Welcome to DeGate November 2023 Ecosystem Update!
DeGate allows you to Trade easy, Sleep easy. DeGate DEX is a decentralized trading protocol that enables spot market Limit Order trading while being in self-custody of your funds.
DeGate a ZK-Rollup DEX on Ethereum mainnet. DeGate has no fees for traders-makers and very low fees for taker trades. DeGate has a special feature for traders not available on other DEXs- a decentralized grid trading strategy. Trade on DeGate DEX now: https://app.degate.com/.
The exciting product news of this month is the launch of USDM, an innovative yield-bearing stablecoin on DeGate DEX. USDM is a product of Mountain Protocol, a yield-bearing stablecoin that passed through the yield from US Treasury bills. At current T-bill rates, this is ~5%. Holders of USDM get the 5% annual interest, using it on DeGate elevates your typical trading. This is not just trading; it’s earning while you trade. While you place a limit order or hold funds in balance with USDM, your funds aren’t idle, they continue to earn yields. Excitingly, USDM can also significantly boost your returns in grid strategy, combining the benefits of regular grid profits with additional yield earnings. USDM-USDC and ETH-USDM pairs are trading on DeGate and have unmatched liquidity in the market. DeGate is the top exchange on CoinGecko for USDM trading! To give users the best experience, DeGate has designed a one-click yield claim function for USDM holders. What’s more exciting than seeing your portfolio grow each day, and claim the yields whenever you want?
Boosted Bug Bounty
In a groundbreaking move, DeGate proudly unveils collaboration with Immunefi on Immunefi’s first-ever Bug Bounty Boost program. In just over 3 days, over 900 exceptional whitehats have joined the DeGate-Boost channel on Immunefi Discord, contributing invaluable deep dives, thought-provoking questions, and innovative solutions. The 2 weeks of intense sprints between DeGate and security researchers focus on addressing security impacts from DeGate’s delayed upgradability contracts, reinforcing DeGate’s dedication to trustlessness; with heightened rewards for identifying vulnerabilities in new code.
DeGate at Devconnect
DeGate’s evangelists attended the biggest Ethereum community event of the year, Devconnect, in Istanbul, Turkey. With the objectives of raising brand awareness and strengthening bonds with the Ethereum community, DeGate proudly sponsored the L2days organized by L2Beat, and hosted our iconic football tournament!
DeGate DEX has received great interest from participants of Devconnect. They were intrigued by how the order book DEX leverages ZK rollup to operate and were impressed by the performance — fast, low fees, and a familiar user interface just as on CEX. To give enthusiastic users a full experience of DeGate DEX, we organized a private meetups in which participants tried the DEX by themselves for the first time and shared valuable feedback. We were thrilled to onboard these early supporters as users!
Devconnect Football Tournament
DeGate’s Football Tournament has become a must-do among crypto-sport aficionados at major conferences. Also in Devconnect, our Footy Night attracted more than 40 players. We had a friendly competition and enjoyable game time together. Winning teams got juicy prizes via DeGate’s Layer 2. Follow DeGate on Twitter to find out where the next Footy DAO football tournament by DeGate will take place! Check out Devconnect’s Football video here
one of the best side events at @EFDevconnect !
Throwback to the highlights and epic goals. Winners can look forward to receiving their prizes on https://t.co/HRmF2anwTB perhaps an on-field battle for all the L2s in the future?
— DeGate | Mainnet Beta is LIVE! (@DeGateDex) November 20, 2023
DeGate is looking for talented contributors. Check out this link
DeGate 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 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 Beta is live on https://app.degate.com/.