Welcome to DeGate September 2022 Ecosystem Update!
DeGate is Limit Orders, Decentralized on Ethereum. DeGate protocol allows you to do spot limit order trading with all the benefits of trading on a DEX. Zero-Knowledge rollups and Efficient Gas Saving Technology make trading on the DeGate DEX protocol high-speed and efficient.
DeGate DEX protocol enables permissionless token listing, which means anyone can list a token by adding the smart contract address. Expect a solid selection of tokens to trade and liquidity mining programmes. DeGate DEX is launching on the Ethereum mainnet first and aligns with the values of Ethereum while remaining chain agnostic.
In September, the whole Ethereum community focused on The Merge. Ethereum has successfully merged and transitioned from the Proof-of-Work (POW) to the Proof-of-Stake (POS) consensus model.
As part of the Merge, DeGate halted operations of DeGate bridge from the Ethereum mainnet to Arbitrum Layer 2 chain and has since resumed the bridge operations.
DeGate Testnet has also migrated from Rinkeby testnet to Goerli testnet network to reflect the Ethereum POS merge. The reason for the migration is that Ethereum POS supports only Goerli network.
Goerli also has a strong community and a lot of existing infrastructure supporting it. Its state is the closest to Mainnet, which can help test DeGate before the final Mainnet launch.
Nothing from Rinkeby testnet can be migrated to Goerli as the chain data is different for both. DeGate will deprecate the whole protocol on Rinkeby, and users will not be able to withdraw all their test assets once this happens. If you would still like to get your assets back, anyone can initiate Exodus Mode through the smart contract. We will publish detailed tutorials for enabling Exodus mode and open for testing soon.
Last month, the research team at DeGate started to investigate Ethereum’s newly launched POS consensus mechanism to determine a proper waiting time period before the users’ deposits become available for trading. We anticipate coming to a conclusion in October.
Also, the tech team at DeGate worked on a more secure dApp wallet solution to protect end users from hacker attacks. Crucially, the tech team has been working on the internal audit process to ensure security on the Smart Contract/ Circuit/ Backend and the overall trading system.
DeGate Monthly AMA with Project Galaxy
DeGate has been successfully conducting Monthly AMAs powered by Galaxy. We want to thank all DeGate supporters who came to the DeGate Discord channel during the AMA and asked questions! This time, the participants were awarded their On-Chain Activity Token #OAT and got a chance to win USDC 500 for the best questions.
Become part of the community, join DeGate Discord and reap the rewards!
DeGate DAO evangelists Alvin Lee and Agne Linge attended Token 2049 in Singapore, Asia’s premier Web3 event, where they forged partnerships and friendships for DeGate DAO.
Token 2049 left a great impression on everyone- the Who is Who in crypto descended to Singapore for the gathering and to hear the Formula 1 engines roaring to commemorate the end of the event!
Although the crypto bear was present, the mood at Token 2049 was to build and let the Web3 ecosystem flourish!
DeGate is excited to be involved in the Ethereum community and support the ecosystem. In October, crypto goes to Bogota! Contributors and builders from around the World are gathering to share ideas and BUIDL in Bogota during a series of events.
DeGate is sponsoring ETH Bogota and is inviting hackers to build solutions on Ethereum that help to achieve United Nations 17 Sustainable Development Goals (UN 17 SDGs). DeGate will give three prizes for the best solutions and is excited to contribute towards public goods. Together, we will make the World a better place.
Check out DeGate’s ETH Bogota bounty here:
Top 10 projects (that don’t win another OP prize!) to deploy on Optimism (mainnet, Goerli testnet or Bedrock testnet)…
While at the DAOist Bogota, the leading gathering for the DAOists that connects the DAOs and is a ‘Cultural vehicle for collaborative defiance’, we expect great idea generation among the DAO contributors, learning from the best and inspiring the rest. The DAOist supports the cultural revolution needed to enable a World of DAOs.
During the DAOist Bogota, the DAOist will launch the DAWN DAO in its final form, of which DeGate is already a member. We will hold our announcement until later and are excited about DeGate DAO activities!
At the DAOist Bogota, DeGate evangelist Alvin Lee will give a speech, ‘ The First Billion? Wen Mass Adoption in DeFi?’. Shout out to Alvin and his article ‘The Sovereign Crypto-Native’, which was recently published in the Bankless newsletter!
READ the article, ‘The Sovereign Crypto-Native. Crypto is changing the World. How will you navigate it?’ here: https://newsletter.banklesshq.com/p/the-sovereign-crypto-native
Another important event in Bogota, Devcon, is a technically focused conference for Ethereum developers, researchers and builders, which will run from October 11–14 and feature talks from Ethereum Foundation Researcher Danny Ryan, Ethereum Foundation Executive Director Aya Miyaguchi and Vitalik Buterin himself.
DeGate Lead Evangelist Agne Linge will also give a speech during Devcon, entitled ‘Keeping your community interested: incentives, ideology and vision’.
DeGate is looking forward to connecting to the Ethereum community in Bogota and participating in Devcon. As someone described:
‘Devcon is an intensive introduction for new Ethereum explorers, a global family reunion for those already a part of the ecosystem, and a source of energy and creativity for all.’
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 and Recruitment Agencies/Headhunters who can recommend suitable candidates to us. It’s simple, refer or introduce candidates to us and get paid up to USD10K!
For more info, visit:
We are looking for the following positions:
- Blockchain Application Engineer
- Blockchain Front-End Engineer
- Blockchain DevOps Engineer
- Senior Designer
- ZK Researcher
You can also regularly check out this link for the most updated list of available positions!
DeGate, which operates as a DAO, is an orderbook 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 resulting from DeGate’s unique 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.