What Is ZigZag(ZZ) Coin Review ?
ZigZag is a native, easy-to-use, reliable, fully secure and low fee Decentralized Exchange built on ZK Rollups. ZigZag is a decentralized non-custodial order book exchange, powered by zk-rollups. This allows our users to seamlessly and securely trade with near-zero fees all while providing centralized exchange like quotes on all size trades. The also aim to provide the flawless functionality, experience and optimal liquidity centralized exchanges do all while being fully decentralized.
Anyone can run a market maker bot to fill incoming orders. The market maker bot can be found in GitHub: https://github.com/ZigZagExchange/market-maker. Explanations and details on how to run the bot are in the README. If you need a more simplified step-to-step explanation, please continue reading. If you still run into issues after this guide, join our Discord (discord.gg/zigzag). We’re also giving out Discord roles (‘MM bot’) to anyone that is running a market maker. Join Discord to claim your role! Note: every now and then you will need to update your market maker. Be sure to check up on the GitHub repo (https://github.com/ZigZagExchange/market-maker) and claim your ‘MM bot’ role on Discord to receive announcements.
ZigZag (ZZ) Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What are ZK Rollups ?
ZigZag -Rollups are one of the options being developed for layer 2 construction to increase the scalability of Ethereum. All funds are held by a smart contract on the mainchain, while computation and storage are performed off-chain. The main idea is that instead of verifying each transaction separately, transactions are “rolled up” to a single item (the rollup block), which is then being verified, approving all them simultaneously.
ZigZag Occasionally a ‘nonce mismatch’ error can come up when placing an order, resulting in a rejected order. This does not result in deducted gas or trading fees. Simply place the order again.
Trading pairs not loading If your trading pairs are not loading/visible, simply refresh the page. This issue may occur if you’re not able to connect to the backend.
ZigZag All tokens listed on ZigZag Exchange zkSync 1.x can be found here: . zkSync filters out tokens and lists the correct ones based on Coingecko and Uniswap. ZigZag can only list tokens that have been bridged through zkSync’s smart contract. The token name and ticker are pulled from the token contract and can be found under the pair. The token icon is also shown:
FTM – Native
MATIC – Native
LUNA – Wormhole
UST – Wormhole
SOL – Wormhole
AVAX – Wormhole
ZigZag Occasionally a ‘nonce mismatch’ error can come up when placing an order, resulting in a rejected order. This does not result in deducted gas or trading fees. What you can do as user is to refresh, reconnect your wallet and place a new order.
ZigZag When a user signs an order, the nonce is included in the signed message. So when the swap is submitted, user’s nonce has to match the signed nonce. If the user or the market maker increases their nonce before the swap is submitted (by making any other transaction, eg transfer, withdraw or another swap) then the order they signed becomes invalid. This becomes especially apparent when a market maker has to process a lot of swaps at a time.
ZigZag We’re awaiting StarkWare’s release of ERC20’s on StarkNet. Then we will reopen our testnet. Our StarkNet testnet can be found on our website: https://trade.zigzag.exchange/. Right now, we’ve implemented an inbrowser wallet that automints fake tokens. The orderbook and limit orders are real, but functionality is limited. We are aware of all the bugs and errors.