An on-chain order book protocol, the catalyst for DeFi mass adoption

With the growing recognition of decentralized finance (DeFi), the demand for decentralized exchanges (DEXs) with a greater person expertise and decrease prices has develop into one of many major targets of many blockchain initiatives. Gridex Protocol has taken a step ahead in addressing this want by launching an on-chain order e book buying and selling protocol that provides sturdy decentralized attributes.

A brand new kind of buying and selling protocol utilizing a twin algorithm framework

The Gridex Protocol group has launched a brand new kind of DEX utilizing their twin algorithm framework, offering an answer to the shortcomings of present automated market maker fashions utilized by mainstream DEXs. The group designed the GMOB mannequin and GPLM algorithm to unravel the issues of impermanent loss and excessive slippage points stopping customers from getting into DeFi.

Centralized exchanges (CEXs) often use a CLOB mannequin for the matching engine algorithms. Nevertheless, the CLOB mannequin requires important sources, making it unattainable for them to be deployed and run on blockchain networks. The GMOB mannequin improves the useful resource consumption drawback attributable to CLOB, permitting order books to be on-chain.

GMOB limits maker orders to an especially slender worth vary based mostly on proportion limits, including them to the system order e book as an alternative of executing them instantly. This function will increase liquidity in the complete system, like a CEX. Gridex Protocol drives incentives by offering makers with unfavorable transaction charges.

GPLM Algorithm Execution Technique

The GPLM algorithm primarily handles transaction execution and settlement, measuring linear proportional relationships between adjustments in token costs attributable to takers inside a selected worth vary and token buy portions. Even when all transactions are on-chain, the fuel consumption for the Gridex Protocol stays the identical as a relentless operate market maker with out imposing a better value burden on customers.

Gridex Protocol offers clear benefits for customers

Gridex Protocol is taking the person expertise to the following degree with its revolutionary expertise. Within the early levels of DEX growth, the main target was on decentralization and transparency, however because the market developed, enhancing person expertise turned a prime precedence.

Gridex Protocol provides a smoother buying and selling expertise and decrease prices than its opponents. Checks have proven that buying and selling with Gridex Protocol prices the identical as Uniswap v3, at round 120,000 fuel. Nevertheless, finishing orders with the “accumulate maker order” function can save customers as much as 60% of fuel charges in contrast with including or eradicating liquidity with Uniswap v3. This revolutionary function means customers can save as much as 40% on transaction prices by switching from Uniswap v3 to the Gridex Protocol.

Picture Supply: Gridex Protocol

The Gridex Protocol order system offers customers with three granular choices to steadiness transaction effectivity and payment earnings: 0.01%, 0.05% and 0.3%. For stablecoin pairs and different buying and selling pairs the place fast execution is important, customers can select finer granular modes. Coarser granular choices are additionally obtainable for high-volatility tokens to acquire elevated transaction rewards.

Gridex Protocol‘s native token GDX will checklist on D5 Change on March 15

Gridex Protocol has introduced that it’ll checklist GDX — its native token — on D5 Exchange on March 15. In response to the group, a complete variety of 200 million GDX tokens shall be issued, of which 70% shall be distributed to the neighborhood for proof-of-stake (PoS) rewards, maker rewards and airdrop rewards. The remaining 30% shall be used to reward core contributors and early buyers, and for challenge growth and advertising.

In response to the event roadmap, the Gridex Protocol group expects to launch a PoS mainnet within the second quarter of 2024, supporting mainstream layer 1s and layer 2s, establishing cross-chain order books, with D5 Change changing into the DEX that aggregates liquidity from the complete community.

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