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- VeRocket recorded a remarkable surge in trading volume since March.
- Permissionless technology and other interesting technologies were touted as the catalysts.
VeRocket, the secure, fast and audited Defi infrastructure on VeChain has reportedly recorded tremendous trading volumes since March. According to the report, the platform has several outstanding features and experiences that have contributed to this achievement.
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
Firstly, VeRocket has an outstanding infrastructure and a user-friendly interface. Unlike most known platforms, its validation is said to offer maximum security for transactions in addition to a fast and decentralized exchange experience.
VeRocket is also striving to improve its operations as it recently announced a partnership with leading fiat-to-stablecoin gateway Stably Ramp, to provide users with more stable and secure on-ramp and off-ramp options. This means users can now transact on VeChain’s native decentralized exchange with VeUSD.
Stably Ramp provides easier payment options including Fedwire, SWIFT, ACH, and instant ACH. VeRocket is believed to have initiated this collaboration due to Stably Ramp’s favorable exchange rate. It is likely to become an omnichain once integrated with DeFi aggregators in Q2. After that, it can offer more than 100 digital assets on more than 25 networks.
This alliance with #StablyRamp greatly enhances the usability of $VeUSD and expands its access to more users in the #VeChain ecosystem. The advantage of #onramp’s #stablecoins brings a stable and reliable gateway to trade and exchange digital #assets on the #VeRocket.
Explosion Catalyst on VeRocket
VeChain’s Multi-task Transaction (MTT) has been a remarkable feature on VeRocket, allowing users to simplify the number of requests to the frontend/backend and blockchain. In addition, this feature also utilizes fee delegation on VeChain to encourage users to trade with no transaction fees.
The low gas fees on VeChain make every transaction affordable for both users and DEXs. Combining the above two features, VeRocket DEX not only enhances the trading experience for existing blockchain users, but also makes it easier for new users to get into the blockchain world.
One of the notable features of the VeRocket platform is the permissionless feature. Users can trade tokens on the platform with just a VeChain wallet. Users have the option to earn tokens without having to go through Know-Your-Customer (KYC) verification. It also has a flat fee of 0.3 percent to allow users to exchange frequently and in line with other exchanges.
Every time a trader sends tokens into the pool with the 0.3 percent fee, the liquidity provider shares the fee every time they make a swap. Another feature of the VeRocket platform is automatic VTHO generation. Instead of leaving VET idle in the wallet, users can add LPs associated with VET. Lastly, its community-driven advantage makes it attractive to users.
With DAO tokens issued in the future, VeRocket will become a DAO governed DEX. DAO token holders will have ownership over VeRocket’s governance processes. Protocol stakeholders will be able to submit proposals for protocol changes and vote on factors that affect the entire community such as how the treasurer distributes funds.
