CenturionDEX Protocol
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Introduction
CenturionDEX is a decentralized exchange (DEX) protocol built on the Centurion Chain. It enables permissionless swapping of tokens through automated market making (AMM) smart contracts. The protocol is designed to prioritize censorship resistance, security, and self-custody — functioning without any trusted intermediaries.
There are currently two versions of the protocol. v2 implements the classic constant-product AMM. v3 introduced concentrated liquidity for greater capital efficiency. Each version, once deployed, functions in perpetuity with 100% uptime, provided the continued existence of the Centurion Chain.
How does CenturionDEX differ from a traditional exchange?
To understand how CenturionDEX differs from a traditional exchange, it helps to look at two key areas: how AMMs differ from order books, and how permissionless systems differ from permissioned ones.
Order Book vs AMM
Most traditional exchanges use a central limit order book, where buyers and sellers create orders organized by price level that are progressively filled as demand shifts.
CenturionDEX takes a different approach, using an Automated Market Maker (AMM). At a high level, an AMM replaces buy and sell orders with a liquidity pool of two assets, both valued relative to each other. As one asset is traded for the other, the relative prices shift, and a new market rate is determined. Traders interact directly with the pool rather than with specific orders from other parties.
Through its evolution, the protocol has enhanced this model: v3 introduced concentrated liquidity for capital efficiency while maintaining the core AMM principles.
The advantages and disadvantages of AMMs versus order books are under active research. See our research page for notable examples.
Permissionless Systems
CenturionDEX is permissionless and immutable. Anyone can swap, provide liquidity, or create new markets at will — no restrictions based on geography, wealth, or identity.
The protocol is also non-upgradeable. No party can pause the contracts, reverse trades, or change the protocol's behavior in any way.
Learn more
- For research into AMM economics, game theory, and optimization, see the research page.
- For concentrated liquidity and related concepts, see the v3 Concepts page.