Singapore – 02/01/2024 – (SeaPRwire) – As decentralized finance (DeFi) applications grow in popularity, a lingering issue persists – the high cost of gas fees. With each transaction requiring the payment of gas, frequent traders and small investors often bear a disproportionate burden. Rocket3 Protocol represents a bold new effort to ameliorate this gas fee problem plaguing DeFi.
Developed by a team of seasoned DeFi builders, Rocket3 Protocol implements a novel intent-based algorithm to optimize trade matching. By clustering users with similar trading goals and executing their trades in bulk, Rocket3 significantly reduces the number of times gas fees must be paid. This design allows traders to save up to 96% on gas costs with just a single click when transacting through Rocket3.
Beyond gas savings, Rocket3 offers users a straightforward yet powerful on-chain trading experience. Its platform features robust security protocols, ensuring trustworthy trade execution, as well as a DAO-governed review process to guarantee fairness in matching. Rocket3 aims to provide the same level of convenience and cost-effectiveness that traders enjoy on centralized exchanges while preserving the security and transparency benefits of on-chain operations.
Now in closed beta testing, Rocket3 Protocol is slated to launch its public beta in early 2023. This initial version will include Rocket3’s Rocketship feature, enabling users to form capital pools for group purchases and thereby further optimize gas costs. Looking ahead, the Rocket3 roadmap details ambitious plans to support off-chain signal tracking for enhanced analytics as well as on-chain derivative products.
Rocket3 recently completed a pre-seed funding round, affirming investor confidence in the project’s growth trajectory. As it works to redefine the DeFi trading experience, Rocket3’s solution provides a timely answer to the gas fee quandary impeding DeFi’s progress. By making on-chain trading fast, affordable, and frictionless, Rocket3 unlocks the door to wider mainstream adoption and billions in capital injection from hesitant traders and small-stake investors.
For DeFi participants burdened by inefficient platforms and exorbitant gas fees, Rocket3 offers a clear path forward. Its platform design could very well set the standard for on-chain trading’s next evolution. As the DeFi ecosystem matures, the projects bold enough to rethink conventions may be the ones that define its future. With its innovative ethos and intent-based architecture, Rocket3 has positioned itself at the vanguard of this wave of innovation.
The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.
Sectors: Top Story, Corporate News
SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in Singapore, Hong Kong, Taiwan, Greater China, Arab & MiddleEast, Vietnam, Thailand, Indonesia, Malaysia, Philippines, Germany, USA, Korea, Japan, France, Italy, Spain, Portugal & Brazil …