Current DEX models are not price competitive.
Current DEX architectures are fundamentally price-disadvantaged due to high latency and interaction schemes that over-prioritize access.
Pioneering the dealer model.
Zaidan introduces a RFQ system wherein quotes in the form of signed maker orders are provided upon request with soft-commitments enforced by the maker at execution.
A decentralized dealer-based trading network.
To provide a more complete and competitive dealer-based trading system Paradigm Labs has plans to eventually generalize the Zaidan model by creating a network of designated dealers.