TI Rating Report - Route Protocol
Route Protocol is trying to build a multi-chain liquidity aggregator and help users to find the best price (Smart Routing) when swapping. Route protocol is developed on Matic network, a layer-2 solution of Ethereum based Plasma mechanism.
Currently, the project is under developing and Dfyn is their first product. Dfyn is a Uniswap-likewise AMM DEX built on Matic network.
Route has finished seed round token sale, with 600,000 ROUTE sold and raised $480,000. It has also finished a farming program on Ethereum and Matic.
“Smart routing” currently is not available and exchange tokens between L2 (Matic) and L2 (Ethereum) are still realized by a manual bridge. Based on the information posted on its blog, Route’s team is working to solve this problem and it is scheduled in 2020 Q2.
Roadmap with detailed plan of Route Protocol was not found on its website, either of its whitepaper.
ROUTE token now is tradable on BitMax, Uniswap, and Dfyn.