We’re super-excited to announce that Kromatika is now officially deployed on Arbitrum!
With low transaction costs and speedy transactions, Arbitrum is a wonderful place for DeFi. Adding Arbitrum to the Kromatika protocol opens the space for crypto traders to benefit from trades without Swap Fees, no Price Slippage, and no Front running bots.
Arbitrum is an Optimistic Rollup solution that supports the same byte code as Ethereum, so that Ethereum developers could easily cross-compile their contracts for running on Arbitrum. This ensures full compatibility with Ethereum on the smart contract and Web3 interface levels.
Kromatika utilizes smart contracts to empower blockchain users to tackle issues they encounter daily. We aim to contribute to the core blockchain values of trust, decentralization, and innovation all while focusing on reduced cost to become an indispensable part of the decentralized community.
About Kromatika
Kromatika is a decentralized trading protocol enabling crypto traders to do limit orders on top of Uniswap DEX. This alone is quite a useful Dapp by itself, but the real innovation is the ability to trade without any swap fees, without any price slippage, and with no risk of front-running bots.
To power all of this, the $KROM token is a non-mintable ERC 20 token audited by OpenZeppelin and MythX. It has a supply of 100 million tokens and it is used as a fee token to enable users to trade crypto assets and pay the service fee in $KROM. The service fee on Kromatika is fixed, regardless of the amount swapped.
The Kromatika protocol uses the Uniswap V3 feature of concentrated liquidity to enable traders to make limit order trades without swap fees. In the background, the user is providing liquidity to a pool until the price reaches the target for the specified limit order.
Recently we introduced Gasless limit trades, Kromatika protocol gives the opportunity to its users to use KROM for compensating the Relayers. Note, this feature is experimental and optional, users can decide to enable the gasless mode if they please.
The Kromatika protocol code is open-source and hosted on GitHub under the GPLv3 license. We invite open-source contributors to join, help improve and support the growth of this protocol to push the project forward.
🌎 Kromatika Website: https://kromatika.finance/
⌘ Kromatika Dapp: https://app.kromatika.finance/
🎙️ Kromatika Discord: https://discord.gg/Uv2Q2v26JG
🎙️ Kromatika Telegram: https://t.me/kromatika_finance
💬Instagram: https://www.instagram.com/kromatika.finance/
🐦Twitter: https://twitter.com/KromatikaFi
📚 Blog: https://blog.kromatika.finance/
⌼Github: https://github.com/Kromatika-Finance
About Arbitrum
Arbitrum is a layer 2 scaling solution for Ethereum. Arbitrum’s architecture uses Optimistic Rollups to bundle all transactions done on the Arbitrum chain, and subsequently posts it on Ethereum. Arbitrum is an optimistic rollup which enables anyone to verify that transactions on Arbitrum are not fraudulent before they are posted on Ethereum through interactive proving. Interactive proving is a method that allows a dispute between two parties, the proposer and the challenger, to solve their dispute off-chain so that it’s more efficient & not as costly to post on Ethereum. Arbitrum is a leading Ethereum Layer-2 scaling solution developed by OffchainLabs. Based on Optimistic Rollup scheme, Arbitrum provides ultrafast, low-cost transaction without sacrificing the security of Ethereum ecosystem. Launched on August 31st, 2021, Arbitrum has attracted 200+ ecosystem projects. Arbitrum is Marketing Playbook 3 currently EVM-compatible to the bytecode level. In the next upgrade, Arbitrum Nitro, Arbitrum will further increase developer experience by incorporating WASM support.
🌎 Arbitrum Website: arbitrum.io/
🌎 Offchain Website: offchainlabs.com/
🎙️ Arbitrum Discord: discord.com/invite/ZpZuw7p
💬Facebook: www.facebook.com/offchainlabs
🐦Twitter: twitter.com/OffchainLabs
💼 LinkedIn: www.linkedin.com/company/offchain-labs-inc/
📚 Medium: medium.com/offchainlabs
