Zero Reborn Pt. 1
When $ZERO began its journey of creating a next-generation Decentralized Exchange , we wanted to create a faster, cheaper, and more feature-rich trading experience than what currently existed.
Throughout this journey we learned three major lessons:
- Initial farming emissions were too high creating unwanted sell pressure
- Wrapped tokens created walled gardens in each ecosystem
- Lacking of parent chain support creates TVL disparities
And achieved the following milestones:
- First DEX on Avalanche
- Bridges built to BSC, Matic, Avalanche, and Moonbeam
- About $70M TVL at peak
- About $1B in traded volume
- Multiple IDOs and IFOs
We pioneered cross-chain and created many patterns and practices that are now commonplace today.
So… where to next? The answer for us is simple. Focus on what we do best — bridging.
The Zero Bridge connects themost ecosystems with the speed, reliability, and cost that you've come to expect and the Zero Bridge will continue to grow and connect more ecosystems — over the coming weeks and months we'll be connecting to HECO, Cosmos, Fantom, Solona, and Near (Aurora). The Zero Bridge _is_ Zero. Our focus now shifts.
Multichain is the future — but must be reimagined and that starts over the next couple of weeks.
What is Relay Chain
Relay Chain is the Bridge of DeFi — it's the ecosystem that will stop at nothing to connect ecosystems and break barriers but now with sole focuses on utility, security, speed, and trust.
The Relay Chain Ecosystem enables four primary opportunities:
- Incentivize existing chains — making gas tokens easier to procure and have exposure to
- Protection against CEX risks and oversight
- Arbitration Opportunities
- Liquidity incentives (provided by the parent chain and partners) across popular ecosystem tokens
The Relay
The Relay is the ChainSafe Systems designed bridge that powers the entire ecosystem. Our bridge has a few unique traits that no other bridge has:
- Gas Token Airdrop — first time bridging to a new ecosystem comes with enough of the native gas token to do your first approval transaction and a couple of swaps
- Bridge resilience — we have spent the last month making our bridge bulletproof. Bridging ecosystems is actually quite complex and having a bridge that is both fast and free of stuck transactions is tricky due to the variable nature of the underlying networks (Polygon and BSC congestion for example). We rebuilt our relayers from the ground up with that resilience in mind and we can now state that 99.9% of our transactions go through without needing any manual intervention — while the small percentage of stuck transaction are resolved with a small delay.
- Speed — the average bridge transaction completes in under 2 minutes. This bridge is literally built for arbitragers.
- Ecosystems — Our bridge connects 5 Ecosystems and soon to be many more.
Zero Reborn Pt. 2…
- Gas Token Index ⛽️
- The Relay Bridge Opportunity
Zero Reborn Pt. 3…
- Tokenomics
- RELAY ZERO token swap information
Zero Reborn Pt. 4…
- Launch Information
Read more in Pt. 4..
Originally published at https://medium.com on June 21, 2021.
About RelayChain
Bridging as a Service (BaaS) Provider for DeFi Ecosystems: $RELAY $ETH $AVAX $MATIC $BSC and soon more.
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