Pushing the Limits of DeFi with Firefly
Defi does not stand still and is constantly evolving. Do you know a convenient and secure DEX on the Polkadot network that makes it easy to trade derivatives? The answer is Firefly.
One of the main advantages of Firefly is easy and convenient derivatives trading. For most ordinary users, so far it is a dark forest. But Firefly will change the attitude of users to this type of trading.
Derivatives trading
Derivatives trading itself is becoming increasingly popular. What are the reasons for this?
- No custody of the underlying asset is necessary.
- The possibility of trading with leverage.
- The position can be open for any period of time.
- Easy Access to Shorting
All these advantages together provide huge advantages for traders.
What qualities distinguish Firefly from other exchanges? Let’s look at some of them:
The security of its users
The Firefly platform’s security will benefit from the shared security of the Polkadot Relay Chain and the AnyTrust guarantee when rollup assertions are submitted to the Moonbeam chain. The team is closely engaged in the issue of security. The non-custodial smart contracts are open source and can be verified by any interested party. Firefly is open to everyone and relies on security. Firefly is a reliable product and when creating it, the team cooperates with its partners — the best security firms in the industry.
Returning value back to traders
Another unique quality of Firefly is the return of value back to traders. Firefly users earn equity in proportion to their trading activity. This encourages users to enjoy using the product. This significantly distinguishes Firefly from centralized exchanges. The FFLY rewards are calculated according to a weighted arithmetic average of fees paid, average open, and maker volume.
Low fee
The transaction cost in Firefly is less than one cent. No hidden fees. Cheap DeFi in your hands. The Firefly team relies on the mass use of its platform and tries to make its use comfortable for everyone financially, including.
Speed
Incredible speed of work and perfomance. The time from order creation to on-chain settlement on Firefly takes 400–800ms.A nice smooth interface that always keeps up with your actions.The speed of work will remain a priority and the technical performance of the platform will increase in proportion to the needs.
Strong set of backers
Incredibly strong set of backers. Firefly has closed a seed investment round co-led by Three Arrows Capital and DeFiance Capital, with Polychain Capital, ParaFi Capital, Huobi, Mechanism Capital, Magic Ventures, Bixin Ventures, IOSG Ventures, Hypersphere Ventures and others. Backers of this level will allow you to give confidence in the long and successful life of the project. Such companies invest only in really worthwhile projects.
Strong community
A strong community that works closely with the project team. The presence of feedback and constant self-improvement. All successful modern crypto projects partly owe their success and prosperity to building a strong loyal community. This has become a kind of quality mark lately. Firefly is working hard on this point at the earliest stage.
Thanks for attention. Join our community on https://firefly.exchange/ and https://twitter.com/fireflyprotocol
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