Phezzan Protocol

Should I buy Phezzan Protocol?

Phezzan Protocol is an orderbook DEX on zkSync 2.0 where everyone can be an LP. Compared to AMM, orderbook is more capital efficient and has no impermanent loss. But orderbook DEXs highly depend on market makers, who are slow and hesitant about volatile assets. In Phezzan, anyone can upload market making strategies. Retail LPs can select any strategy, and start LPing with a click of mouse. Strategy owners then can make markets with retail liquidity and get commission. By making retail LP experience simple and returns more predictable, Phezzan will bring retail liquidity, which is one of the best things about AMM, into orderbooks. Phezzan is also the first perp DEX on zkSync 2.0 testnet. In August, about 11% of all transactions on zkSync 2.0 came from Phezzan. Phezzan will implement shared liquidity across all major L2s. A first mover advantage on zkSync 2.0 is a great start for us to get there.