Cointime

Download App
iOS & Android

ArchiSwap: With the L2 era approaching, can DeFi start a new narrative?

Cointime Official

By Cointime.com 237

ArchiSwap: A One-Stop DeFi Platform on zkSync Era

ArchiSwap is a comprehensive DeFi protocol built on zkSync Era, which aims to be a one-stop platform for Swap, lending, and leveraged trading, thereby attracting millions of users to the Layer2 blockchain ecosystem.

The project utilizes zero-knowledge technology and runs on zkSync Era to provide a low-cost trading environment. This means that users can trade more affordably, reducing the fee burden and enabling more people to participate.

One of ArchiSwap's goals is to be the best decentralized exchange for trading stablecoins on zkSync Era. Stablecoins play an important role in the DeFi space, and by supporting a wide range of stablecoins, such as USDC, USDT, etc., ArchiSwap provides users with a wider range of options. At the same time, through liquidity optimization and efficient trade execution speeds, the platform hopes to provide a better trading experience, making it easier for users to trade stablecoins.

In addition to this, ArchiSwap aims to be the ultimate destination for stablecoin exchange, lending and leveraged trading. ArchiSwap will provide a flexible and convenient solution for those who need to borrow funds or are looking for leveraged trading. Notably, they have also customized the best leveraged trading features for zkSync airdrop participants, further enticing users to participate and enjoy a convenient and efficient trading experience.

On the community side, ArchiSwap has become a core partner of the zkSync community, which will greatly facilitate the development and promotion of the program, as well as strengthen the connection with local users.

As for the team, ArchiSwap has more than 15 team members from top Internet companies, centralized exchanges, decentralized exchanges and venture capitalists, who have more than 4 years of experience in decentralized exchanges, solid expertise and rich experience.

All in all, ArchiSwap, as a comprehensive DeFi protocol built on zkSync Era, is dedicated to providing users with low fees, extensive stablecoin support, and multiple features such as lending and leveraged trading. Through close cooperation with the Chinese zkSync community and the team's professional experience, the project is expected to attract more users and inject new vitality into the development of the Layer2 blockchain ecosystem.

Products and Services

As a comprehensive DeFi protocol built on zkSync Era, ArchiSwap aims to solve the liquidity problem on the zkSync Era network with a composable and fully open source solution.

As a transaction layer and solution, ArchiSwap removes barriers to integration and integration into the zkSync ecosystem, providing a more convenient user experience. Its core products and services are as follows:

First and foremost, ArchiSwap is committed to building the best stablecoin trading platform and optimizing trading liquidity to become the first choice for traders and liquidity providers in the DeFi ecosystem. By supporting multiple stablecoins, including USDC, USDT, and zkSync-native USD+, zkUSD, etc., users can enjoy a wider range of options. In addition, popular pairs such as ETH/USDC will also be supported.

Secondly, ArchiSwap is committed to providing the best possible lending marketplace, bringing zkSync Era users efficient capital utilization and reducing the risk of relying on external liquidity and prediction machines. This enables users to borrow and lend crypto assets more efficiently, enhancing their trading experience.

In addition to borrowing and lending, ArchiSwap is also introducing one-click leveraged trading, which is designed for professional traders and short-sale participants, and will allow users to trade with up to 5x leverage without having to borrow or lend, providing a flexible and convenient way to trade.

In addition, ArchiSwap offers the ability to automatically track professional traders, allowing users to follow and execute the same trading strategies. Any successful professional trader can create a tracking space for the user to help them achieve better trading results.

Economic Modeling

ArchiSwap is a community-driven project with an economic model that focuses on rewarding the community, early contributors and liquidity providers. As such, more than 50% of its tokens will be allocated to these interested parties.

ArchiSwap's token symbol is ARCH and its total supply is 3,000,000,000. The exact contract address and the timing of the Token Generation Event (TGE) have not yet been determined.

In terms of token allocation:

  • Community Eco Incentive 50%
  • Investors 20%
  • Early Contributors 7%
  • Teams 15%
  • Liquidity Pool 4%
  • IDO 2%(The price of IDOs is not disclosed at this time)
  • Business Partnerships 2%

In addition to the regular ARCH tokens, ArchiSwap has also introduced a token called veARCH as an eco-governance token. Users holding ARCH tokens can convert them to veARCH tokens at any time and enjoy a range of benefits, including voting rights, agreed fee dividends and fee discounts.

Conclusion

With the popularity of cryptocurrencies and DeFi, user demand for secure, efficient and low-cost trading platforms continues to grow. As a protocol built on zkSync Era, ArchiSwap offers users a lower fee and faster trading experience by employing zero-knowledge technology and an optimized trading environment. This will attract more users to join DeFi and use ArchiSwap as their preferred trading platform.

