The decentralized exchange Uniswap has integrated into its web application a tool for auctioning tokens without having to write software code. Now, development teams can set up and launch sales of digital assets directly in the blockchain, right from a browser.

Announced in February, the solution works on the basis of a continuous clearing mechanism. This system involves the gradual sale of tokens in each new block, allowing for a smooth and fair determination of market prices. Bidders use limit orders, indicating the total budget and maximum price per asset, which completely eliminates the risk of overpayment.

Because the token distribution process is time-consuming and does not end immediately after a block is confirmed, the new mechanic negates the speed advantage traditionally enjoyed by algorithmic sniper bots.

The organizer interface consists of four simple steps: adding token information, setting auction settings, creating a liquidity pool, and then moving funds to the stock pool. Active placements and their results are tracked through a dedicated profile. The feature is already available in Ethereum, Arbitrum, Base, and Unichain networks.

The innovation has already been successfully tested in practice. The auction of CAP token from the Cap Labs project attracted more than a thousand unique bids, closed with five-time re-signatures and ended with the company’s valuation at $106 million. Recall that previously the exchange community approved a major reform of the economics of the protocol, activating the switch of commissions.