DeFi Project Opium Adds Support for Dutch Auctions

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The Opium Protocol project team has recently added support for Dutch auctions for the DeFi Option Vaults product and other automated strategies.

The Opium Protocol has said:

“Thousands of traders and hundreds of liquidity sources are trading along with private market makers and arbitrageurs.”

The new feature saves gas as the taker only needs one transaction to select a lot at the desired price.

Andrey Belyakov, founder of Opium Protocol, has explained:

“The price can decrease in a linear or exponential trajectory over seconds, minutes, or even hours.”