Welcome to DeGate April 2023 Ecosystem Update!
DeGate allows you to Trade easy, Sleep easy. DeGate protocol is a secure, trustless decentralized trading protocol built with Zero-Knowledge technology on Ethereum.
DeGate DEX enables spot market trading with limit orders on Ethereum mainnet, which together with ZK-Rollup and DeGate Efficient Gas Saving Technology allow efficient and cheap decentralized trading. The trading fees on DeGate DEX are very low, and there are no fees for traders-makers. DeGate provides spot market trading with limit orders while users are in self-custody of their funds.
DeGate pays special attention to the security of the protocol and is designed in a way that no malicious actor can do any evil, while users’ funds are safe at all times.
We are pleased to announce that DeGate Mainnet Beta is Live on Ethereum as of 3 May 2023. DeGate Mainnnet Beta is open for trading real funds on the Ethereum mainnet. For the first week, it will be open for DeGate NFT holders, and is open to everyone thereafter, subject to a safe deposit limit. Read the announcement of DeGate Mainnet Beta launch (link).
It has been over two years since the nascence of DeGate, and the team is proud to present a decentralized Order Book exchange on Ethereum with ZK-Rollup. We believe that the time has come for decentralized exchanges to have the same features as centralized exchanges and the technology has advanced enough to have desired transaction speed at a low cost on Ethereum.
DeGate Mainnet Beta has the following features:
- Limit Order spot market trading, particular focus will be on the ETH/USDC trading pair
- Decentralized grid trading
- Very low fees- 0.05% and 0.01% trading fees for stablecoin pairs and super low gas fees
- No fees for Makers (traders who place maker orders)
- DeGate DAO will guarantee individual deposits at up to US$5000 should any product-only issues arise that lead to loss of funds for individual users.
We welcome you to come to register account and trade on DeGate.
Access DeGate Mainnet Beta here:
To honour early community members of DeGate we have conducted Early Adopter NFT Pass campaign. A limited number of 1,000 NFTs were available to mint, giving 1-week priority access to DeGate Mainnet Beta. Congratulations to all who minted the NFT to get access to DeGate Mainnet Beta!
See DeGate Opeansea collection here: (link).
DeGate takes the security of the protocol very seriously. There is nothing more important than users’ funds, and DeGate is doing everything possible to ensure this. DeGate has partnered with Immunefi and announced a Bug Bounty campaign, which will reward $1.11 million to a hacker who finds a critical vulnerability in DeGate code. The Bug Bounty campaign has been live for a couple of weeks now, and no serious vulnerabilities have been found yet.
DeGate has placed a strong focus on the security of the protocol and conducted a number of audits (link). DeGate will continue the Bug Bounty campaign for the foreseeable future.
Read more about DeGate $1.11 million Bug Bounty campaign with Immunefi on Hackernoon (link)
In April, DeGate completed the Zero-Knwledge Trusted Setup ceremony. The ceremony is a necessary action to launch a ZK-powered protocol. It involved a number of individuals contributing random data to generate a set of keys. These keys were exported and made available for use within the DeGate protocol.
We thank all the contributors who participated in the ceremony!
Read more about it here (link).
DeGate was pleased to participate in ETH Tokyo organised by ETH Global. We hosted four events during ETH Tokyo- two poker nights and two football tournaments. DeGate is becoming famous for its poker nights (and poker swag!!), as well as football pickup games, which we already organised in Vietnam, Denver, and Bogota to name a few.
DeGate evangelist Linda presented DeGate DEX at ETH Tokyo, shout out to Linda!
DeGate is excited to be participating at EDCON in Montenegro this May! https://www.edcon.io/
DeGate is sponsoring this Ethereum- focused event and will present DeGate DEX in Montenegro.
DeGate is looking for talented contributors.
Apply or refer fantastic candidates as contributors to our project!
We have launched 2 Bounty Programs to reward public referrals as well as Recruitment Agencies / Headhunters who can recommend suitable candidates to us. It’s simple, refer or introduce candidates to us, get paid up to USD10K!
For more info, visit:
We are looking for the following positions:
You can also regularly check out this link for the most updated list of available positions!
DeGate, which operates as a DAO, is an Order Book DEX on Ethereum built with Zero-Knowledge technology. DeGate provides a possibility to trade the spot market with Limit Orders on a DEX. In addition, DeGate offers a grid trading function.
DeGate is focused on being user-friendly and is built on the principle of Trustlessness, or ‘Can’t do evil’, with no Admin Key. Users can expect super-low gas fees that are the result of DeGate’s special Efficient Gas Saving technology. This innovation ensures significant gas savings while maintaining a decentralized protocol.
DeGate also enables permissionless listing, meaning that any token can be listed in a permissionless manner through an open listing mechanism. Expect DeGate Mainnet on Ethereum later this year.