GigaDAO – The first crankless DEX on Solana. Here are the features of this new ecosystem and direct access to its website.
GigaDAO is a decentralized autonomous organization (DAO) that aims to create a platform for the development of decentralized finance (DeFi) applications. The platform is built on the Solana blockchain and utilizes rust smart contracts to automate decision-making processes and enforce the rules of the organization.
GigaDAO’s vision is to create an ecosystem that fosters collaboration among DeFi developers, investors, and other stakeholders, allowing them to work together to create innovative financial products and services that can benefit the wider community. The platform uses a native token called GIGS, which can be used for voting, staking, and other functions within the ecosystem.
GigaDEX, Solana’s first crankless CLOB deployed on mainnet, is poised to become one of the fastest Decentralized Exchanges on the Solana Blockchain. With transaction speeds processed 2-3 times faster than any current CLOB implementation, GigaDEX is at the forefront of speed and efficiency.
What sets GigaDEX apart is its Central Limit Order Book, which was built from the ground up to ensure maximum performance on the Solana Blockchain. As a result, it is currently the most performant CLOB implementation on the Solana network, providing traders with a reliable and lightning-fast platform to trade on.
The development of the SpeedStream solution has addressed the issue of the backend performing 3 times faster than our frontend during the development of the new CLOB. This ensures that GigaDEX is able to receive all trades within a second, providing traders with real-time and up-to-date data to make informed decisions. With the use of SpeedStream, our users can effectively utilize the DEX platform to their fullest potential.
Fractionalization has revolutionized the trading of NFTs, offering a more efficient and flexible method for traders to enter the market. Through fractionalization, traders can now DCA (dollar-cost average) into their favorite collections without having to pay the full amount upfront.
This new approach also caters to more experienced traders who can now enter one of the most volatile crypto markets without having to trade the actual jpeg itself. This offers a lower-risk opportunity to participate in the market, and is a major step forward for democratizing access to NFT trading.
Overall, fractionalization is a game-changer for the NFT market, offering a more accessible and efficient way for traders to invest in and enjoy the benefits of NFTs.
GigaDAO offers a distinct outlook and strategy in managing decentralized governance. As the concept of DAO governance is relatively new, and there is currently no effective, scalable on-chain solution, GigaDAO has the chance to execute and validate their approach, which could potentially revolutionize the concept of DAO Governance for the foreseeable future.
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