@zkLink_Official
7) Permissionless, trustless and no KYC. We want you to enjoy a seamless all-in-one asset management experience, with anonymity and highest level of security. You will retain control over your assets at all times in your own wallet. No other party controls your assets and info.
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The vision at OpenWorld Exchange is simple:
We bring a multi-asset (crypto, stock, bond, cmdty, forex) management platform with ultra-secure decentralized order book trading experience (akin to Binance) to the multi-chain DeFi-verse.
ðŸ”Here's a quick thread to elaborate 📷🚀
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1) Crypto market has been bearish for a long time.
We want our users to gain exposure in different types of asset with strong growth potential through their toughest time and beyond.
We enable them to trade all kinds of popular asset seamlessly, with high capital efficiency.
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2) To invest in assets besides cryptos, we don't need users to exchange stablecoins into fiat currency, open multiple centralized investment accounts, and allocate fund rigorously (not time efficient and capital efficient). Instead, we let users use DAI as margin to trade.
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3) Trading will take place off-chain on L2 (which gets you CEX trading experience), achieving high scalability, the same security as being on-chain, and no gas fees - just low transaction fees.
*You still need to pay gas when moving assets to and from L1<>L2.
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4) With zero-knowledge proofs, the risk of malicious behavior by anyone (even OpenWorld ourselves) is thoroughly eliminated.
Transactions are mathematically verified, ensuring every trade completes as expected. If verification fails, it will simply rolls back.
(pc: Numen)
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5) Advanced DeFi users will be able to collateralize their crypto and borrow DAI for more trading opportunities on OpenWorld. They’ll have access to deep liquidity from all public chains, and do new things like buy Tesla using collateralized ETH (via DAI)!
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6) Liquidity is key to decentralized exchange for users to enjoy the best trading experience, therefore we partner up with
@zkLink_Official
to aggregate liquidity and user through multi-chain deployment!
(pc: zkLink)
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