DeGate is a decentralised order book exchange (DEX) protocol built on the Ethereum blockchain using Zero-Knowledge (ZK) technology, specifically ZK-Rollup. It supports spot trading with limit orders and grid trading, designed to offer a fast, efficient, and low-cost trading platform while allowing users to maintain self-custody of their assets.
DeGate operates on the Ethereum blockchain, leveraging ZK-Rollup as a layer 2 scaling solution to enable faster and cheaper transactions while maintaining the security of on-chain verification. Users' operations are initially processed off-chain, where a DeGate node verifies and bundles transactions into a zkBlock. These transactions are then validated on-chain through smart contracts, which handle asset custody and interaction processes. The platform offers a trustless trading environment without traditional consensus mechanisms like Proof of Work or Proof of Stake, relying instead on Ethereum's security and its innovative ZK-Rollup process.
DeGate's potential use cases include:
DeGate was launched in March 2021 and is governed as a Decentralised Autonomous Organisation (DAO), emphasizing community control. Significant milestones include the fair launch of its token (DG) on Uniswap, completion of its order book DEX, and the implementation of efficient gas-saving technologies. The platform is known for its community-driven approach, transparent updates, and pioneering use of ZK-Rollup technology to enhance decentralised trading efficiently and cost-effectively.