ILYA Vladimirovich KORENEV

Gas fees are a major concern on the Ethereum mainnet. Conventional AMM DEXes incur high gas fees on Ethereum and provide only market orders, where traders have to accept the current market price for a trading pair. DeGate is a new type of protocol based on a ZK rollup which allows for spot trading through limit orders, similar in experience to a centralized exchange. The ZK technology powers a “match node” matching orders between traders, periodically recording the transactions on a mainnet. This ensures a faster, cheaper trading experience that is still secured by Ethereum. Crucially, the protocol is designed such that fees are low for takers of trades, and free for makers of trades.

Ultra-Efficient Gas Saving (UEGS) technology: This innovation built specifically for DeGate protocol this ensures significant gas savings while maintaining a decentralized protocol.

DeGate Asset Bridge makes the transfer to and back from Layer 2 much faster- there is no need to wait for 7 days in the case of a native bridge for optimistic rollups. DeGate makes this possible by operating pools both on Layer 1 and Layer 2. The user is able to do the transfer in one transaction.

The way private banks have traditionally distributed structured products leaves much to be improved upon. Customers are typically a payoff and they are offered a subscription period during which they can sign up and pay. Behind the scenes, the bank sales person and the private bank will take commissions and so will the structurer. The customer's yield will be eroded and the level of transparency will be minimal. And customers can only enter as buyers of the notes. To make matters worse, once a customer has subscribed to a structured product, he can only resell it back to the bank. With only one counterpart to trade with, banks are in a position where they can impose wide spreads on any buybacks. The playing field favors the private banks and the system is opaque.