Welcome to DeGate July 2023 Ecosystem Update!
DeGate allows you to Trade easy, Sleep easy. DeGate DEX is a decentralized trading protocol that enables Order Book spot trading while users are in self-custody of their funds.
DeGate DEX has low fees, no fees for traders-makers and enables Efficient Gas Saving Technology for efficient and cheap decentralized trading.
DeGate pays special attention to the security of the protocol and is designed in a way that no malicious actor can do any evil, while users’ funds are safe at all times. Placing the protocol’s safety as the key priority, DeGate is running an ongoing $1.11 million Bug Bounty with Immunefi.
DeGate is currently live on Mainnet Beta. During this testing period, TVL is limited to $3m, guaranteed by DeGate DAO.
- Trading volume reached over USD 17.6 million
- 233 ZK Rollup batches were submitted to Ethereum Layer 1
- 463 Grid Strategies are running on DeGate. They have generated a total of USD 10,686 in revenue for the users
DeGate v22.214.171.124 has been launched. The tech team is continuously improving the functionalities of DeGate DEX, making it more user-friendly and efficient to use.
Most recently, the Ledger Ethereum app version detection feature has been added. Now, when using Ledger hardware wallet with DeGate, users can view signature details in plaintext, rather than in the previous hash value, allowing for a better experience.
When making a trade, users can now see 24h High Price and 24h Low Price merged into one parameter ‘24h Price Range’ on the trading page, for a more concise presentation of information.
DeGate’s decentralized grid trading page has also been improved — the details of locked assets have been updated, giving a better user experience when using grid strategy.
In the last AMA, we were thrilled by the incredible engagement and active participation from our vibrant community. The outpouring of questions and enthusiasm was truly remarkable. While we couldn’t address every question during the live event, we want to assure you that each question has been given the attention it deserves. In this comprehensive Q&A, we have carefully curated and categorized the questions into main themes, allowing us to provide detailed and comprehensive answers. Dive into topics about liquidity, comparison of DeGate to other DEXs, DeGate decentralized order matching and other questions in this Q&A post-LINK.
Exciting news! Now you have the opportunity to see and compare DeGate fees on https://l2fees.info.
This fantastic website is dedicated to comparing fees on various Ethereum Layer 2s. Discover low fees on DeGate, which operates an app-specific Layer 2 on Ethereum mainnet.
This July, Ethereum marked eight years since the Ethereum Foundation announced the rollout of the network. Ethereum has made a significant impact already and has a challenging scalability and user adoption journey ahead. DeGate is proud to be contributing to the Ethereum ecosystem, aiming towards liberty and order in the crypto world. Read the blog post ‘Ethereum Launches’- published by former Ethereum Foundation CCO Stephen Tual on July 30, 2015, announcing that the network has been rolled out- LINK.
DeGate was honored to take part in EthCC, the premier Ethereum community gathering in Europe. This exceptional event, together with a plethora of side events that week, transformed the streets of Paris into a hub of crypto fashion and enthusiasm while discussing Ethereum scalability, ZK, privacy and DeFi. EthCC stands as a pivotal annual event for crypto ventures, often serving as a launchpad for significant announcements, accomplishments and innovations within the Ethereum ecosystem. EthCC  saw a number of unveilings, reaffirming the ongoing push towards Ethereum scalability and innovation in the industry.
Read more about EthCC in the selected Twitter threads:
DeGate hosted a football event which ran under the umbrella of Footy DAO https://footydao.xyz. Other co-sponsors included Antalpha Hacker HouseEduDAO, BuidlGuild and IT Rocks (Web3 consultancy firm). Around 60–70 participants gathered to play in Paris! Watch our football event after-movie- LINK
DeGate looks forward to hosting football events in the future, the next one is during ETH Milan- sign up via footydao.xyz to participate.
Blockchain Futurist Conference Toronto
DeGate is looking forward to participating in Blockchain Futurist Conference in Toronto! Coming to the event? Make sure you visit DeGate booth and get special Toronto-dedicated DeGate swag!
DeGate evangelist Agne will be participating in a panel discussion: ‘The Rise of DAOs: A Paradigm Shift in the Governance and Decision Making’.
Come and say Hi to DeGate in Toronto!
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’, 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. DeGate Mainnet Beta is live on https://app.degate.com/.