DeGate Monthly Update-January 2023

Welcome to DeGate January 2023 monthly update!

DeGate allows you to trade easy, sleep easy. DeGate protocol allows you to do spot limit order trading with all the benefits of trading on a DEX. Zero-Knowledge rollup 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 is built on guiding principles of being “permissionless, trustless and decentralized”. DeGate decentralized exchange allows you to trade having a similar experience to a centralized exchange, except that you are in full custody of your funds.

Product and Tech Update

DeGate tech team is working on a number of improvements in preparation for the Mainnet Beta launch, including:

  • Several minor but important User Experience improvements are being made to ensure a great smooth product experience when using DeGate.
  • Frontend Secure Isolation is being enhanced. DeGate frontend UI code is divided into Frontend General Code and Frontend Core Code. Core Code is used to interact with the Ethereum wallet and asset private key to sign transactions in DeGate. However, General Code, responsible for business functionality, can not directly access the private key. For stability and security, the upgrade frequency of the Core Code will be low.
  • Performance verification of the Order Book system.

In addition to the above, the external audit process of DeGate is also ongoing, to ensure security of the Smart Contract/Circuit.

Beyond improvements from the tech team, the research team at DeGate closely followed the implementation of the EIP 4844 amongst all major Ethereum consensus and execution clients, as DeGate has plans to migrate to a 2.0 version for much lower gas cost per trade upon this EIP’s deployment. Note that the word “migrate” here is accurate in its meaning, since DeGate is a non-upgradable protocol that is 100% trustless and has no admin keys.

Community

DeGate has reached 25k Twitter followers! We are getting stronger by the day.

New Headline!

DeGate is excited to announce the New Headline:

Trade easy, Sleep easy

Where does the new headline come from? First, you can trade easy on DeGate DEX- fast transaction match mechanism powered by Zero-Knowledge technology ensures that the trades are executed quickly and efficiently. Trading is made easy as traders can set Limit Orders on DeGate DEX and choose the price of trade execution. Moreover, there are zero fees for traders-makers on DeGate.

You can sleep easy when you trade on DeGate DEX. Contrary to centralized exchanges, DeGate protocol is trustless and decentralized, and you always remain in self-custody of your funds. DeGate protocol is secured by Ethereum- the most decentralized and secure blockchain today.

Trade easy, Sleep easy. Trading on DeGate DEX you are using a decentralized exchange, which is secured by Ethereum, and you are responsible for the custody of your funds. Last year, the weak points and failures of centralized entities were exposed and made people think again about using centralized versus decentralized platforms.

Centralized exchanges and crypto service providers usually have the convenience of easy login, password reset via email, customer support and other features, however, your funds belong to the entity. Not your keys-not your crypto. Participating in the DeFi ecosystem requires more attention to wallet, private key and seed phrase management.

Say No to CEX

DeGate is soft-launching a humourous campaign: Say No to CEX!

It was inspired by the events of the past year where many centralised exchanges (CEXes) got rugged. We think that DEXes like DeGate are the way to go.

Do you stand by self-custody and taking your wallet and private key management seriously? You will be able to show this by wearing a Say No to CEX signal on your social media profile. More details upcoming in the next few weeks.

http://saynotocex.com/

DeGate Content Contest

DeGate content contest has come to an end. We want to thank everyone for their submissions and content about DeGate. The winner will be announced soon!

DeGate cooperated with Quest3 and Taskon.xyz for the Content Contest, all you had to do is complete several simple tasks and win prizes!

Stay tuned on DeGate Twitter for more activities like this.

Crypto Events

The crypto community has a packed schedule this year, with numerous events happening around the world. ETH Global, which organizes Ethereum-centered hackathons, has already announced its schedule. DeGate evangelists will be participating in various crypto events this year to engage with the community and network with industry professionals.

DeGate evangelist Agne has already attended crypto events in Davos in January, where she had the chance to connect with industry peers and establish new connections for DeGate. Davos is famous for the World Economic Forum that is taking place in January each year, gathering World’s leaders in politics and business. Every year, the number of blockchain and crypto events in Davos around the WEF has been increasing, and this year was no exception.

The Blockchain Hub located on Davos Promenade was one of the most popular locations, attracting a large crowd eager to get inside. Bear market or not, the fact that the future is in crypto and digital assets is already clear not only for special groups of people but also for the leaders who have gathered at the WEF.

On the Davos Promenade, one could see the ‘houses’ of Filecoin Foundation, Circle, Hedera Hashgraph, while the Blockchain Hub was sponsored by Casper Labs and CV Labs, indicating that those projects have strong plans for the future.

ETH Denver

The next stop for DeGate is ETH Denver- the biggest crypto event of the year! We look forward to meeting the crypto community in Denver! DM DeGate evangelists Andrew and Agne if you are planning to go there, want to connect to DeGate and learn more.

During ETH Denver this year, DeGate is glad to be contributing something special to a poker game event!

Sign up for the event HERE.

DeGate is looking for Contributors:

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:

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!

About DeGate

DeGate, which operates as a DAO, is an Order Book DEX on Ethereum with Zero-Knowledge rollups. 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.

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