PoseiSwap: Compliant, Private, and Supporting a Wider Range of Assets

Poseiswap
5 min readMay 12, 2023

--

Nautilus Chain represents a new paradigm in the development of public chains, as the first Layer3 chain in the industry and the fastest parallel EVM Rollup solution available. As the first modular chain, storage, computation, and consensus are all in separate modules, allowing for greater scalability and expansion capabilities while further enhancing network throughput, security, and privacy on top of Layer2.

Nautilus Chain, as the first to adopt Celestia’s modular architecture, uses ZK Rollup technology to increase privacy. This offers more customization and options for developers, allowing them to choose suitable solutions for building DAPP-Chains, DAPP-Rollups, or DAPP-Subnets.

PoseiSwap is the first DEX on Nautilus Chain, and it’s strongly supported by the Nautilus Chain ecosystem. The Zebec Labs Foundation previously invested $1.5 million in PoseiSwap and provided incubation support. PoseiSwap’s early advantages include its construction on Nautilus Chain and the support of Zebec Labs. The platform offers privacy, compliance, and support for a broader range of assets, which will contribute to its long-term competitive advantage.

In the industry, many DEXs have similar features, and constantly launching DEXs or DeFi components with the same functionality is redundant and ultimately meaningless. PoseiSwap’s differentiation and competition are admirable. The platform is poised to become one of the best entry points for traditional users to join the Web3 world.

Compliance and Privacy

Compliance and privacy are important issues, and there aren’t many solutions available for Web3 that adequately address both. Nautilus Chain, as a Layer3 solution, offers more customization advantages, which means that extendable systems can potentially achieve more competitive features. Zk-Rollup technology is a key method for Nautilus Chain to achieve privacy, as it’s based on cryptography and not reliant on hardware. This allows for a more decentralized application to large-scale privacy demands in blockchain networks.

Nautilus Chain is expected to provide scalable privacy services for on-chain facilities, and PoseiSwap, as the first DEX on Nautilus Chain, is further leveraging its privacy capabilities. The platform plans to offer Zk-based privacy transaction services for traders in its official version.

Zebec Protocol itself has compliance features and experience, having developed the tax-compliant on-chain processing system Zebec Payroll. This system allows employees to receive USDC or other stablecoins as wages in real-time while converting part of their salary into mainstream cryptocurrencies or allocating funds to compliant crypto IRA and 401k accounts. Zebec Protocol is currently providing compliance expertise to Nautilus Chain.

As a result, PoseiSwap can use OFAC-compliant module facilities for compliant asset trading and support a wider range of on-chain assets. With privacy and compliance features, PoseiSwap is expected to establish strong connections with the Web2 world, addressing a significant gap in the crypto industry.

Driving the Web3 World Towards New Value Discovery

PoseiSwap is more than just an ordinary DEX. In addition to trading FT assets, it has expanded its protocol standards to support more NFT asset trading, making it a comprehensive DEX. Based on FT, NFT, and its own compliance and privacy features, it is well-positioned to trade a broader range of real-world assets.

The RWA (Real World Asset) sector is becoming a new hotspot in the industry, tokenizing tangible assets into digital tokens or NFTs that can be traded on the blockchain. This opens new possibilities for investors and bridges the gap between traditional and digital economies. RWA tokenization unleashes liquidity, allowing funds to flow freely from traditional markets to the crypto realm, enhancing DeFi potential value, and opening new investment opportunities.

The positive aspect is that more and more investment institutions and on-chain protocols are moving towards RWA development, which will be crucial for the growth of the RWA sector. PoseiSwap is set to become an important part of this landscape, serving as a compliant and private DEX that supports trading for RWA assets (in FT or NFT forms).

Over the past decade, the crypto industry’s narrative has undergone three major shifts. In its early stages, decentralized commodity currencies like Bitcoin were the main narrative, highlighting the ideology of decentralization. The emergence of Turing-complete Ethereum led to the second shift in value discovery, from purely decentralized currencies to decentralized smart contract platforms, laying the foundation for the future development of the on-chain world.

After DeFi Summer, on-chain activities and decentralized applications became the main value discovery direction in the industry. The crypto industry continues to evolve in new forms, with the collapse of traditional banking accelerating this trend. However, the crypto-native aspect remains a key characteristic of the industry, with on-chain facilities primarily serving crypto-native users.

For the crypto industry to undergo another transformation, it needs to achieve a fundamental breakthrough. While it’s unclear what the future narrative of the crypto industry will be, the next shift will likely involve seeking new external incremental markets.

PoseiSwap, based on Nautilus Chain, is helping to establish new connections between the Web2 and Web3 worlds, providing early momentum for new value transformations in the crypto industry and Web3 world.

This is not only the value and significance of PoseiSwap but also the future development vision and direction for Nautilus Chain and the Zebec ecosystem.

PoseiSwap has already established its economic plan and model, and more Zepoch nodes are receiving $POSE governance tokens through airdrops. PoseiSwap will soon launch market plans for $POSE, including IDOs and listings on major markets. PoseiSwap is still in its early stages, but it is expected to launch an official version of the protocol after the Nautilus Chain mainnet goes live.

--

--

Poseiswap
Poseiswap

Written by Poseiswap

PoseiSwap is the very 1st #Dex on the @Nautchain , built to provide the best trading and liquidity provision experience for users and project developers.

No responses yet