What is DerpDEX? DerpDEX is a decentralized exchange built on L2 zkSync – the zk-rollup protocol that is being awaited for the future trend. So what is DerpDEX? Let’s find out through the article below.
To better understand the article What is DerpDEX, people can refer to some of the projects below to get an overview of DerpDEX.
- zkSync – Leading the Trend of zk-EVM and zk-Rollup
- zkSync Ecosystem: Strongly Benefit from Arbitrum Retroactive
- Overview of the ZkSync Ecosystem in 2022
What is DerpDEX?
Overview of DerpDEX
DerpDEX is the native liquidity infrastructure and CLAMM on the zkSync ERA network, aiming to become the leading decentralized liquidity DEX with an All-in-one DeFi ecosystem on the zkSync-Era L2 ecosystem. Deliver superior performance to both traders, liquidity providers, and new project launches with All-in-one DeFi infrastructure tools.
DerpDEX is integrated with Uni v3’s centralized liquidity market. DERP and xDERP tokens are developed based on the model of GRAIL and xGRAIL of Camelot DEX. The project is built from an experienced DeFi team, degens, and proven builders.
The DerpDEX difference
- Meme + DEX focused protocol with liquidity infrastructure.
- Premium Derp Market Maker (DMM) algorithm outperforms LPs by up to 400% compared to regular AMMs.
- DERP tokens with a deflation mechanism by buying back or burning to increase the long-term value of the token.
- Comprehensive product, marketing, community, and smart contract support to launch new projects on DerpDEX on zkSync.
The components that make up DerpDEX
- Trader: Traders who swap tokens on the platform.
- Liquidity Provider: Group of liquidity providers for pools.
Mechanism of action
- Step 1: Make a swap from any token to DERP token.
- Step 2: Stake DERP tokens to exchange for xDERP (the higher the lockup period, the bigger the reward)
- Step 3: Or you can use it for farming and join launchpad.
Development roadmap
Updating…
Core Team
Updating…
Investor
Updating…
Tokenomics
Overview information about DERP token
- Token Name: DerpDEX
- Ticker: $DERP.
- Blockchain: zkSync.
- Token Standard: updating…
- Contract: updating…
- Token Type: Utility, Governance.
- Total Supply: 100,000,000,000 DERP
- Circulating Supply: updating…
Token Allocations
- Foundation reserve, ecosystem growth & liquidity 55%
- KNIFE 20%
- Private & public investors 15%
- Team & advisors 10%
Token Release
The DERP supply will be released linearly over a total period of 4 years. This ensures long-term DERP incentives are aligned.
Project information channel
Token Usecase
In addition to being used for utilities such as: staking, participating in launchpad whitelist, and making transaction fees. DERP token holders can also participate in voting for governance tasks.
Exchanges
Currently the project is in the testnet phase so the token has not been listed.
Project information channel
- Website: https://derpdex.com/
- Twitter: https://twitter.com/DerpDEXcom
- Telegram:
Summary
In addition to being in a highly anticipated ecosystem in the future, DerpDEX has the features that a new generation decentralized exchange must have. Although it is in the testnet stage, the products that Derp promises will be very attractive to users.
Above is what you need to know to understand what DerpDEX is. Hopefully through this article, people will find the necessary information for the research process.
