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Difference between revisions of "Phezzan Protocol"
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=== Launch Testnet on Rinkeby (April 2022 - July 2022) === | === Launch Testnet on Rinkeby (April 2022 - July 2022) === | ||
Phezzan Protocol uses [[Uniswap]] V3, [[Chainlink]], and [[The Graph]], and all those three were not written in Solidity 0.8<ref>https://medium.com/cryptostars/phezzan-is-going-to-launch-testnet-on-rinkeby-eths-testnet-4aa516e25ef6</ref>. Since zkSync 2.0 only supports Solidity 0.8 by the time, Phezzan team launched its testnet on [[Rinkeby]], and then started working on upgrading its Solidity version. During Phezzan's peak hours, Phezzan Protocol drove up [[gas fees]] for the entire Rinkeby network<ref>https://twitter.com/junhaotan_/status/1519594884319035393?s=20&t=05nSr4iWdYSoxjY1_I2w0Q</ref>. | Phezzan Protocol uses [[Uniswap]] V3, [[Chainlink]], and [[The Graph]], and all those three were not written in Solidity 0.8<ref>https://medium.com/cryptostars/phezzan-is-going-to-launch-testnet-on-rinkeby-eths-testnet-4aa516e25ef6</ref>. Since zkSync 2.0 only supports [[Solidity]] 0.8 by the time, Phezzan team launched its testnet on [[Rinkeby]], and then started working on upgrading its Solidity version. During Phezzan's peak hours, Phezzan Protocol drove up [[gas fees]] for the entire Rinkeby network<ref>https://twitter.com/junhaotan_/status/1519594884319035393?s=20&t=05nSr4iWdYSoxjY1_I2w0Q</ref>. | ||
=== First Perpetual DEX on zkSync 2.0 & Orderbook (August 2022 - now) === | === First Perpetual DEX on zkSync 2.0 & Orderbook (August 2022 - now) === | ||
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=== Orderbook === | === Orderbook === | ||
Phezzan Protocol will use the orderbook model. Compared to the AMM model, the orderbook model is more capital efficient, offers lower trading slippage, and zero impermanent loss for LPs. | Phezzan Protocol will use the orderbook model. Compared to the [[AMM]] model, the orderbook model is more capital efficient, offers lower trading [[slippage]], and zero [[impermanent loss]] for LPs. | ||
=== Permissionless LP === | === Permissionless LP === | ||
Phezzan Protocol enables permissionless automatic market making strategies so | Phezzan Protocol enables permissionless automatic market making strategies so retail LPs can easily provide liquidity as they do in AMM style DEXs. A regular crypto user can select any number of market making strategies with a click of mouse and start market making. | ||
=== Collateral, Trading Pairs, and Leverage === | === Collateral, Trading Pairs, and Leverage === | ||