🦄Understanding Dirol Protocol
What is Dirol?
At the application level, Dirol Protocol is a decentralized exchange that supports low slippage, low fees, and minimal price impact on all trades. Dirol offers three primary products
Swap feature
Spot Trading
Borrow & Lend
What we offer:
Buy / Sell crypto assets with low fees
Swap assets literraly at the speed of light
Hold them in your on-chain wallet (backpack, phantom, metamask, etc.)
DEX
Dirol Protocol is a decentralised exchange, meaning:
all deposits, withdraws, and trades are executed on-chain and are completely transparent;
trading requires a connection to a self-custodial EVM wallet (backpack, phantom, metamask, etc.)
execution of all trades is facilitated by smart contract technology with no human or third-party input to execute or fill trades.
Decentralisation offers many benefits, including:
anonymity
transparency
fairness
trustlessness
However, decentralisation also means that Dirol is susceptible to the same limitations and shortcomings that arise from running on a blockchain, including:
underlying blockchain risk
transaction fees
smart contract risk
network congestion
The Problem
On-chain exchanges suffer from limitations associated with blockchains—namely, speed and limited computational capacity on-chain.
Porting over existing off-chain centralised exchange infrastructure onto the blockchain results in an inefficient use of blockchains and disincentivises market-maker participation with unfavourable conditions.
As a result, most on-chain orderbooks suffer from:
slow fills;
high spreads; and
low liquidity.
Our Solution
Dirol has designed and developed an exchange that is robust, computationally efficient, and incentivizes market maker participation, as well as liquidity provision. Additionally, our platform will integrate AI-driven features to further enhance trading efficiency, optimize order execution, and improve market analysis.
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