DeGate Ecosystem Update

December 2021


Welcome to DeGate December Ecosystem Update in the New Year.

DeGate is building an orderbook-centric decentralized trading protocol. DeGate is built on Ethereum and operates a special “Layer 3 Match Node” for matching orders, equipped with zero-knowledge technology.

We are excited to update you on what we have been up to in December.

Product & Tech Update

It’s been a month of hard building at DeGate as we headed into the new year. On the product front, the requirements for the grid trading, mining and trading functions were discussed and confirmed as we get into every finer detail on how the product will work, look and feel.

Diving into the details of tech implementation, here are some of the highlights:

  • DeGate Orderbook DEX & Alpha version were deployed on Arbitrum testnet, with all features to be ready in January.
  • Circuit and Smart Contract development was completed, as well as the first round of our security audit.
  • We’re pleased to note that the API SDK for GO/PYTHON/NODEJS is also ready and the first automated trading robot on DeGate is up and running.
  • DeGate liquidity farming will begin development this month.

Research

DeGate is an openly-listing, orderbook-based decentralised exchange that is built on ZK-rollup technologies. As the first of its kind, DeGate faces a few edge cases that require additional attention to mitigate security concerns. We are now in the final design phase of several solid solutions to provide added security, which we anticipate to withstand potential attacks with budgets as high as billions of US Dollars.

DeGate Mascot

This month also marked a milestone for our very own mascot, Goo. We completed the Goo Emoji Competition and received a lot of great emoji creations that we distributed to the community. Everyone loved them! Here is just one sample sticker below from the thousands we received. Our community has already having fun using them in chat groups.
image

Layer 2 Seminar with Coindesk was a big success

In December, DeGate reached a big milestone when we organised a Layer 2 Seminar in partnership with Coindesk featuring top thinkers and projects in the Layer 2 Space, including our friends at Arbitrum, METIS, zkSync, L2Beat and Haseeb Qureshi of Dragonfly Capital. More than 1000 participants registered for this event to envision a brave new ethereum landscape supercharged by Layer 2 scaling. From the future adoption of ZK rollups to the current state of play with Optimistic Ethereum and it’s very impressive array of applications, we dived deep into an underlying phenomena that truly has the potential to create a new class of applications.

All videos of L2 Seminar are available on the DeGate YouTube channel.
# Layer 2 Seminar: Reasons to be Optimistic about Ethereum
Also, our DeGate orderbook demo presented during Layer 2 Seminar, can be found here:
# Gas-less Layer 2 Orderbook Trading Explained with DeGate

#L2Show

This month was a great month as usual for the L2 Show, our very own youtube show dedicated to all things Layer 2. We’re proud to have hosted Steven Goldfeder, CEO of Offchain Labs, the creators of Arbtrum, as well as other fantastic creators in the Layer 2 Space, including Alex Binesh, Matt Vegh, Nate Vegh from Metacraft, and Yoka from the Asian Blockchain Gaming Alliance (ABGA).

<Subscribe to DeGate YouTube channel to watch all the episodes!>

Follow #L2Show on:

Twitter

Instagram

TikTok

Discord

LinkedIn

Community Activities

This month was also a buzzing month for our community activities. We held our very first AMA on Discord with Agne and Alvin answering questions from the community, which was a great success with several fantastic participants asking tough questions. We also continued our regular community quizzes on Discord.

DeGate is looking for Contributors

Lastly, come and join DeGate if you are a crypto native. Or refer fantastic candidates as contributors to our project. We are looking for talented individuals to contribute to our project.

We have launched 2 Bounty Programs to reward public referrals as well as Recruitment Agencies / Headhunters who are recommending suitable candidates to us. It’s simple, refer or introduce candidates to us, get paid up to USD 10K!

For more info, visit:

DeGate Referral Bounty Program

DeGate Recruitment Agency Bounty Program

We are looking for the following positions:

You can also regularly check out this link for the most updated list of available positions!

Have a great month ahead

That’s a wrap for our December Update, looking forward to a great year ahead with the community. As always, you can follow us on social media at the links below. Have a good one.