On February 17th, 2022, core contributor Aristokrates joined in an AMA on Celer Network's official Telegram channel to give fruitful information about the key features and roadmap of Kromatika, alongside announcing the additional liquidity farming rewards for all $KROM liquidity providers on Bridge.

Intro: Hello everyone and welcome to the joint AMA with the Kromatika team hosted by Celer Network. I am going to be muting the channel for all spectators to allow for the Kromatika team represented by Aristokrates to answer uninterrupted.

Hello, Before you start, can you introduce yourself?

Aristokrates: Sure, I’m Aristokrates, one of the core contributors of Kromatika Finance and a long term Defi user and developer.
Pleased to e-meet you all.

Q1: Wonderful. Thank you. Could share with us more about your project. How does Kromatika work?

Aristokrates: Sure, Kromatika protocol introduces the possibility for traders to place limit orders on decentralized exchanges, particularly on top of Uniswap (which does not support limit orders atm)
Limit orders are not a new concept, they exist in centralized exchanges and also to some degree on decentralized exchanges as well.
The new part here is that Kromatika is making it available on the newest UniswapV3, now powered by its own utility ERC20 token, KROM.

Q2: Very interesting. So this does lead to my next question which is what makes your project unique?

Aristokrates: UniswapV3 has introduced two new concepts called concentrated liquidity and range orders. The Kromatika protocol is built upon these new concepts.
Traditionally a limit order trade is achieved by doing a swap. With these two new concepts, a swap can be avoided and a trade can be done differently.
Kromatika Protocol is using Uniswap V3 smartly to add one-sided liquidity at a limit buy or sell price. That is, it puts liquidity in the UniswapV3 liquidity pool concentrated at a given buy/sell price.
This smart concept is a mix between the traditional order book concept and the more sophisticated AMM concept and Kromatika combines them both into a new hybrid DEX protocol.

Q3: Wonderful. So if traders wanted save assets using Kromatika dApp, how would they do so?

Aristokrates: Not only do the traders save assets, but they are also earning LP fees while limit trading, because Kromatika instead of market swapping it brings a few new benefits for traders:
- The limit orders are not subject to any swap fees…
- There is no price slippage as found in AMM,
- And the most annoying problem when swapping, Kromatika prevents sandwich attacks or swap price manipulations,…
All of these are possible since limit orders are implemented as liquidity provision around a given limit price and thus there are additional LP fees EARNED instead!!!!

Q4: We have quite a few people in the audience listening to all of this. What is the best way for someone watching today to get started with Kromatika?

Aristokrates: Kromatika was started exactly 3 months ago and we have already deployed our protocol on Optimism L2 network. Users can check it out and start using it right away.
Check for a short demo here: 
https://twitter.com/KromatikaFi/status/1477698017012731905
Kromatika has also deployed all its smart contracts and integrated with Chainlink keepers on Ethereum mainnet.

Q5: Now Celer Network and Kromatika have both announced our partnership. Would you like to take this time to tell us more about the Kromatika and Celer bridge partnership?

Aristokrates: When we started building Kromatika, we knew Kromatika would be a multi-chain dapp and protocol and we want to deploy it to many chains, giving a lot of opportunities for the limit traders on those networks.
Since Kromatika is powered by its utility KROM token, the token needs to be available on those chains as well.
We initially launched KROM to Mainnet, Arbitrum, and Optimism. The Layer2 native bridges have a 7 days withdrawal period, which was slower for our community 😞
This is where we started looking for faster bridge protocol for quite some time actually….
and finally came up with Celer cBridge as the best and fastest bridge for our case. 
Initially, we worked with Celer team to add KROM transfer supports between Mainnet, Arbitrum, and Optimism.
Few days ago, we launched the KROM token on Polygon, and immediately afterwards the CBridge Celer team added support for KROM bridge transfers on Polygon.

Q6: Very exciting. Also along the same lines what do you think Celer Network brings to Kromatika?

Aristokrates: We were really struggling with slow bridge times between L1 and L2.
This is where CBridge brings the possibility for KROM holders to easily and QUICKLY do cross-chain transfers between any of Mainnet, Arbitrum, Optimism and Polygon.
Since we are using the liquidity pool bridge model, we are allowing all KROM holders to provide liquidity on CBridge-KROM pool and thus earn APY from the cross-chain transfers.
AND
Finally, Happy to say that today, together with Celer, we are announcing another HUGE possibility for KROM liquidity providers on CBridge….

Q7: That leaves us on the edge of our seats here. Can you share with us what you have in store for users who are liquidity mining on cBridge?

