title: Sunny Article

author: Boss date: 2024-01-15

Polyester123 is a decentralized exchange (DEX) built on the Fabric Layer 1 blockchain It enables fast, on-chain trading of zAssets, which are synthetic, Fabric-native versions of real assets like Bitcoin, Ethereum, and Dogecoin Each zAsset is backed 1:1 and issued through the Zipper protocol

At launch, Polyester supports spot trading only Unlike traditional DEXs, it uses a centralized-style order book instead of liquidity pools This allows for precise execution using limit orders and TWAP, while keeping all trades and balances on-chain

To use Polyester, users authenticate through Turnkey, which creates a unique Turnkey wallet Supported authentication methods include Google and MetaMask If using MetaMask, your address is not used directly It simply serves as your login to Turnkey The Turnkey wallet then controls a Smart Wallet, which acts as your funding account on the Fabric network

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Key Features

:::::accordion ::::item{title="Spot Markets at Launch"} Trade zAssets like zBTC, zETH, and zSOL with full on-chain execution and order-level control :::: ::::item{title="Smart Wallet System Backed by Turnkey"} Every user is issued a smart wallet that acts as their funding account on Fabric This wallet is controlled by a Turnkey wallet tied to your login method :::: ::::item{title="Separation of Funding and Trading Accounts"} Your smart wallet is your funding account When a smart wallet signs in to Polyester, an attached trading account is created Your trading account is where you’ll find your trading balance, open orders, order history, PNL, and other Polyester-specific data :::: ::::item{title="Gas Sponsored During Early Fabric Phases"} All $FAB gas fees are covered by the protocol during the initial rollout Polyester maintains a register of smart wallets and supplies gas only to those Even if a smart wallet holds leftover $FAB, it cannot send that to non-smart wallets This system keeps $FAB usage controlled until the token generation event :::: ::::item{title="Order Book Execution"} Polyester offers limit orders and TWAP execution on-chain with no reliance on liquidity pools :::: ::::item{title="1:1 Backed Assets via Zipper"} All zAssets originate from Zipper, which locks original assets in secure vaults and issues their equivalent on Fabric Full transparency is available on-chain :::: :::::

Why Polyester Exists

Most decentralized exchanges rely on pooled liquidity, complex bridging, or unreliable UX to remain trustless Polyester fixes that by giving users a clean, fast trading experience powered by smart wallets and a true on-chain order book

Polyester and Zipper also unlock new possibilities for assets that previously had limited use For example, you can trade your Dogecoin for Litecoin, then trade that Litecoin into Bitcoin, all while staying fully backed by the original native-chain assets These are real swaps, with real backing, inside one seamless ecosystem

More Than a DEX

Polyester is just getting started Lending is coming soon, expanding the platform beyond trading into a broader DeFi powerhouse You’ll be able to borrow against your assets, lend to earn passive yield, and access new tools built directly on Fabric

Trade real assets on-chain Then do even more