Welcome to DeGate January 2024 Ecosystem Update!
DeGate is live on Mainnet!
DeGate is a ZK-Rollup Orderbook DEX that allows you to Trade easy, Sleep easy. It enables spot trading with Limit Order while being in self-custody of your funds. DeGate has no fees for Maker orders and very low fees for Taker orders. It offers distinctive trading features — decentralized grid strategy and DCA. Trade on DeGate DEX now: https://app.degate.com/.
DeGate has transitioned from Mainnet Beta to Mainnet. After intensive development and rigorous testing phases, we are now confident in the robustness and security of the DeGate DEX.
With the transition to the Mainnet, we are proud to offer our community a decentralized trading platform with advanced features like limit order, grid trading, and a focus on ETH trading. Our proprietary Zero-Knowledge Rollup and Efficient Gas Saving Technology ensure a trading experience comparable to centralized exchanges but with the security and autonomy of a decentralized platform. Crucially, Maker orders are entirely free on DeGate.
Within the first month of Mainnet launch, DeGate’s TVL (Total Value Locked) has hit 58M$, an all-time trading volume 120M$, and reached 2000 users.
This is only the beginning. DeGate platform, with its native orderbook DEX, is poised to play a pivotal role in the growth of a vibrant, decentralized Ethereum ecosystem.
DCA feature is live
DCA (Dollar Cost Average) Plan is launched on DeGate DEX https://app.degate.com . As an exciting addition to the Order Book DEX, DCA allows users to set regular intervals to buy or sell an asset, smoothing out the impact of market fluctuations. DeGate is proud to offer this long-lasting trading plan to users, letting them skip the stress of timing the market.
Unlike most centralized exchanges, DeGate’s DCA Plan has no additional fees. While enjoying the stress-free, low-fee, automatic DCA plan, users have full self-custody over their assets.
Highlighted Trading Fee Rate
Users gave feedback that we should highlight the Trading Fee Rate on the user interface. We heard your voices. Now, “Maker Free” is visible in the spot trading setting window. And mouse-over will show the Trading Fee Rate:
Stable trading pairs, Taker: 0.01%
DeGate’s low fee and Maker Free are now at the forefront.
Grid Strategy Boost Campaign
Grid Strategy Boost maximized Grid strategy earnings with boosted ETH/USDC pair. On top of the yields from the grid strategy, users earn a further share of the $21,000 USDC prize pool. In the one-week campaign period, all participating users enjoyed 100%+ APY. The prize pool is claimed at the end of the campaign.
Important crypto media and influencers promoted this campaign.
Volatility got you stressed😵💫? DeGate’s Grid Strategy Boost has your back💪! Check it out: https://t.co/T8zYpI8bii.
No sweat, just smart trading🤓.
Note: This tweet is for general informational purposes only and should not be construed as financial advice. Please do your own… pic.twitter.com/O56VIPWklL
— BanklessDAO (@banklessDAO) January 22, 2024
This is the first time DeGate has created a Boost campaign, and it was a success! We will learn and iterate along the way, rolling out more earning opportunities for users.
DeGate Early Adopter Program
DeGate is looking for people with trading experiences in certain features to try DeGate and give feedback. These features are ETH Spot Trading, Grid Trading and DCA.
We collaborated with reputable media and influencers to promote this campaign
KEY to DG redemption
With the transition of Mainnet from Mainnet Beta, DeGate has followed through with the Key to DG redemption event. 4% of the total DG supply was allocated for token-swap offering to KEY holders This was carried out on keytodg.degate.com.
Within 60 days, no later than the 9th of Mar 2024, we will be commencing with Social Token Offering as well.
DeGate is looking for talented contributors. Check out this link
DeGate is an Order Book DEX on Ethereum built with Zero-Knowledge technology. DeGate allows users to trade spot market with Limit Orders on a DEX. In addition, DeGate offers a decentralized grid trading function.
DeGate is focused on being user-friendly and is built on the principle of Trustlessness, or ‘Can’t do evil’. 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. DeGate Mainnet is live on https://app.degate.com/.