DeGate — a decentralized exchange (DEX) protocol, built on ZK technology. As ZK Rollup, De Gate fills a key gap in the market by enabling spot order book trading and trading in the Ethereum ecosystem, offering an experience similar to centralized exchanges (CEXs).
What is special about DeGate?
DeGate — a DAO-centric protocol where the DAO has full control over its treasury. The protocol supports multiple features, including spot trading, grid trading and the transition from Ethereum Layer 1 (L1) to Layer 2 (L2), with additional features to be added to ensure a consistent trading experience.
DeGate — a new type of protocol, based on ZK folding, that allows spot trading with limit orders like a centralized exchange. ZK technology powers a "matching node" that matches orders between traders, periodically recording transactions on the main network.
To further reduce gas charges for users, the protocol introduces gas-saving features for the first time, including:
| Deposit to save gas | there is often a high one-time fee for making a deposit to the DEX protocol. De Gate has created a deposit option to save gas. This option is based on a "simple transfer" rather than a "contract call". This method can reduce the one-time gas deposit fee by up to 75%. |
| Ultra Efficient Gas Saving Technology (UEGS) | this innovation, created specifically for the De Gate protocol, provides significant gas savings while maintaining a decentralized protocol. |
While De Gate derives its security from Ethereum and is designed to operate without trust or permissions, it provides functionality similar in form and function to centralized exchanges without the inherent security risks of such exchanges.
The online trading feature — another innovation of the De Gate protocol. This mimics trading on the CEX, allowing users to implement trading strategies, based on the price action of any given trading pair.
Combined with the benefits of De Gate's free maker orders, this feature can help users to secure long-term and stable profits in the highly volatile cryptocurrency market without a centralized holding of assets. DG will be DeGate's 1 billion native token, originally 100% owned by the Home DAO.
Bridge De Gate L1-L2
The DeGate L1-L2 bridge — a community service that allows users to transfer tokens from the Ethereum mainnet or Layer 1 to Layer 2 Ethereum, specifically Arbitrum. The purpose of DeGate Bridge - to promote the growth of the Ethereum Layer 2 ecosystem by lowering barriers to using Layer 2. It is important to note that DeGate does not charge fees for using the bridge - only gas costs apply.
DeGate Bridge uses a cold/warm/hot wallet mechanism to mitigate the asset management risks, required to enable the bridge.