The lowest fees of any
exchange on Ethereum

8 months after Coingecko was the first to list DFP2, CoinGecko now added us as an official listed Exchange! With help from CoinGecko, we created a set of custom API endpoints, to make it possible for CoinGecko to fetch data from all of our 16 tokens and 120 pairs in near real-time. We can now compare ourselves with other exchanges based on Daily Volume and other stats (we’re at the moment of writing the #125th largest Exchange in the world, so we have some room for growth) and dive into stats per pair or token. More importantly, the listing makes it possible to use the transactions on DefiPlaza to determine CoinGecko’s price of the 16 tokens in our pool, including our very own DFP2. This means that the price of DFP2 on Coingecko is now updated by transactions made on DefiPlaza and is no longer only based on just our Uniswap pair. When we launch StablePlaza the data from StablePlaza will automatically be added to CoinGecko since we’ll simply add the pairs to the existing integration and calculate the Daily Volume over both pools. Visit DefiPlaza on CoinGecko.

Upon launch most DEXes ship with a dashboard where you can get some more insight into the liquidity you provided. Ours did not, however, as we wanted to get DefiPlaza out and in your hands as quickly as possible. Today, we finally got around to adding it to our application! With StablePlaza on the horizon, we needed a way for you to be able to manage your funds over both pools. As we completed the dashboard to do just so, we thought to ourselves: “why not just release it right away?” So, be sure check out the brand new liquidity page, where we will show you, your liquidity position based on the XDP2-tokens in your account. In the future we plan to add your staked liquidity to this overview as well!

Today, DefiPlaza released the much-requested support for WalletConnect! When DefiPlaza launched, its User Interface (UI – i.e. the actual website for the app) was built directly on top of the MetaMask wallet. Though this allowed us to develop and launch the platform pretty quickly, it also meant that MetaMask was the only wallet option for our users. Fortunately, MetaMask is very popular and most of our users were fine with this. But of course, there are many more wallets out there, including potential safer options. So, it made sense that many of you requested support for different wallets. WalletConnect especially was high on the list of requests we received. Trials & Tribulations Ok, it was not as bad as the title suggests. However, adding WalletConnect support did take considerably longer than anticipated. That was due to many reasons, including: We’ve had to rewrite & rewire core portions of the UI to allow for multiple wallet options. That took quite a while, to say the least! WalletConnect is considerably less stable than MetaMask, which got us running headlong into problems we had to debug and then work aroundBecause WalletConnect V2 is being pushed by the team, we looked into incorporating that version initially. However, wallet support is severely lacking, so we dropped that to get V1 in for nowHaving multiple wallets also means we had to support a way to switch between wallets in the UI. Long story short: Today we finally reached the point where we would like to share the result of our work with all of you, so you can finally start using WalletConnect in DefiPlaza! Beta When selecting a wallet, you will notice WalletConnect is flagged as “beta”. This is on purpose, as we would be surprised if no one would run into some exotic edge cases that we did not account for. We are also very curious to see WalletConnect be used in the wild, so we can get a better idea of its stability. Issues? If you run into any issues with this new release, let us know on Discord or Telegram!

To celebrate the release of the DeFi Download podcast featuring DefiPlaza (go listen to it if you haven’t yet!) the team has allocated another 0.5 ETH from the arbitrage bot to buy back DFP2 from the exchange and burn it. This has resulted in another 48k DFP2 being bought back from the exchange and sent to the irrecoverable burn address, which now holds 251k tokens or 0.6% of total supply. Happy Sunday!

In this episode of the DeFi Download podcast, Piers Ridyard, CEO of Radix interviews Jazzer, the founder of DeFiPlaza. Jazzer discusses his path to developing DeFiPlaza, his engagement with Radix, and his efforts to create a highly optimised DEX with the lowest gas costs per trade. DeFiPlaza is an Ethereum-based decentralised exchange that is 50 to 65 per cent cheaper to trade on than Uniswap and other similar DEXs. DeFiPlaza will also be deploying their DEX on Radix. [0:58] Jazzer’s history and involvement with Radix, beginning as a forum moderator and Dan’s assistant, and progressing to become one of the top validators on the Radix Network and an important member of the Radix community. [3:52] How to become a Top Validator and Jazzer’s validator success secret sauce [5:42] Jazzer’s journey to realising he wanted to create DeFi Plaza and how DeFi Plaza accomplishes what it does [7:09] The three factors that influence the cost of Ethereum transactions [10:16] What aspects contribute to the cost of a transaction? [13:03] Two examples of how much gas each operation costs [21:59] Building a DeFi application is more than just an engineering problem; it also requires marketing and community building, as well as integration with the rest of the DeFi ecosystem. What has Jazzer learned so far on his journey? And where exactly is he on this journey? [24:11] The significance of genuine community building and marketing based on participation, involvement, and ownership [27:11] The importance of a good UX/UI [30:40] Jazzer discusses his experience of building with Solidity. [39:11] Jazzer talks about his building experience using Scrypto.