Gate.io leads DeFi trading innovation, launching a Web3 contract based on ZK-Rollups

Gate.io
3 min readAug 10, 2023

The advancement of blockchain technology requires a balance between security, scalability, and decentralization. Decentralized trading is undeniably the future trend, and decentralization is also critical for security. To this end, Gate.io, as a leading one-stop global trading platform, leverages its technological prowess and extensive international experience to successfully launch a Layer 2 perpetual contract product based on ZK-Rollups technology and the Gate Chain smart public chain — the Gate.io Web3 Contract.

The Gate.io Web3 Contract is a decentralized perpetual contract trading platform built on Gate Chain. Users can enjoy a centralized contract trading experience while their assets are securely custodied by on-chain smart contracts. Currently, the Gate.io Web3 Contract can execute up to 100x leveraged USDT-settled perpetual contract trades and supports dozens of perpetual markets, including BTC and ETH.

The unique advantages of the Gate.io Web3 Contract include: secure and private, with funds stored in audited smart contracts; quick cross-chain deposit and withdrawal, supporting cross-chain deposit and withdrawal of several mainstream public chain stablecoins, including Ethereum, Solana, Gate Chain, Cronos, BSC, ETC, Heco, Polygon, Optimism, zkSync, Arbitrum, and others; quick on-chain settlement, clearing a batch of transactions in just 10 minutes; and innovative DeFi ecosystem, supporting other DeFi protocols like HipoSwap.

The Gate.io Web3 Contract employs ZK technology to settle transactions in the L2 system and periodically publishes ZK proofs to the smart contracts deployed on Gate Chain to verify the validity of the transaction status within L2. This method can increase transaction throughput and lower the transaction threshold while maintaining decentralization and non-custodial features.

In the Gate.io Web3 Contract, users can use USDT as collateral to open up to 100x leveraged positions in multiple perpetual markets. However, it is important to note that maintenance margin requirements are necessary; otherwise, positions may be automatically liquidated by the liquidation engine. In addition, users can benefit from the extensive market depth provided by professional market makers and share depth with Gate.io’s mature perpetual market.

Gate.io is committed to creating a better Web3 trading experience and will continue to upgrade and optimize the Gate.io Web3 Contract, launch more DeFi products and services, and build a comprehensive decentralized ecosystem. They welcome platform users and industry experts to participate in discussions and collectively explore the limitless possibilities of blockchain technology and share the infinite value of DeFi trading.

About the Gate.io Web3 Contract:

The Gate.io Web3 Contract is a decentralized perpetual contract trading platform built on GateChain. The trading engine of the Gate.io Web3 Contract uses ZK-Rollups technology to provide users with an improved decentralized trading experience. As a member of the Gate Web3 ecosystem, the Gate.io Web3 Contract will offer users multi-chain trading and cross-chain services, aggregating fluctuation data of different projects and trading pairs across various chains. Users are welcome to join the Gate.io Web3 Contract community on Twitter, Telegram, Discord, and Medium.

--

--