Description

Phezzan Protocol is a perpetual DEX that aims to democratize perpetual trading for all. 70% of world's crypto trading volume comes of perpetual trading, and evetually perp DEXs will eat over the market share of perp CEXs. Yet retail investors are ignored by existing perp DEXs. We want to capture this market share by being fast, cheap and user friendly. Unlike dYdX, we will support multi-collateral and support yield bearing assets as collateral, so traders and LPs can earn yield. Being on zkSync 2.0 will allow Phezzan Protocol to have sub second transaction confirmation time and have cheap transaction fee. We have launched our testnet, and within 20 days of launch, we have accomplished: 1) Transactions: 629K + 2) Unique addresses: 45K + 3) Bugs fixed: 30 4) Feature requested by community: 70 + 5) Feedback comments replied by team: 2k +

Phezzan Protocol showcase

How it's made

We use the Graph for data fetching, DynamoDB for liquidation bot. Testnet is on Rinkeby. We will move to zkSync 2.0 as soon as it supports older version of Solidity. Being on zkSync 2.0 will allow Phezzan Protocol to have sub second transaction confirmation time and have cheap transaction fee.