D5 is powered by Gridex Protocol.
The Gridex Protocol is a decentralized crypto trading protocol on the Ethereum blockchain, consisting of a set of persistent and non-upgradable smart contracts.
DeFi would not be where it is without AMM, but it is unable to meet the diverse needs of traders and market makers due to impermanent loss, high slippage, and lack of flexibility. The AMM model is most suitable for less volatile trading pairs, such as swaps between stablecoins.
With our novel Grid Maker Order Book (GMOB) model, we have significantly reduced the resource consumption of running an order book based system, allowing us to deploy and run it on the Ethereum mainnet while making the gas cost comparable to that of AMMs.