Introduction | CentaurLabs

Motivation

The rise of decentralized finance (DeFi) and the popularity of Ethereum-based DEXs have brought significant challenges, especially high gas fees. Users often need to hold ETH in their wallets to pay for transaction fees, making it less convenient for those who may only hold other tokens. CentaurLabs aims to solve this problem by enabling gasless swaps, allowing users to trade any cryptocurrency without the need to own or hold ETH.

Problem Statement

Currently, most decentralized exchanges on Ethereum require users to pay gas fees in ETH. This creates barriers for users who may not want to hold ETH in their wallets or who face high transaction costs when swapping tokens. CentaurLabs addresses these issues by introducing a gasless swap mechanism.

Objectives

The primary objectives of CentaurLabs are as follows:

• Enable gasless swaps on the Ethereum blockchain.

• Improve accessibility and convenience for users by removing the requirement to hold ETH.

• Maintain the security and efficiency of the DEX.

• Introduce a governance system and tokenomics that align with the project's goals.