This article is written by DeGate evangelist Carlos Ramos. The views expressed herein are those of the author and do not necessarily represent the views of DeGate. The views expressed are not to be taken as financial advice. We thank Carlos Ramos for his analysis.
Grid Strategy or grid trading is a trading mechanism that automates buying and selling within a defined range. It enables you to place a series of buy and sell orders within a designated price range; when a buy order is executed, it instantly places another sell order at a higher grid level, and vice versa. Grid strategy performs best in sideways markets when prices fluctuate regularly within a defined range, enabling you to make profits on small price changes.
We are thrilled to announce that DeGate has successfully completed the Trusted Setup Multi-Party Computation (MPC) ceremony. DeGate is a trustless Order Book DEX trading protocol that utilizes ZK-Rollup technology. The Trusted Setup is a crucial and necessary procedure to activate the protocol on the mainnet.