In line with 0x team’s plan to deepen networked liquidity, 0x protocol recently upgraded to version 3.0(ZEIP-56). 0x team’s commitment towards boosting liquidity is evident in its series of transitions to more advanced protocols.
In contrast to the hassles associated with v2.0 upgrade(which involved complete migration to a different smart contract and resulted in the disruption of trading activities at the time), 3.0 launched with no disruption to trading while allowing DeFi apps, relayers and traders access to all features implemented in this latest version.
With v3.0 upgrade, staking has been introduced, a process via which ZRX holders can earn rewards upon delegation to market maker pools. By integrating contract bridges which aggregates liquidity not only from 0x but from other DEX networks including KyberNetwork, Uniswap and MakerDAO’s Oasis, best market prices of most trading pairs across DEXs can now be sourced at 0x.
As a decentralized exchange powered by 0x protocol, Tokenlon will support 3.0 upgrade in future. This will certainly enable all users make the most of the enhanced liquidity on the platform.