- VeRocket, a DeFi infrastructure on VeChain, offers unique features such as Multi-task Transaction and fee delegation, fostering a fast and user-friendly experience.
- VeRocket’s design facilitates a smooth onboarding for blockchain newbies and encourages frequent trading with a fixed low fee, an automatic VTHO generation, and a community-driven governance process.
The VeChain ecosystem welcomes a groundbreaking addition, VeRocket, an audited DeFi infrastructure that presents a confluence of speed, security, and remarkable features. Forked from the open-source VeChain uni-v2, VeRocket offers deeply customized multi-task transactions, fee delegation, and automatic VTHO generation, fostering a low-fee trading environment for the VeChain community.
Thank you @Stably_Official ! As a great partner of #VeChain ecosystem, we continue to offer our humble service to the #VeFam as a solid piece of on-chain swapping service.😊 https://t.co/HY031a7Csv
— VeRocket (@VeRocket) June 13, 2023
VeRocket’s uniqueness lies in its incorporation of VeChain’s Multi-task Transaction (MTT) feature, a boon for user experience. By condensing the number of requests between frontend/backend and blockchain, MTT ensures a streamlined and rapid interface. Users can execute multiple operations, such as approving and transferring in one transaction using multi-clauses, reducing the exposure of token “Approve” amounts.
Fee delegation, another VeChain innovation, eliminates the burden of transaction fees from users, promoting trade and boosting market efficiency. Coupled with VeChain’s low gas fee, transactions become economical for both users and DEX.
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Together, these features foster an improved trading experience for existing blockchain users and ease the entry for newcomers to the blockchain universe.
With its permissionless and decentralized nature, VeRocket ensures anyone holding a VeChain wallet can trade tokens. This accessibility, combined with 24/7 availability and the absence of KYC requirements, simplifies the trading process significantly.
A uniform low fee of 0.3% ensures traders can trade freely and secure prices with other exchanges. This fee, imposed on the incoming token, flows into the pool, providing immediate settlement benefits to liquidity providers each time a swap occurs.
VeRocket introduces automatic VTHO generation, allowing users to leverage their idle VET without worrying about VTHO generation loss. With VeRocket, users can claim their VTHO rewards anytime with just a click.
In line with the spirit of decentralization, VeRocket is evolving towards a DAO-governed DEX. Upon issuing future DAO tokens, VeRocket’s governance will rest with DAO token holders, allowing stakeholders to submit protocol change proposals and vote on key community-impacting factors such as treasury fund distribution.
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