ZigZag Exchange

Decentralized limit order matching engine (similar to Serum) for EVM chains.

Currently on Base, Robinhood Chain, and Ethereum testnets.

[ZigZag Exchange @zigzagxc]

Our DEX is going to come with functionality that makes your stablecoins and any other issuer issued coins seizure resistant (the issuer can no longer confiscate your coins). More details to come in the days ahead.

[ZigZag Exchange @zigzagxc]

@Clitry you gonna be on the prosecution side?

[ZigZag Exchange @zigzagxc]

We've built our protocol to be as decentralized as possible.

We're prepared for the regulatory flood headed our way.

I think our protocol will be the winner in this ugly climate.

[Flood @ThinkingUSD]

We've derisked quite a bit. After derisking higher we kept re-adding. That has completely stopped.

This isn't purely an alpha based call. I don't have a good read on the market, we're up a lot into year end and want to crystallize gains, and I'm worried about what's coming.

Short term, crypto may be uninvestable. Democrats are probably going Gensler 2.0. There are plenty of nasty outcomes:

- DATs made illegal and forced to unwind
-Warren Banking Oversight
- Protocols pushing memecoins getting prosecuted
- Privacy tokens treated as hostile

Mid to long term, this is obviously a net good for Bitcoin. Democrats will likely accelerate spending and fiat debasement, and the industry may come out better once it gets "cleaned up."

Expect a tremendous amount of volatility. It will present incredible buying opportunities.

Note: The democrats cannot replace the CFTC chair who has been ruling favorably for stock perps and DeFi generally, so some assets may not be totally evisercated.

[ZigZag Exchange @zigzagxc]

We could probably get away with no lot or minimum order sizes if we specify quote quantities in buy orders.

[ZigZag Exchange @zigzagxc]

Some more thoughts on the v2 design. We might have the user specify a quote quantity instead of rounding up on buys. That would solve the issue without losing support for fee-on-transfer tokens.

[ZigZag Exchange @zigzagxc]

While we're waiting on the SSL certs to load for our domain, we've decided there will be a v2 design soon. V1 uses round down taker buy fills which requires minimum order sizes to operate smoothly but allows the use of fee on transfer tokens like PAXG.

V2 will round up on taker buy fills, and allow us to remove minimum order sizes, but remove support for fee on transfer tokens. Both will be available simultaneously on the frontend when it's ready.

[ZigZag Exchange @zigzagxc]

That's how OpenBook on Solana works. They also use lot sizes instead of minimum order sizes but I think we will stay away from that one.

[ZigZag Exchange @zigzagxc]

@NisiLag That's just a typical ETH node. You can look it up.

[ZigZag Exchange @zigzagxc]

When we go live on Ethereum we will be the most decentralized exchange. Limit orders, no expiries, natively composable, no external servers. There won't be a better way to trade while avoiding the reach of prying authorities.

[ZigZag Exchange @zigzagxc]

@vladtenev https://t.co/CoWA6WA8a2

[ZigZag Exchange @zigzagxc]

When we go live on Ethereum we will be the most decentralized exchange. Limit orders, no expiries, natively composable, no external servers. There won't be a better way to trade while avoiding the reach of prying authorities.

[ZigZag Exchange @zigzagxc]

For those of you who live in restricted jurisdictions where self hosting is allowed or wish to self host the frontend so that you don't have to take domain, code change, or website hack risk, our frontend will be super easy to fork and run. You can just fork it into your personal github and turn on Github Pages for that repo and you will have a fully functioning website. We will do a demo on how to do that when we're live on mainnet.

[ZigZag Exchange @zigzagxc]

While we're waiting on the SSL certs to load for our domain, we've decided there will be a v2 design soon. V1 uses round down taker buy fills which requires minimum order sizes to operate smoothly but allows the use of fee on transfer tokens like PAXG.

V2 will round up on taker buy fills, and allow us to remove minimum order sizes, but remove support for fee on transfer tokens. Both will be available simultaneously on the frontend when it's ready.

[ZigZag Exchange @zigzagxc]

@blockreq @grok Thanks guys. 170k + 42k gas per fill. That's what we're looking at now, so we think it can still be very reasonable, especially all in once you include that we don't have LP fees.

[ZigZag Exchange @zigzagxc]

@__Faife had to close it down because of some co-founder issues. we're reviving it now.

[ZigZag Exchange @zigzagxc]

Screenshot of the latest DEX. It's a lightweight matching engine entirely on chain. Capable of having the cheapest trading environment for users. We're looking forward to showing this off to users soon.

Try the testnet in the meantime.

https://t.co/0okOC2mrt9

[ZigZag Exchange @zigzagxc]

@KING_FUTURES9 sure

[ZigZag Exchange @zigzagxc]

We're on testnet!

This is the new decentralized orderbook spot exchange on Ethereum, Base, and Robinhood Chain. Fully on-chain matching, no external dependencies.

Designed to have as few dependencies as possible. Like Serum for Ethereum.

https://t.co/0okOC2lTDB