Major Overhauls Coming to Koi Finance

Major Overhaul Coming to Koi Finance: Concentrated Liquidity, Permit2 Approvals, and Multi-Routing

We are excited to announce a significant overhaul to Koi Finance, packed with several major upgrades that will enhance your trading experience and security. Our team has been working tirelessly to introduce new features aimed at improving liquidity management, user experience, and transaction efficiency. Here’s a sneak peek at what’s coming:

Concentrated Liquidity Pools

We’re introducing concentrated liquidity pools inspired by Uniswap v3. This development allows liquidity providers to concentrate their capital within specific price ranges, leading to greater capital efficiency and improved earnings. By allowing liquidity providers to focus their funds where they are most needed, we aim to enhance the overall liquidity of our platform, ensuring tighter spreads and reduced slippage for traders.

Permit2 Token Approvals

User experience and security are at the forefront of our Koi's design. By adopting the Permit2 token standard, we’re making strides toward safer and simpler user interactions. Permit2 enables users to approve token transfers in a more secure manner without having to interact directly with smart contracts. This reduces the risk of unauthorized token transfers and simplifies the approval process, making it more intuitive for users.

Multi-Routing for Price and Gas Optimizations

Efficiency is key in the DeFi space, and our multi-routing feature is set to optimize both price and gas costs for transactions. By intelligently routing trades through multiple pathways, our platform can find the most cost-effective and efficient routes for your transactions. This means you get the best possible prices and lower gas fees, ensuring a smoother and more cost-effective trading experience.

Conclusion

These updates mark a significant milestone in our journey to provide a top-tier DeFi platform for the zkSync ecosystem. We’re committed to continuous improvement and innovation, and these features are just the beginning. Stay tuned for more updates and detailed guides on how to make the most of these new capabilities.

Thank you for your continued support and trust in our platform. We can’t wait for you to experience these exciting new features!