DeGate is a Decentralized Exchange (DEX) trading protocol that is secured by Ethereum.
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.