Introduction to the Sei Network
Overview The Level 1 chain special created for the Sei Network order book is the first L1 blockchain focused on the order book. It is built using the Cosmos SDK core and Tender mint and has a built-in central Limit order book (CLOB) module. Decentralized applications based on Sei can be created on top of CLOB, and other Cosmos-based blockchains can use CLOB Sei as a common liquidity center and create markets for any asset.
Sei total liquidity model
Designed with developers and users in mind, Sei serves as the infrastructure and shared liquidity hub for the next generation of DeFi. Applications can easily connect to trade on Sei's order book infrastructure and access pooled liquidity from other applications. To prioritize the developer experience, Sei Network has integrated the wasmd module to support CosmWasm smart contracts.
Why Sei Network
Supports CosmWasm smart contracts and integration with other IBC networks.
Sei is a layer 1 blockchain specifically built for the order book. The network’s emphasis is primarily on reliability, security, and high throughput, allowing for a whole new echelon of ultra-high-performance DeFi products built on top. Sei's network CLOB and matching engine provides deep liquidity and price-time priority matching for traders and applications. Applications built on top of Sei benefit from a built-in order book infrastructure, high liquidity, and a fully decentralized matching service. Users benefit from this exchange model with the ability to choose the price, size and direction of their trades, combined with MEV protection.
Smart contracts
Sei uses the wasmd module to make it easier for developers to work with Sei. Developers can use the Rust-based CosmWasm library to build decentralized applications. This gives developers many benefits:
1.CosmWasm is mature and used in many blockchains. As a result, it's a very stable, bug-free library and an extensive developer ecosystem.
2.CosmWasm was created to solve many of the development problems that other ecosystems face. It's easier than Solana development and offers better security guarantees than Solidity.
DEX module
Sei has created a new dex module that allows Cosmwasm smart contracts to use the underlying CLOB to provide high liquidity.
Central limit order book
Combining internal security and decentralization with offline speed and efficiency Most financial applications in traditional finance use CLOB to create markets. This works well if you have low transaction fees and large amounts of liquidity. However, in decentralized finance, the automated market maker (AMM) model is more popular as it does not require constant updating of orders and works with less liquidity. Sei offers low transaction fees and works with market makers to have large amounts of liquidity. As a result, it can offer a decentralized and permissionless way to trade based on the order book. This opens up many use cases that have not previously worked with the AMM model.
Sei Network Ecosystem
Powers Ultra-High Performance Applications The DeFi Sei Network is an L1 blockchain with an embedded order book that allows smart contracts to easily access shared liquidity. The Sei architecture enables the creation of composable applications that support modularity. The Sei Network serves as the respective core of the ecosystem, offering superior reliability and ultra-fast transaction speeds to ecosystem partners, each with their own features and user interface. Anyone can create a DeFi application that leverages Sei's liquidity and the benefits of the entire ecosystem. Developers, traders and users can connect to Sei as ecosystem partners, benefiting from shared liquidity and decentralized financial primitives.
Links to the project:
Website — https://www.seinetwork.io/
Discord — https://discord.com/invite/q8fQgXY8
Twitter — https://twitter.com/SeiNetwork