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About Kromatika
Key Points
- Kromatika is a decentralized exchange (DEX) founded on November 15, 2021.
- It offers trading solutions on Ethereum L1 and L2’s, including limit orders, swaps, perpetual trading, and gasless swaps.
- Kromatika won an award at the Chainlink Fall Hackathon 2021.
- It is a MetaDEX Aggregator that sources liquidity from different DEXes to find the best route for traders.
- FELO (Fees Earning Limit Orders) is a decentralized limit order feature that offers no price slippage, MEV-resistant trades, and LP fees.
- Kromatika offers
About Kromatika
In the realm of decentralized finance, Kromatika emerges as a pioneering force, poised to revolutionize the landscape of cryptocurrency trading.
Kromatika: A Revolutionary Blockchain-Based Ecosystem
Kromatika is a decentralized exchange (DEX) that provides comprehensive trading solutions on both Ethereum Layer 1 (L1) and Layer 2 (L2) networks. Notably, it specializes in facilitating limit orders, swaps, perpetual trading, and innovative gasless swaps. Founded on November 15, 2021, Kromatika swiftly gained recognition by winning an award at the prestigious Chainlink Fall Hackathon 2021.
Unlock the Power of Decentralized Applications with Kromatika’s dApp
Kromatika is a cutting-edge MetaDEX Aggregator that facilitates seamless liquidity sourcing for traders, aggregating disparate DEXes to identify the optimal route for their swaps, ensuring the fastest and most cost-effective transactions.
Kromatika’s Fully Executed Limit Orders (FELOs) present a groundbreaking, decentralized solution, boasting a trifecta of benefits: eliminating price slippage, resisting Miner Extractable Value (MEV) exploitation, and generating additional liquidity provider fees for traders on top of their Limit Orders.
Kromatika, in collaboration with ApolloX, provides Perpetual Trading, boasting an extensive portfolio of 72 crypto derivative pairs and offering up to 100x leverage. Notably, the platform features exceptionally low trading fees, significantly undercutting its competitors in the decentralized finance (DeFi) space.
Kromatika’s innovative Gasless Swap feature seamlessly integrates with the MetaDex Aggregator. By simply toggling the gasless swap mode at the time of the swap, users can revel in the benefits of this cutting-edge functionality. This ingenious feature enables the automatic deduction of gas fees from the swap output token, thereby allowing users to conserve their valuable $ETH or $MATIC for future use. The entire process is streamlined, efficient, and remarkably swift.
Introducing FELO: A Revolutionary Digital Asset
FELO (Fees Earning Limit Orders) – the most captivating concept in the entire Ethereum ecosystem.
FELO represents a pioneering innovation in decentralized exchanges, leveraging Uniswap v3 technology to facilitate limit orders. Notably, this distinctive feature is unparalleled in the current DEX landscape.
Why Opt for Limit Orders Over Spot Orders?
Limit orders empower traders to set precise entry and exit points at desired price levels, thereby mitigating the risks associated with price volatility and often incurring lower fees. In contrast, spot market orders, although simpler to execute, can be susceptible to price slippage, volatility, and higher fees, which may prevent traders from purchasing or exiting at their intended price levels. Consequently, unless urgency dictates otherwise, incorporating limit orders into a trading strategy is a prudent approach to optimize trading outcomes.
What sets FELO apart from traditional limit orders on other platforms?
On most prominent platforms, limit orders essentially function as delayed swaps, wherein the order is initially stored in a centralized database, awaiting optimal market conditions to execute the arbitrage. Consequently, it is not uncommon for limit orders to remain unfilled, even when the price has surpassed the target threshold, on these platforms.
Kromatika’s FELO is a fully decentralized limit order, devoid of any centralized database storage. Upon activation, Chainlink Keepers assume responsibility, vigilantly monitoring prices 24/7 on behalf of the user. This “set and forget” mechanism empowers users to relinquish control, assured that their order will be executed once the target price is breached, regardless of the timeframe – be it days, hours, or weeks – contingent upon market fluctuations and the target price.
Additionally, this approach offers several key advantages, including: the elimination of bot attacks, the avoidance of price slippage, and the absence of swap fees.
Beyond the aforementioned advantages, the user will also accrue LP fees when the price enters their designated range. This is attributable to Uniswap v3’s concentrated liquidity technology, which enables the user to assume the role of a liquidity provider within that specific price range.
Summary: FELO revolutionizes trading with a fully automated, decentralized limit order system, boasting bot protection, zero swap fees, and no slippage. Furthermore, users can capitalize on LP fees when the market price reaches a predetermined range, empowering them with unparalleled control and profitability.
The Genesis of Kromatika: A Story of Innovation
Kromatika was founded on the premise of resolving a pressing issue. The limitation of innovative and efficient limit order features in the decentralized exchange (DEX) space was a glaring problem. Existing solutions were marred by exorbitant costs, sluggish trade fills, and inefficient functionality, effectively operating as “delegated delayed swaps.” By harnessing the power of Uniswap V3, Kromatika pioneered the automation of liquidity provision. Consequently, every trade on Kromatika’s FELO (fees earning limit order) is effectively built upon Uniswap V3. The trade is subsequently settled off-chain by a decentralized network of Chainlink Keepers. Notably, for the first time in the Ethereum ecosystem, a trade could place a limit order with comprehensive MEV bot protection, zero price slippage, and the ability to earn LP fees on top of their limit order, courtesy of Uniswap V3 technology. Over time, Kromatika has expanded its repertoire to include additional products, such as the powerful MetaDex Aggregator, Gasless Swaps, and Perpetual Trading.
Kromatika is overseen by the Kromatika DAO, a decentralized autonomous organization that shapes the project’s future by soliciting innovative ideas that promote the betterment of the entire cryptocurrency ecosystem.