Over the past year, Decentralized Exchange (DEX) trade volume has grown astronomically to over $100B/day. In the future, we believe that there will be many different DEXs, each designed for specific types of trades (just like the traditional markets). The first DEX Shipyard is developing is a novel Automated Market Maker (AMM) that will have the best prices anywhere for retail-sized swaps. The founders are experienced crypto entrepreneurs with multiple venture-backed exits and technical experts, including one of the most published researchers in the world on AMMs. Backers include Polychain Capital, 0x Labs, 1inch and more.