~$0.30, depending on network conditions on Ethereum and the L2 network.
Traders can access Batch Orders in two places. They can use them at the low-level on RubiconMarket.sol through the batchOffer(), batchCancel(), and batchRequote() functions, or they can deploy a MarketAid.sol helper contract and access custom trading functions.
We’re excited to see traders experiment with and build on these new order types!
To start trading on test networks, click Settings and toggle ‘Show test networks’ to have supported test networks appear in the Network list.
Developers and bot builders can start testing the Rubicon V2 contracts ahead of their launch on mainnet(s)! If you have questions while integrating, our team can answer questions in the #devs channel in the Rubicon Discord. Get started with Rubicon V2 below:
Alea iacta est.
(This post is for educational purposes only. Nothing in it should be construed as financial advice. Do your own research before making investments.)
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