Gasp Introduces Final Testnet
V3, Setting
Stage for Mainnet and $GASP Token
Launch
Gasp Introduces Final Testnet V3, Setting Stage for Mainnet and $GASP Token
Launch
San Francisco• Соединённые Штаты Америки (США) » Административные единицы США » Административное деление США » Калифорния (штат) » Города Калифорнии » Сан-Франциско
• Соединённые Штаты Америки (США) » Населенные пункты США » Города США » Города Калифорнии » Сан-Франциско, USA• Соединённые Штаты Америки (США) / California, 14th November 2024, Chainwire
By Chainwire
Nov 14, 2024 Nov 14, 2024
3 min read
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Last testnet release brings gas-free, cross-chain trading closer to reality as
Gasp readies for mainnet launch and token debut.
Gasp.xyz today announced Gasp V3, the final testnet iteration of its
decentralized exchange (DEX) protocol, representing a major step towards
mainnet deployment on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum and the launch of its native token, $GASP. V3
consolidates critical enhancements to deliver fast, gas-free, and secure
cross-chain swaps across Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum and Arbitrum.
Gasp V3’s standout features include the new Ferries mechanism, which speeds up
cross-chain transfers by enabling ferries to use their own funds to provide
quick access to assets on the destination chain. This update also refines the
protocol’s reward and fee structure to support balanced incentives and
introduces preliminary governance functionality, adding transparency and
community input. Additionally, V3 supports stableswap pools for high-volume
pairs, boosting liquidity. To ensure comprehensive security, the update was
audited by Zellic, with all findings addressed.
Since launching its first testnet in April 2024, Gasp has engaged over 50,000
wallets in 500,000 transactions, building momentum to combat liquidity
fragmentation on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum. Following the successful V2 launch in July, which
added Arbitrum integration and UX improvements, Gasp now stands ready for
mainnet with its final testnet release.
“Gasp is the world's first consolidated exchange that helps people swap any
crypto asset between any L1 or L2,” said Peter Kris, Co-Founder and CEO of
Gasp. “Gasp removes the barriers between native crypto assets, stablecoins and
RWAs and unifies the trading and liquidity experience. Think of it like
Interactive Brokers but for crypto”
The upcoming mainnet launch will introduce $GASP, an innovative staking-based
token model. Instead of spending tokens on gas fees, users stake $GASP within
their wallets to secure transactions. This model, essential for network
scalability and security, will serve as collateral for liquidity providers, a
reward mechanism for sequencers, and as currency for non-swap transactions.
Gasp’s community has been pivotal to its growth, with over 150,000 wallets
engaged in testing and 2,000 applications for its new ambassador program.
Active participants in Gasp’s testnet and community quests will be eligible
for rewards in an upcoming announcement.
About Gasp
Gasp.xyz is a cross-rollup decentralized exchange (DEX) designed to enable
seamless and gas-free cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта swaps between different blockchains,
including Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Layer 2 (L2) networks. Built as an AVS (Active Validator
Set) on EigenLayer, Gasp aims to solve liquidity fragmentation across rollups
by offering fast, secure, and efficient native swaps without relying on
intermediary bridges. As an Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum-native protocol, Gasp emphasizes deep
liquidity and low-latency trades across major Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum rollups, ensuring that
users can make transactions with minimal fees and delays.
Contact
Anastasia Lowenthal
press@hype.partners
Disclaimer: Press release sponsored by our commercial partners.
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