YziLabs Invests in Derivatives Trading Platform KiloEx to Explore High-Speed Trading
1. After four years of on-chain finance development, centralized exchanges (CEX) still dominate the majority of liquidity and users, while decentralized exchanges (DEX) struggle to attract new users due to operational complexity and gas fee issues.
2. KiloEx, as a perpetual contract DEX, is exploring achieving gasless transactions to simplify the user trading process.
3. Currently, the mainstream gasless implementation methods include EOA Based Paymaster and ERC-2771 (Meta Transaction), with KiloEx opting for the latter.
4. KiloEx adopts a 1CT wallet combined with the Meta Transaction scheme, where users only need to sign once to create the 1CT wallet and authorize it. Subsequent transactions do not require additional signatures, thereby improving transaction efficiency.
5. When users experience the high-speed transaction mode on KiloEx, they do not need to hold gas tokens; they only need to hold stablecoins such as USDT/USDC to complete contract opening.