Introduction: Gridex Protocol and its sponsorship of the European Blockchain Convention
Gridex Protocol, a cutting-edge trading platform built on Ethereum, recently sponsored the European Blockchain Convention held in Barcelona from February 15-17, 2023. The event drew more than 3,000 attendees and 200+ speakers from across the blockchain and crypto world, making it the most influential blockchain event in Europe. As a diamond sponsor, Gridex Protocol used this opportunity to showcase its revolutionary on-chain trading protocol.
The importance of the on-chain order book protocol in driving mass adoption of DeFi
During the event, Ali Al-Ali, co-founder and technical lead of Gridex, spoke about how a fully on-chain order book protocol is the key to mass adoption of decentralized finance (DeFi). While the AMM model used in mainstream decentralized exchanges (DEXs) brings convenience, it has its limitations such as high slippage, limited trading functionality, and impermanent loss on volatile pairs. Gridex Protocol instead utilizes the order book model, which is typically used in centralized exchanges, to be viable on-chain.
The limitations of the AMM model and the advantages of the Grid Maker Order Book Model
The Grid Maker Order Book Model, a breakthrough achievement for Gridex Protocol, significantly reduces resource consumption to as low as an AMM, and in some cases even lower. This model allows for the placement of maker orders of any size and price, without the fear of slippage or impermanent loss, providing traders with more flexibility and control over their trades while minimizing risk.
Gridex Protocol’s commitment to offering an
In addition, Gridex Protocol is committed to offering an excellent user experience, driving decentralization and transparency throughout the DeFi market. The platform uses persistent, non-upgradable smart contracts on Ethereum and is set to launch in March 2023. Its next step is the development of Gridex Proof of Stake (PoS), which will enable it to become a layer 0 cross-chain order book protocol that supports all mainstream layer 1s and generalized layer 2s, including Ethereum, Arbitrum, Optimism, Polygon, and even Bitcoin.
The future of decentralized trading lies in on-chain trading, and Gridex Protocol is pioneering this innovation with its revolutionary on-chain trading protocol. With its high-quality user experience, transparent and decentralized trading functionality, and risk-mitigating features, Gridex Protocol is at the forefront of the DeFi market.
If you are looking to try out the Gridex Protocol, you can do so with ease, as the trading interface is user-friendly, and the platform is accessible from any device with an internet connection. Gridex Protocol’s innovative on-chain trading protocol represents a major step forward in decentralized trading, providing traders with greater control over their trades while minimizing risk.