DerpDEX and Coinweb Forge Strategic Integration to Expand Cross-Chain DeFi Capabilities

Hong Kong, 18 April 2024 DerpDEX, a leading concentrated liquidity decentralised exchange (DEX) operating within the zkSync, Base, and opBNB ecosystems, is delighted to announce its integration with Coinweb, a cutting-edge layer 2 interoperability platform. This collaboration marks a pivotal development in expanding the DeFi ecosystem through innovative cross-chain functionalities and enhanced market accessibility. Coinweb Labs has extended a grant to DerpDEX to expedite development and nurture a successful collaboration between the two parties.

DerpDEX is revered for its robust DeFi offerings, providing traders, liquidity providers, and meme coin projects with an unparalleled array of services. Its ecosystem features advanced market-making algorithms, tokenomic strategies, and an IDO launchpad tailored to support emerging projects. The integration with Coinweb leverages their Wallet Library, enabling a new breadth of meme coins from the Coinweb ecosystem to list seamlessly on DerpDEX. Additionally, the integration includes the adoption of Coinweb's PACT technology, facilitating efficient and secure cross-chain swaps, thereby broadening the reach of DerpDEX to include multiple new blockchain networks.

With ~$5 million in total value locked (TVL) and a thriving community of 170,000 members spanning various channels, DerpDEX stands as a premier, meme-focused DEX. However, its offerings extend beyond typical DEX functionalities, including fiat-to-crypto conversion, automated trading solutions, and comprehensive project support from inception to launch.

Key Highlights of DerpDEX:

  • Light-hearted, meme-centric trading environment coupled with a robust liquidity infrastructure.

  • Utilises UniV3 concentrated liquidity market-making algorithms across multiple blockchain networks.

  • Features an innovative market-making algorithm, CLAMM with C-parameter, optimising liquidity efficiency.

  • Implements deflationary $DERP tokenomics, including token buybacks and burns.

  • Offers a versatile IDO launchpad supporting various launch models to accommodate a wide range of project needs.

Commenting on the partnership, the CEO of DerpDEX expressed enthusiasm, stating, “Integrating with Coinweb not only broadens our technological horizon but also aligns us with a like-minded partner committed to fostering innovation and growth in the blockchain space. Together, we are set to redefine the possibilities within decentralised finance.”

About DerpDEX

DerpDEX is a leading concentrated liquidity decentralised exchange (DEX) nestled within the realms of zkSync, Base & opBNB, featuring a holistic all-in-one DeFi ecosystem that offers traders, liquidity providers, and new meme projects an unprecedented suite of features and opportunities.

About Coinweb

The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralised applications across multiple blockchains, effectively merging them into a unified ecosystem. This innovative approach empowers developers to leverage the strengths and functionalities of each blockchain, optimising performance and versatility.

About Coinweb Labs

Coinweb Labs is a design and build consultancy that specialises in creating custom-built and turnkey solutions for decentralised applications interacting with the Coinweb Protocol. Coinweb Labs has recently launched a $10m Grant Programme to help incentivise and accelerate the development of projects looking to build on the Coinweb Protocol.

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