DerpDEX launches Beta mainnet on zkSync Era and initiates DERP token airdrop
DerpDEX announced that after successfully launching the testnet in mid-June, it has launched the Beta mainnet on zkSync Era on July 12, 2023.Author: DerpDEX
DerpDEX is a decentralized exchange (DEX) running on zkSync, aiming to establish itself as the primary DEX for concentrated liquidity on L2 zkSync. The core vision of DerpDEX is to develop an automated market maker (AMM) that matches the performance of traditional market makers (MM).
DerpDEX combines the advantages of Web3: a perfect blend of "DeFi + MeMes + NFT," powering the MeMe movement on the L2 zkSync network. By restoring the former glory of Derp, as a network sensation aimed at entertaining Degens worldwide, we are making Derp great again. By leveraging the powerful capabilities of L2 zkSync, DerpDEX ensures lightning-fast transaction speeds, low fees, and higher scalability, making DerpDEX the preferred platform for rapid execution and high-performance trading.
Why Choose DerpDEX
a. The outstanding Derp Market Making (DMM) algorithm, developed by experienced derivatives traders, has been backtested to show LP performance up to 400% higher than conventional AMMs.
b. The Initial Derp Offering (IDO) launchpad focuses on the issuance of new tokens to drive growth and TVL on DerpDEX.
c. DeFi infrastructure tools, namely entry and exit ramps, support any project on DerpDEX.
d. The latest web3 wallet infrastructure support; "Account abstraction erc-4337."
e. End-to-end product, marketing, community, and smart contract support for new project launches on DerpDEX on zkSync.
DerpDEX is excited to announce that after the successful launch of the testnet in mid-June, the Beta mainnet was launched on zkSync Era on July 12, 2023. The testnet phase attracted over 25,000 users and witnessed over 400% significant social growth. This major milestone lays the foundation for the highly anticipated launch of the DerpDEX mainnet beta.
Key Features Launched During Mainnet Beta:
1. Token Swap
It allows users to exchange one ERC20 token for another based on the existing liquidity in specific token pools.
2. Provide Liquidity Using CLAMM
It utilizes concentrated liquidity automated market making to enhance capital efficiency through better user experience and fee-adjusted pricing. This not only allows limited partners to achieve higher capital returns but also significantly improves trade execution, now comparable to or even surpassing the quality of centralized exchanges and stablecoin-focused AMMs.
3. Smart Routing
The smart router seeks the best paths between different mining pools and supports multi-hop and route splitting, providing users with the best prices and more efficient liquidity.
4. DEX Aggregator Integration
This is another innovative idea that integrates a DEX aggregator (1inch) into our DEX, providing alternative trading routes for rare token assets, allowing users to enjoy lower slippage and cost-effective swaps from multiple liquidity sources at any time using our DEX.
5. Bridge
We have integrated a built-in smart contract native bridge on the portal to facilitate token transfers between Ethereum (Layer 1) and zkSync Era (Layer 2) without relying on centralized entities or intermediaries. We also offer more customizable ERC20 token options that can be transferred using our bridge.
6. Allowance
It allows sharing approvals between different smart contracts in a single transaction flow by sending signatures along with the transaction data of any token. Therefore, if the swap routing includes multi-hop or routes with different tokens at once, users can approve multiple tokens.
7. Analytics
The analytics provide more detailed data on liquidity pools and tokens, helping to easily track the history of tokens and pools.
DerpDEX aims for an extraordinary goal—becoming the heartbeat of liquidity on the zkSync Era network. The vision of DerpDEX is filled with innovation and ambition, aiming to create value through dynamic partnerships with emerging and established protocols. We will collectively tackle the challenges of launching liquidity from scratch and overcoming the barriers of starting new ventures.
But that's not all—DerpDEX is committed to providing sustainable solutions that will fundamentally change the cost of incentivizing liquidity in the long run. Get ready to witness a groundbreaking journey where the boundaries of possibility are pushed, and DerpDEX redefines the landscape of decentralized finance.
As DerpDEX prepares for the Beta mainnet launch, get ready for an adrenaline-pumping adventure. To celebrate this significant moment, we are launching an exciting campaign. Get ready for a chance to win an incredible DERP token airdrop worth up to $150,000.
DerpDEX Beta Mainnet Event Highlights: Airdrop worth $150,000; IDO whitelist allocation; Exclusive DerpDEX Beta mainnet launch NFT.
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