Aristokrates: In the last 2 weeks, we have been working with the Celer CBridge team to enable liquidity mining for all KROM liquidity providers.
I would really want to use this opportunity to thank the Celer team for the support and collaboration to make all of this possible.
Within a few hours from this very moment, CBridge team will enable additional liquidity FARMING REWARDS for all KROM liquidity providers on CBridge!!!
On top of the already existing APY, now KROM LPs get an additional generous mining reward.
Look for the official announcement in a few hours from now and join Kromatika Telegram channel for more detailed information on the liquidity mining program:
https://t.me/kromatika_finance

Q8: Incredible and thank you for the kind words about the Celer Network team. It is greatly appreciated.
You have introduced Gasless limit trading, Can you explain how that works?

Aristokrates: Pleasure working with the Celer team.
Now back to the Kromatika protocol, the gasless feature is a super cool utility of Kromatika.
When a user creates a limit order via Kromaitka they will have the option NOT to spend ETH gas fees from their wallet.
Instead of them submitting the transaction on-chain, someone else, a relayer will execute it for them. Pretty simple, but cool feature.
Does this make the transaction free? No, but the user now has the option to pay for that cost with the deposited KROM.
There are two main benefits for this:
- Users do not need to hold ETH on their wallets if they don’t want to.
- Depending on the price when they bought and deposited KROM the entire cost could become very cheap in terms of USD.

Q9: That is a very cool feature. Looking to the future for the project, what’s next on your project’s roadmap that we can expect soon?

Aristokrates: The first priority was and still is security. Thus, we have applied for a security audit.
A few days ago, we have received the final audit report done by Certik. See: https://docs.kromatika.finance/security/certik-audit
What does that mean? Well, it means we are in the process of rolling out the protocol smart contracts and dAPP on Ethereum mainnet.
But that’s not where we stop, Once protocol mainnet launch is finalized, we are going for a Layer2 launch with Arbitrum first and Polygon deployment to follow.
We have also released an updated roadmap till Q3 2022, with some interesting features, like gasless limit and market swaps, KROM staking, liquidity mining for KROM LPs on Uniswap, governance token, DAO and many more.
More information on our roadmap: https://kromatika.finance/roadmap

Info: That is all extremely exciting and the future does look bright for the Kromatika team. Aristokrates thank you again for your time today to answer these questions.

For people that want more information on what Kromatika is building here are their links:

Homepage:https://kromatika.finance/
Discord: https://discord.gg/Uv2Q2v26JG 
Telegram:https://t.me/kromatika_finance Medium:https://kromatika-finance.medium.com/ Github:https://github.com/Kromatika-Finance

Aristokrates: In the name of Kromatika team, thank you Celer CBridge for having us onboard

Q10: Do you have an ETA for Ethereum Dapp ?

Aristokrates: The smart contracts and the protocol is already deployed on Mainnet, still we havent enabled access for everyone (via the UI). 
I would say a matter of days until we announce official public launch. 
The official ETA is Q1 2022, but it is happening within days.

Q12: How is the range selected for the limit order? Can we select a range ourselves also?

Aristokrates: The range is selected smartly by the Kromatika protocol, the user selects the target price for their limit order and the protocol does the smart calculation on the user’s behalf.

Q13:How do you aim to get Krom as mainstream as other DEX rivals?

Aristokrates: The most important thing we gonna do is showcasing it and compare it against the other DEXes. 
For example, a few days ago, we did a sample limit trade via Kromatika and compare it with 1Inch. 
We got 5% more for the same limit order via Kromatika … 
The showcase speaks for itself

Q14: Is there an API? If not is it planned in the future?

Aristokrates: There is not a centralized service API, however, users can integrate with the smart contracts directly .. and we gonna publish the contract api on our docs.

Q15: Can you tell in % what the mining fee will add to APY thanks.

Aristokrates: Would suggest waiting for the official announcement here and on Kromatika Telegram about the liquidity farming rewards and its amount. It's a matter of hours until the Celer team enables it. The liquidity mining reward is big and the campaign time is ls also long.

Q16: Are you planning on marketing before the official launch ? Or it will occurs after

Aristokrates: Kromatika was fair launched, community project, we welcome all contributors and collaborators to use the protocol, see its benefits and promote it.
Of course, Kromatika also has a marketing team.

I think I’ve covered all your questions

Info: I think so as well Aristokrates. I wanted to thank you again for your time and really look forward to what is coming up with your project.

Aristokrates: Thank you. Looking forward to the live farming announcement this evening/afternoon. Cheers