🌎Ecosystem Overview
An insight into PRINT3R's technical architecture and future plans for the ecosystem.
PRINT3R V1 (Proof-of-Concept) builds upon GMX's V1 smart contracts, a testament to our commitment to security and user trust. Instead of reinventing the wheel for our proof-of-concept, which can expose users to risks, we chose a code-base recognized for its resilience in the web3 domain. Notably, it holds the third-largest active bug-bounty in the market.
Due to its inherent limitations on asset support, we'll only initially cater to major crypto assets: BTC, ETH, and USDC.
This initial architecture is simply designed to serve as a proof-of-concept (PoC), preparing us for the official pivot to our own custom ecosystem contracts, expected to go live around Q2 2024.
We believe launching with a PoC enables us to fine-tune our platform to our customers' feedback, in order to provide all of the key features required to create the perfect on-chain trading experience.
Our vision for PRINT3R is to create a fully gamified decentralized derivatives exchange, that offers throughput and performance comparable to a centralized exchange, but with all of the benefits and security guarantees offered through the power of Blockchain technology.
PRINT3R V2
From before launch, the PRINT3R team have already begun working on a novel smart contract architecture, with the goal of creating the most advanced decentralized derivatives exchange on the market. PRINT3R V2 is a transformative leap forward, setting a new benchmark in the decentralized trading space. Our platform offers a first of a kind permissionless ability to for anyone to create perpetual markets poising PRINT3R as the ultimate destination for leverage trading any market, or narrative anywhere, onchain.
Some notable features we plan to introduce for our upcoming platform are:
Ability to support any emerging crypto asset without subjecting liquidity providers to unwanted volatility.
Permissionless Markets: PRINT3R V2 offers users the ability to make totally permissionless markets - meaning anyone or any team can quickly create tradable perpetual markets as easily as creating an LP on Uniswap. From major cryptocurrencies and memecoins to blue-chip NFTs and predictive markets, PRINT3R users will constantly have access to diverse & latest trending trading opportunities.
Dynamic Liquidity Allocation: Central to PRINT3R V2 is a dynamic liquidity model that tackles liquidity fragmentation in real time by efficiently reallocating capital across market, enhancing market depth and optimizing returns for liquidity providers.
Achieve full decentralization of our entire ecosystem, eliminating reliance on any central authority. We plan to design our architecture in a fully self-sufficient way, that doesn't depend on constant upkeep from the Core Team.
Enhance transaction throughput and trading efficiency to provide a seamless trading experience.
Introduce advanced trading tools, including a transparent order book and near real-time position updates.
Account abstraction, creating a seamless user experience similar to that of a web2 application.
Fiat on-ramping, removing the need to waste time purchasing, then bridging assets.
We are tentatively aiming to launch V2 in Q2 2024, giving us ample time to innovate, build and then ensure full-integrity and security of our smart contract ecosystem. Learn more about our plans for V2 by reading the article ⬇️
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