Saturn Protocol v2 is a major upgrade to the protocol that powers our decentralized exchange. The successful launch of Saturn protocol v2 will mark the completion of the Prometheus stage of our roadmap. It introduces a number of key new features that improve the protocol across the board for all its investors, users and stakeholders.
Key new features include:
- Token-to-token trading pairs.
- Automatic market making.
- Automatic price discovery for all tokens.
- Improved smart contract and Dapp interoperability.
- DAO governance and regular profit payouts.
- Cross-chain atomic swaps cross chain swaps.
- Improved uncensorability via Saturn Rings.
You can see an in-depth discussion of every module of the new protocol in a dedicated article linked below.
Let's break down all improvements from each stakeholder's perspective.
While it is well known that market making is a profitable strategy, in practice running market making bots requires a lot of specialized computer knowledge that traders may not have. Automatic Market Making allows you to pool your tokens with Saturn Protocol earning a steady stream of income from every trade made on the protocol.
While the price of major cryptocurrencies, such as Ethereum, Bitcoin or XRP is well known and stable across exchanges, some smaller altcoins still represent a great opportunity for traders with higher risk tolerance, as altcoins continue delivering x50, x100 ROI even in bear markets. The caveat is that it is hard to estimate what is the right price for an altcoin in its early days. Automatic price discovery solves this issue on the smart contract protocol level, ensuring you always get the best price.
Not only is the fair price automatically set by the smart contracts - it applies to all token-to-token pairs. All coins listed on Saturn Protocol v2 are tradeable against any other listed token. Now you can trade your crypto against major cryptos like ETH and Bitcoin (via WTBC or tBTC), but also against major tokens (MKR, LINK, KNC) as well as against stablecoins (DAI, USDC, USDT).
Cross chain atomic swaps enable traders to swap cryptos among different blockchains, such as ETH/BTC, ETH/ETC, and even things like BTC/DAI, combined with keeping 100% control of their funds. Remember, not your keys - not your crypto, and we offer the solution for you to retain full control even during cross chain swaps.
For Developers, Business Owners and Token Teams
Many token teams and business owners want to enable their communities to trade not only against ETH and ETC, but also against stablecoins and other tokens. This feature is finally coming to Saturn Protocol v2.
A healthy, liquid market is what allows a cryptocurrency community to grow. Saturn Protocol v2 enables automatic market making - it has never been easier to allow your community to pool liquidity and prosper together.
Now you can leverage your coding, server hosting, and community management expertise to launch a Saturn Ring - a decentralized affiliate of Saturn Protocol. Embed trading widgets on your website, host trading bots for on-chain and cross-chain trading, and earn a profit proportional to how many trades you originate.
The new architecture and improved smart contract integration will enable your Dapps and your token to have a broader reach with our integration partners and the rest of the #DeFi ecosystem.
Improving the exchange experience and liquidity for traders and business owners alike will generate more fees for Saturn token investors. Additionally, Saturn Protocol v2 introduces staking for Saturn tokens and utility mechanism. This pushes demand for Saturn Tokens up, while the total supply of Saturn Tokens remains fixed and unchanged.
Additionally, with the launch of DAO Governance investors will be able to directly control the roadmap, fee structure, and dividend pay out decisions, or optionally delegate their vote to a trusted individual without losing stake in the DAO.
With regards to token price, due to the structure of the protocol, every trade uses SATURN to provide liquidity for the whole exchange. While this enables automatic price discovery for all tokens listed on the protocol, it is worth noting that SATURN itself will derive its price based on protocol usage and dividend pay outs, and by design, it will be the token with the highest trading volume on the new Saturn Protocol.
Time to HODL!
New to Saturn Network?
Read more about Saturn Protocol V2 below, an upcoming major exchange protocol upgrade that will bring token to token pairs, automatic market making, DAO activation for community governance, dividend payouts and much more!