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matter-labs / zksync

zkSync: trustless scaling and privacy engine for Ethereum
https://zksync.io
Apache License 2.0
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A suggestion to integrate Bridge and SWAP/LP into a single portal. #503

Closed Cryptoastt closed 5 months ago

Cryptoastt commented 7 months ago

Merging a swap portal and a bridge portal into a single portal on a zksync. It's the first mover advantage which Zksync should consider !

Merging a swap portal and a bridge portal into a single portal on zksync can offer several advantages:

Streamlined User Experience: Combining swap and bridge functionalities simplifies the user experience. Users won't have to navigate between different portals, making it more convenient for them to perform token swaps and cross-chain transactions in one place.

Efficiency: A single portal reduces the complexity of managing multiple systems. It can improve efficiency by consolidating resources, reducing maintenance efforts, and optimizing overall operations.

Lower Fees: With a unified portal, users may benefit from lower transaction fees. Combining the two functions can eliminate redundant processes and reduce costs, which can be passed on to the users.

Faster Transactions: A single portal can potentially enable faster transactions as users won't need to go through multiple steps or portals to execute swaps or cross-chain transfers.

Enhanced Liquidity: By merging swap and bridge functionalities, liquidity can be pooled, providing users with a larger pool of assets for trading and exchanging. This increased liquidity can lead to better trading experiences for users.

The concept aligns with the trend in the blockchain space toward simplifying user interactions and enhancing efficiency. Projects often evolve to meet user demands, so it's possible that newer blockchain platforms or updates to existing ones have incorporated this feature since my last update.

Describe alternatives you've considered Zksync should take the first mover advantage

Additional context This integration could indeed serve as a unique feature, simplifying the user experience and potentially attracting more users to the Taiko blockchain. It's essential to keep an eye on the latest developments in the blockchain industry to see how different projects are innovating and adapting to user needs.

PipoBrown commented 7 months ago

Instead of merging the swap and bridge portals into one, Zksync could enhance the integration between the two portals. While users would still access them separately, there could be smoother transitions between them, such as a one-click option to transfer assets from one portal to the other.

Cryptoastt commented 7 months ago

We know that it necessitates extensive testing. Our current strategy favors decoupling bridges from swaps, as this generally offers more flexibility and maintainability. But an integrated app that enhances user experience would definitely justifies the development costs. And As a first mover, Zksync,in the longer term, will have more user interactions. As at the end of the day, it's all about convenience of users. It should be considered in the long term pipeline.