TechFlow News — According to an official announcement, Ethereum prediction platform Gnosis has launched its DEX, Gnosis Protocol. Gnosis Protocol is a fully permissionless decentralized exchange (DEX) that introduces a novel mechanism called "ring trading" to maximize liquidity. Ring trading enables shared liquidity across all orders rather than being limited to individual token pairs. By facilitating trades that are typically impossible under traditional exchange protocols, Gnosis Protocol significantly enhances liquidity for illiquid or "long-tail" tokens, such as prediction market outcome tokens. The protocol not only executes all orders but does so in the most optimal settlement manner possible.
For each executed trade, Gnosis Protocol charges a 0.1% fee on trading volume. This fee is included within the trader’s limit price and is paid from their sold tokens. All collected fees are converted into OWL, a token generated by staking the Gnosis token GNO. Of these fees, 50% are distributed as rewards to providers of selected order settlement solutions, while the remaining 50% are permanently burned. These fees serve dual purposes: incentivizing open competition—anyone can submit order settlement solutions for each batch auction and earn rewards—and generating value for all GNO token holders.Original article link
