Last night, i stumble upon an interesting project that’s native in the un-launched ZKSync2.0. MES Protocol uses the experience of CEX in a decentralized manner and after what happens to the whole trust issues with CEX, this provides a very good market to people that used to use a CEX interface. As you can guess as well, since its native on ZKSync, it utilize the Zero-Knowledge roll-up technology based on Ethereum smart contract, so you can be sure that the trades that you’re using will be secure but with low fees. You can check out their landing page with the link below.
Their main thing is about delivering a high performing and scalable DEX with the experience of a traditional exchange. This means, high throughput, low execution cost, and most importantly, decentralized. As i mentioned in the intro, it utilized the zk technology, it makes trading on chain as easy as ever, without fees, and almost instantly executed. Security wise is also a big plus, it uses the security feature of L1 Ethereum chain while uses the efficiency of L2 zkRollup. Best of both world eh!
Since the DEX is native to zkSync2.0 which haven’t released to mainnet yet, MES Protocol is also only available on zkSync2.0 Goerli Testnet. But keep on reading to see how you can possibly benefit from trying it out before-hand. Here’s the step by step how to:
You need to claim GoerliETH and also testnet USDT.
Use the zkSync bridge to bridge GoerliETH to zkSync2.0
Grab yourself the Testnet USDT from MES Protocol faucet. just enter your eth Address and claim the 100 USDT Test token.
Go to the app, deposit your 100 USDT to the platform, and you are ready to trade away! The current offering of coins are ETH, BTC, IMX, and DOGE
This is the simplification of the steps, for more in-depth guide, refer to thieir medium page!
There’s a huge hint that they might “reward” early u?>sers of the app from their official twitter.
They also have quest available on Crew3 to make yourself more familiar and spread the word of the protocol itself. With each completion of quest, you will gain XP to get a role in their discord. Check it out for yourself with this link:
https://mesprotocol.crew3.xyz/invite/KpK0x_NIztbtatrsP2ToB