At the same time, ArchiSwap will continue to improve its products and services with more innovative features and better user experience as the team continues to grow and technology continues to innovate. Partnerships with other ecosystems will also strengthen ArchiSwap's position in the industry and drive the entire DeFi ecosystem.

In conclusion, looking ahead, we can expect ArchiSwap, as a comprehensive DeFi protocol built on zkSync Era, to continue to make breakthroughs in low-cost trading, stablecoin trading and lending markets, become an important player in the Layer2 blockchain ecosystem, and provide better DeFi services to a wide range of users.

Comments

All Comments

Recommended for you

  • US Official: Ukraine Agrees to Avoid Strikes on Non-Russian Tankers and Black Sea Oil Facilities

    On August 8, according to a US official, Ukraine has agreed not to target certain non-Russian tankers and Black Sea infrastructure vital to Kazakhstan's crude oil exports. This follows ship attacks last month that caused loading disruptions. The US official said Ukraine has set up contact points so commercial shipping companies can communicate information and ensure safe passage. The commitment was reached after meetings between senior US government leaders and Ukrainian leadership, marking a potentially significant step toward increasing regional oil shipments. Previously, activity in the region had cooled significantly due to several recent attacks near the Caspian Pipeline Consortium terminal in Russia's Novorossiysk. (Jin Shi)

  • U.S. July Nonfarm Payrolls Fall by 23,000, Missing Market Expectations

    On August 7, U.S. nonfarm payrolls decreased by 23,000 in July, compared with market expectations of an increase of 80,000, and the previous value was an increase of 57,000.

  • US May and June Nonfarm Payroll Additions Revised Down by 103,000 Combined

    On August 7, the US Bureau of Labor Statistics: May nonfarm payroll additions were revised down from 129,000 to 63,000; June nonfarm payroll additions were revised down from 57,000 to 20,000. After the revisions, the combined additions for May and June were 103,000 lower than previously reported.

  • U.S. Rate Futures Market Sees Lower Odds of Fed September Hike

    On August 7, the probability of a Fed rate hike in September as priced by U.S. interest rate futures declined.

  • New York Gold Futures Top $4,400 per Ounce

    New York gold futures topped $4,400 per ounce, up 2.36% on the day.

  • Japan Finance Minister: FX Market Affected by Moves Not Driven by Actual Demand

    Japanese Finance Minister Satsuki Katayama said she and U.S. Treasury Secretary Bessent agreed that the foreign exchange market has been affected by moves not driven by actual demand.

  • BTC Breaks Through $65,000

    Market data shows BTC has broken through $65,000, currently reported at $65,007.44, with a 24-hour increase of 0.6%. The market is highly volatile, please exercise risk control.

  • Brent Crude Drops 2.00% Intraday to $81.07/Barrel

    Brent crude oil fell 2.00% during the day, now at $81.07 per barrel. (Jin Shi)

  • Trump: Data Centers May Be More Important Than Oil

    August 7 news, U.S. President Trump said in an interview with Punchbowl News, "I saw the other day that Texas seems to be opposed to building data centers. I think that's a mistake. I'm not taking a position—I just think it's a mistake, because there are other communities that want to build data centers. When a community is willing to accept data centers, it means a lot of money will flow into that community. I don't think they're ugly. Some of the data centers I've seen are the most incredible buildings I've ever seen. They are very important to the economy. If Texas says no to data centers, that's a mistake, because data centers may be more important than oil."

  • Trump to Meet with Mining Executives

    On August 7, according to CCTV International News, US President Trump will convene executives from some of the world's largest mining companies at the US State Department on August 7 local time, in an effort to take action to 'secure critical mineral supplies for the US and its allies.' Reuters reported that the US urgently needs critical minerals to replenish weapons inventories depleted during the war against Iran. During the more than five-month war with Iran, the US military expended large quantities of precision-guided missiles and air defense interceptors. US defense officials and lawmakers have warned that given existing production capacity constraints, replenishing some stockpiles could take years—although the Trump administration has denied reports of a so-called 'severe shortage of ammunition stockpiles.' According to Pentagon officials and defense companies, supplies of minerals such as rare earths, tungsten, germanium, and scandium are essential for manufacturing precision-guided missiles, fighter jets, armored vehicles, infrared sensors, and other advanced weapons systems. Expected attendees include industry giants such as global mining giant Rio Tinto Group, Australia's BHP, US Freeport-McMoRan, US Mountain Pass Materials, US Rare Earths, US Energy Fuels, and Canada's Metals Company. According to sources, the Trump administration plans to announce multiple deals and memorandums of understanding.