DeGate: Pioneering a New Era of Decentralized Trading

DeGate: Ethereum L2 DEX with No Fees, Full Control

DeGate is a cutting-edge decentralized exchange (DEX) developed to work as an Ethereum layer-2 (L2) solution. Its main function is to take the best from CEX and DEX, offering the audience a platform that is fast and cost-efficient, safe and controlled by the community. DeGate is based on zk-Rollups technology that allows it to be a scalable and secure platform for trading and investing.

What is DeGate?

DeGate is an on-chain order book DEX that is secured on Ethereum, think of it like an on-chain Binance where you can spot trade all kinds of assets. 

Main Features

On-Chain Limit Orders

One of the most notable features of DeGate is the on-chain limit order capability. While most DEXs are built on the AMM model, DeGate allows users to place limit orders in an order book mechanism. This order book mechanism is a more efficient way to trade that is commonly found in centralized exchanges. Even though DeGate's order book is on-chain, trading fees, and gas fees are almost as cheap if not cheaper than most CEXs.

Dollar-Cost-Average (DCA) – Free of Charge

DeGate also has a Dollar Cost Average feature that enables the user to set the buying plan to take place at regular intervals. This feature is completely free, no trading or gas fees are required to be paid for using this feature. DCA is often used by investors who want to minimize the effect of fluctuations in the market and who invest in equities over a long period. DeGate’s DCA tool provides this strategy to the masses without any charge, and this means that users can optimize their investment strategy without having to worry about losing money to fees.

On-Chain Grid Trading – No Fees Involved

Another useful instrument that DeGate has is Grid trading which is considered to be one of the first DEXs to implement it. Grid trading is a method of placing a series of buy and sell orders at a fixed time intervals so that users can make profits out of the fluctuating market without having to monitor it constantly.

What makes DeGate different is that this feature is fully on-chain and there are no trading fees or gas fees involved. This is a major plus for traders who seek to employ auto-trading to make the most of their profits without incurring the common expenses of grid trading on other platforms.

Roadmap – The Journey to Hyper Scalability

DeGate's development has been carefully planned and executed through a multi-phase roadmap, ensuring that each stage builds upon the previous one to deliver a robust and scalable platform.

2021: Project Launch and Foundation Building

DeGate launched its whitepaper and conducted an initial Uniswap offering of the DG token. The project also introduced a liquidity bootstrapping pool on Balancer and launched its asset bridge during this phase.

2022: Testnet and Security Enhancements

The focus shifted to launching the testnet and conducting extensive security testing in collaboration with leading security audit firms. This phase ensured the platform's security and readiness for broader adoption.

2023: Mainnet Beta and Product Refinement

DeGate's mainnet beta was launched, accompanied by the introduction of the Immunefi bug bounty program. The team engaged in intensive user testing and feedback collection, which led to major listings of ERC-20 pairs and on-boarding of special token pairs. A media campaign targeting micro-influencers was also launched to increase awareness and adoption.

2024: Mainnet Launch and Marketing Push

The full mainnet launch of DeGate 1.0 marked a significant milestone, supported by extensive media campaigns involving major influencers and PR efforts with leading media platforms. Product enhancement prototypes and a brand video were also introduced to further solidify DeGate's market position.

2025: Hyper Scalability with DeGate 2.0

Looking ahead, DeGate plans to release DeGate 2.0 with EIP-4844, focusing on hyper scalability. This upgrade is expected to further enhance the platform's performance, making it a leading player in the DeFi space.

DeGate Relief Airdrop

DeGate ($DG) Token Airdrop is scheduled to take place from July 17, 2024, to August 16, 2024. This relief airdrop is to supported affected WazirX users, to participate you can visit https://form.jotform.com/242032087484455. 

Conclusion

DeGate is a revolutionary innovation in decentralized exchanges since it combines the advantages of CEXs and the security and independence of DEXs. Some of the features include on-chain limit orders, free DCA, and fee-free on-chain grid trading making DeGate a platform that suits traders of all risk tolerance levels. Being the first protocol that implemented these features on a decentralized platform, DeGate is setting the bar high for what users can get from a DEX. DeGate’s focus on decentralization and its community, along with advanced technology, makes it stand out as a leading L2 DEX provider for the future of trading.