Unless you are a complete newbie, you must have traded on a decentralized exchange (DEX) . You may have also encountered some challenges or limitations when using DEX, such as high gas fees, slippage, MEV attacks, poor user interface, lack of liquidity, etc.

What would you think if there was a DEX that could overcome these problems and provide a fast, secure, transparent and friendly trading experience? Let’s get to know iZiSwap.

Introduction

iZiSwap is the first AMM-based on-chain order book DEX on zkSync.

iZiSwap combines the advantages of the order book and the automatic market maker (AMM) mechanism to creatively propose the Discrete Liquidity AMM (DLAMM) model. iZiSwap provides users with an order book trading experience similar to that of a centralized exchange (CEX), while maintaining 100% on-chain composability and self-custody as a decentralized exchange (DEX).

Advantages

Compared with other DEX, iZiSwap has several outstanding features:

• Peer-to-peer pool and AMM design: users trade directly with the liquidity pool instead of trading with individual orders like on CEX, which reduces on-chain orders Book DEX’s transaction costs and gas fees. Market makers can provide liquidity in any price range and place multiple orders in a single trade, saving gas fees and improving capital efficiency.
• Zero slippage and protection against MEV attacks: Users can use limit orders to trade to avoid transaction slippage and be protected from MEV attacks during the transaction process. Unlike other DEXs that use off-chain order matching engines, iZiSwap handles all transactions on-chain, so there are no trust issues associated with off-chain mechanisms.
• 100% on-chain security and composability: The funds used by users to trade are non-custodial and 100% on-chain, so there is no risk of losing funds to cross-chain bridges or trading platforms. Liquidity can be easily integrated into aggregators. Users can also use NFT as proof of liquidity to participate in staking, lending or other scenarios.
• User-friendly interface: iZiSwap’s front-end UI design replicates the CEX trading experience, including watch lists, price charts, order management, and more. Users can easily find ideal trading prices and manage their assets conveniently.

Platform

iZiSwap will launch zkSync in 2022.

zkSync is a ZK-rollup solution for fast, cheap and secure transactions based on Ethereum. Through zkSync, iZiSwap improves its scalability, security and transparency to support more assets and bring convenient and low-cost services to more users.

Conclusion

iZiSwap is an epoch-making innovative DEX that draws on the best of others: it has the friendly user experience of CEX and the security of DEX. As an adventurer in the DeFi field, it actively embraces decentralization and is extremely innovative. If you want to experience a fast, secure, transparent, and excellent DEX, you should try iZiSwap.