repasting Aristokrates’ thoughtful response to our review in this thread so readers can have proper context
First thank you for reviewing Kromatika proposal. Based on what is written we see that you have spent a lot of time reviewing how the Kromatika protocol works internally and we are really glad about that, so we can explain ti in details how it works.
Please find our initial feedback below.
We still believe that our feedback will not change the bias intention of this review and at least it should have been provided a lot earlier (since Kromatika proposal was created 6 weeks ago).
We believed this review is on the edge of rough review and not an objective review.
However, we are here to discuss it with cool heads, all that for providing more insight and transparency to the OP delegates and community that we are all part of it
Start
This actually is on the edge of FUDing saying team likely have multiple wallets doing limit orders without any support.
Fees charged correspondent to the gas needed to pay for filling the limit orders;
the Optimism gas fees are lower, so the fees are 0.1$ per limit order.
This is also a dump assumption without any support. The keepers pay the gas fees for filling limit orders and get KROM as compensation in the same $ value. Since gas fees are low on Optimism, we dont see a sell pressure from keepers.
If a fee for filling limit order costs 0.1$ order limit order, it would take 10.000 filled limit order to even get to 1000$ fees. that confirm the no sell pressure coming from the Keepers.
This actually will drive adoption and more users to it, since more users will be inclined to use limit order more often. Please note that limit orders are UniswapV3 position, so by placing limit orders on Kromatika, users are placing liquidity on UniswapV3 and increase the liquidity depth on Uniswap pairs.
This benefits the UniswapV3 liquidity depth for any trading pair, which means it benefit the entire Optimism ecosystem and one of the DEX protocols with higher volume there, reducing the price slippage on Uniswap as well.
Gasless trading means users will DONT need to pay any ETH gas when performing swap via Kromatika. Since Kromatika is a DEX aggregator, it pulls liquidity from different liquidity sources.
At the end, this feature benefit the END users, since they are the ones that can do swaps without paying ETH gas at all == FREE ETHLESS swaps with low price slippage.
The gasless mode will work on Kromatika as well without subsidising with $OP (when the gas subsidising period is over), however, the gas fees are then charged from the output amount from the swap.
We are really glad that we have the chance to explain our proposal in depth. Please let us know if we can clarify other aspects of it.