Background

Zero-knowledge (ZK) technology has the potential to revolutionize a number of sectors by providing a safe and efficient way to verify information while maintaining privacy and security. The technology has a range of uses in areas including privacy, security, scalability, interoperability and sovereign identity, allowing one party to prove to another that something is true without revealing any information.

As new projects emerge in the DeFi space, they face the challenge of acquiring liquidity and achieving sufficient trading volume to remain viable. To address the limitations of the Zk ecosystem, Galoswap brings a new level of liquidity scaling to the ZK ecosystem.

What is GALOSWAP?

Galoswap is a community-driven project that aims to solve the liquidity problem on ZKsync ecosystem, using ZK-rollups technology for optimizing security and scalability
The project offers a comprehensive range of products and services, including a Decentralized Exchange, a Decentralized Perpetual Exchange, NFT marketplace support trading vesting tokens, farming, staking, and a Launchpad.

With the use of Zk-rollups technology, LP Card system and unique Defi mechanisms, Galoswap is committed to providing L2 projects with a wide range of innovative features that enhance liquidity and profitability.

How do we plan to achieve this?

Galoswap stands out from the rest of its kind due to its utilization of cutting-edge ZK-rollup technology and unique Defi mechanisms. Galoswap also pioneers in building the LP Card model to enhance liquidity size & better traders experience for the platform. By leveraging those unique features, Galoswap achieves unparalleled transaction speed, scalability, and security on the ZK network. In the case of Galoswap, we searched for the most effective methods to provide Liquidity-scaling solutions for new projects launchings on ZKsync.

Let's take a closer look at how we have implemented these various points in practice.

Galoswap distinguishes itself from other trading platforms with its four distinctive features:

1. LP card

Galoswap's LP Card system is a unique feature that redefines the ownership of liquidity pool tokens. This innovative system is designed to provide users with a secure and transparent way to manage their funds.

When users deposit their funds into a liquidity pool on Galoswap, they are eligible to mint an LP Card in the form of an NFT. This LP Card serves as a receipt for the fund deposit, providing users with proof of ownership of the liquidity pool. This ensures that users have complete control over their funds and can trade with confidence.

Those receipts are the only thing allowing a user to withdraw the corresponding funds, regardless of who is using them, so the owner of a LP Card is also the actual owner of the corresponding LPs, even if he did not deposit them originally.

That's why he can freely trade LP Card with other users on our marketplace while enjoying yield benefits with zero negative impact on the liquidity on Galoswap.

2. ZK-rollups

Galoswap is a decentralized exchange platform that utilizes ZK-Rollup technology. This innovative technology offers users near-zero swap fees and instantaneous transactions by compressing large numbers of transactions into a single transaction. As the transactions are compressed, ZK-Rollup can help reduce the amount of data that needs to be processed and the gas fees required to execute the transactions, making trading on Galoswap efficient and cost-effective.

With near-zero swap fees, users can trade with ease while leaving behind all the worries about high transaction costs. This makes Galoswap the ideal platform for traders and investors looking to maximize their potential in the decentralized finance space.

3. Real-yield

Galoswap enables higher capital efficiency and attempts to bring the real-yield approach to a DEX. Galoswap offers users a unique opportunity to earn real yield through providing liquidity or participating in DeFi activities on the protocol.

Galoswap’s Real-yield is an innovative solution that incentivizes participation and promotes liquidity provision, making it a leading choice for those seeking to earn real yield through their involvement in the DeFi space.

4. Decentralized & community-owned

Galoswap operates as a fully decentralized and community-owned platform, with all of its code available publicly on GitHub for transparency and trust-building purposes. To ensure the security and reliability of its operations, Galoswap's smart contracts are regularly audited by industry experts, giving users peace of mind when using the platform. Galoswap's commitment to transparency and decentralized governance ensures that the community's interests are taken into account and prioritized.

Our official roadmap will be announced next week, make sure to follow our social channels to get the latest updates.

• Discord:

  https://discord.com/invite/galoswap

• Twitter: https://twitter.com/GaloSwap

• Telegram: https://t.me/GaloSwap

• Mirror : https://mirror.xyz/0x11AE2441aEc01D3E177eF532A5Dc2Fb975fe2f8B/subscribe