zkTube has posted on medium regarding the technical team to participate in the development of uniswap v3. I think this is a richer combination of zkTube's future cooperation with Dex. Compared with similar projects, zktube has more plastical than other project in the furture.
Technical team of ZkTube has accessed Uniswap V3 Hackathon Granted to promote development of V3 version.
UniSwap V3 Granted in GitCoin
Source: https://gitcoin.co/hackathon/projects/gr9/zktube/
On Mar. 24, 2021, Uniswap, the world largest encrypted current spot exchange, released a formal document to introduce its V3 version. Currently, Uniswap has been one of the key infrastructures of DeFi, enabling developers, traders and fluidity providers to participate in the safe and steady blockchain finance market.
- Centralize liquidity to make individual LP precisely control the distributed price scope of their capitals. Gather individual positions into one pool to form a combined curve for users' trading.
- Adopt multi-level charging, allowing LP to access proper compensation by bearing different degrees of risks.
Uniswap V3 adds the granularity control functions named "liquidity aggregation" based on the original AMM curve to improve the capital efficiency by 4,000 times. Except for the core liquidity aggregation, V3 version is also configured with several functions, including multi-level rate control, range orders and historical oracle machine, to serve LP, traders and third-party application developers.
Principle of combination of zkTube and v3
For both UniswapV2 and V3, zkTube underlying protocol can support data exchange with L2 accounts. Users can choose on V2 to deposit ETH or ERC20 tokens on L2 to carry out swap trading or provide liquidity, or choose on V3 to deposit ETH or ERC20 tokens on L2 to carry out swap trading or provide liquidity, and then summarization, packing, proofing and final verification will be conducted on L2. If everything is ok, it will be submitted to the main chain of ETH.
So, zkTube can provide the same tps and experience as centralized services in the DEX field, but the trading formality fee is decreased by about 100 times. According to the testing result, the current tps is 3,000+, which has even been faster than the handling speed per second of centralized exchanges.
Cooperation advantages
Deployment of Uniswap V3 on Layer 2 will introduce many apps to transfer to zkTube, and zkTube Protocol will provide more products in the Defi field with extended services. It will help Uniswap V3 to explore ETH capacity expansion, expense, privacy and security to improve the capital efficiency and liquidity, reduce Gas consumption of the oracle machine and improve the expense level.
Strengths of zkTube compared with zk Rollup
The following changes have been applied to zkTube based on ZK Rollup:
- Review incentives for operators are added;
- Batch packaging and state root are separated and handled independently;
- PLONK based algorithm optimization.
ZkTube based common language ZKTVM
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