DeGate, a ZK-rollup order book DEX, has announced its transition from Mainnet Beta to Mainnet.
The Mainnet launch marks a major milestone in its mission to revolutionize the decentralized order book trading. DeGate delivers a CEX-like trading experience: order book trading, zero or very low fees, fast. At the same time, users have full self-custody over their assets.
The Journey Through Mainnet Beta
The Mainnet Beta phase was pivotal for DeGate, focusing on stress testing the DEX to ensure maximum security for user funds. This phase was crucial for ensuring the utmost security for our users’ funds, capped with a Total Value Locked (TVL) limit of $3 million.
DeGate’s dedication to trustlessness and security has been unwavering, as evidenced by the comprehensive security measures including a $1.11 million Bug Bounty Security Program with Immunefi, a Bug Bounty “Boost” Program, the first of its kind in collaboration with Immunefi, and the “Exodus Mode” feature for added safety.
New Standards in Decentralized Order Book Trading
With the transition to Mainnet, DeGate now offers a decentralized DEX with advanced CEX features like limit order, grid trading, Dollar-Cost-Average, and a focus on ETH trading. These features enable trading on DeGate DEX with comparable speed and cost efficiency to CEXs but without the risks associated with a central authority.
The classic order book approach ensures every order has an equal chance of being executed, unlike some other platforms where small orders may not get filled. Additionally, DeGate boasts strong liquidity for spot trading of ETH and major ERC20 tokens like LINK, GRT, RNDR, and others. The liquidity is continuously improving.
Leveraging Zero-Knowledge Rollup, DeGate is able to keep the fees low. For Makers, there are no fees, including no trading fee or gas fee; for Takers, gas fees are significantly reduced thanks to DeGate’s Efficient Gas Saving Technology, which bundles multiple transactions to improve trading efficiency and reduce costs.
Trustlessness and Security at the Forefront
At the heart of DeGate’s ethos is a commitment to trustlessness and security. This approach ensures that there is no centralized entity controlling the inflow and outflow of users’ funds. A standout feature of DeGate is the ‘Exodus Mode,’ This feature adds an extra layer of security and peace of mind for DeGate users. Moreover, DeGate simplifies the trading process by eliminating the need for token approval and the tail risk carried by token approval.
Thanks to these attributes, DeGate stands out as a safe, trustless Layer 2 on the Ethereum network. According to L2BEAT, DeGate’s rollup stage is at the most advanced level of decentralization maturity – Stage 2. In fact, DeGate is the only active Stage 2 rollup, among the big ones.
Looking Ahead: DeGate’s Future
DeGate continues to innovate and expand, empowering their users with a secure, efficient, and user-friendly trading environment. The DeGate platform, with its native orderbook DEX, plans to participate the growth of a vibrant, decentralized Ethereum ecosystem.
As T.S. Eliot wisely said, “We shall not cease from exploration.” Our exploration in creating a valuable and needed product for the community has brought us here, and we are excited for what the future holds.
You may access DeGate Mainnet and start “Trade Easy, Sleep Easy”
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