Exploring Gate's Unique Approach to DeFi

Gate, a prominent player in the cryptocurrency exchange landscape, has recently introduced an innovative Layer 1 blockchain solution that aims to redefine the concept of decentralized finance (DeFi). This new platform, which the team behind Gate refers to as "Mature DeFi," incorporates a liquidation market and a decentralized order book, providing users with genuine, sustainable yields through the redistribution of network fees.

Gate's Vision for DeFi Accessibility

Gate is dedicated to democratizing decentralized finance by developing decentralized applications (dApps) that cater to everyday crypto enthusiasts. The exchange's team, comprised of experts in finance, blockchain technology, and software development, is targeting areas of DeFi that have traditionally been the domain of technical experts or those with significant capital resources. Their goal is to empower retail investors to explore opportunities beyond conventional exchanges, staking, and initial coin offerings (ICOs), opening doors that were previously accessible only to large-scale investors.

The platform's mission revolves around creating user-friendly and cost-effective tools suitable for a wide range of users, from crypto novices to experienced retail investors. These tools are designed to be chain-agnostic and allow users to participate without risking more than they can afford.

Key Features of Gate's DeFi Platform

Gate's DeFi protocol boasts three primary characteristics: a semi-permissioned structure, an on-chain scheduler, and native token generation capabilities. Let's delve into each of these features as outlined by the Gate team.

Semi-Permissioned Structure

To ensure the quality, sustainability, and longevity of the network, contracts must be approved by the community through a governance voting process before being accepted on Gate's platform. This approach creates a revenue-generating ecosystem with an enhanced user experience and a close-knit community, embodying the concept of "Mature DeFi." It effectively eliminates the presence of meme tokens, scams, or protocols designed for quick profit at the expense of unsuspecting investors.

On-Chain Scheduler

The implementation of on-chain scheduling allows for protocol designs that don't rely on bots, significantly reducing unnecessary transactions. This feature enables smoother protocol operations, and fees that were previously allocated to incentivize bot activity can now be redistributed to network users.

Native Token Generation

Smart contract developers on Gate's platform benefit from a streamlined process, needing to design only for a native "denom" instead of managing two separate contract entry points. Consequently, every token on the network functions as a native Cosmos token, and token stakers can earn compensation from liquidation and trading revenues, with potential for additional income streams in the future.

Gate's DeFi Ecosystem Components

Liquidation Marketplace

Gate has introduced the first public marketplace for liquidated collateral in the crypto space. This platform democratizes the process, allowing regular users to participate in securing their preferred assets at discounted rates while earning interest during the waiting period. The system enables users to liquidate various assets across the Cosmos ecosystem efficiently.

Ecosystem Hub

At the core of Gate's DeFi ecosystem lies a central hub where users can actively participate in shaping the protocol's future through governance voting. This is also where users can stake tokens to earn a portion of Gate's revenue.

The hub provides a comprehensive dashboard for all Gate-related activities, including token swaps, governance participation, cross-chain token bridging, and reward claims.

Decentralized Order Book

Gate has launched what it claims to be the first decentralized, permissionless, and fully on-chain order-book-style exchange in the Cosmos ecosystem.

The team at Gate believes that traditional liquidity pools are becoming obsolete. Their decentralized trading platform eliminates the need for inflationary incentives and bots while mitigating the risk of impermanent loss. It offers a real-time trading experience familiar to crypto users while minimizing associated risks.

Token Utility and Staking Rewards

All dApps within Gate's suite leverage the platform's native token for utility or staking purposes.

Utility Token: Users paying fees with the native token enjoy discounts ranging from 50-90% of the dollar value.

Staking Rewards: Users who provide liquidity to the native token pool receive daily rewards at a to-be-determined APY, which are automatically compounded.

Stability Mechanism: The platform generates ongoing income from fees incurred during liquidations and from user withdrawals. These funds are directly channeled into the liquidity pool to support the token's price stability.

The Team Behind Gate

The core team at Gate boasts over a decade of collaborative experience in developing software across various industries. They have weathered the ups and downs typical of the tech sector, learning valuable lessons from both successes and failures. United by a passion for innovation and a shared vision of the future, the team is committed to bringing their ideas to life through the products they create.

Recent Token Performance

Since its listing on Gate in August 2022, the native token reached its all-time high (ATH) of 1.950 USDT, with the lowest price recorded at 1.021 USDT over the past 30 days.

How to Acquire Gate's Native Token

To purchase Gate's native token, follow these steps on the Gate exchange:

1. Sign in to your Gate account and navigate to the [Trade] section. Select [Spot] trading.

2. Use the search function to find the available trading pairs for the token.

3. In the [Spot] trading interface, enter the amount you wish to buy. You can choose between Limit, Market, or Stop-limit orders. For a quick purchase, select a Market order and confirm your transaction. The acquired tokens will be credited to your Spot Wallet on Gate.