6 posts tagged with "polygon"

After more than one-month test running, FeSwap has proven that FeSwap Protocol of commission-free is theoretically correct, and technically feasible.

To attract more liquidity providers and more token exchange users, FeSwap will airdrop 1,000,000 FESW@M tokens to randomly selected 500 Polygon network users each day within the next 20 days. Totally 10,000 users will share the 20 million FESW airdrop under the rule of 2000 FESW/address.

The first 500 lucky guys are here:
Transaction 1
Transaction 2
Transaction 3

Learn more: feswap.io

Jump to Dapp: app.feswap.io

Based on The Graph protocol and the FeSwap subgraph, FeSwap Charts is available for end-users to explore the Token, Pair, and the Account information on FeSwap Exchange.

As FeSwap is commission-fee, the exchange profit is calculated according to the K-Value square root increase within the internal token exchange taken place while the token price deviation between the twin token pair reaches the threshold, instead of calculating from the exchange volume.

From the information shown on the charts, it is clear that even if FeSwap does not charge any fees to exchange users, the liquidity providers can still make competitive profits from the swap transactions.

Learn more: feswap.io

Jump to Dapp: app.feswap.io

Link to The Graph: thegraph.com

Underpined by Polygon's highly cost-effective performance, FeSwap, the world's first and only DEX charging no commission fee to, is quickly and broadly adopted on Polygon network.

Nealy 500 token pair NFTs are minted, and about 1.4 million FESW@M tokens are airdropped within last two weeks. And more than 200 exchange transactions have completed to display out how the exchange transactions could be free, and how the liquidity provider's profit are earned by capturing profit from the price slipppage caused by crypto market variability.

To grow and give back to the community, we have launched liquidity mining on 5 liquidity pools, which are: MATIC/USDC, MATIC/ETH, MATIC/USDT, ETH/USDC, MATIC/FESW@M.

10 millon FESW are available to mine within 120 days for each one of the 5 liquidity pools. Following minable liquidity pools could be proposed and voted by the community.

Learn more: feswap.io

Jump to Dapp: app.feswap.io

As scheduled, FeSwap DEX token pair NFT bidding is switched on at 2021-12-12 12:00:00 PM.

After 20 hours running, everything works well, and all transactions run smoothly with Polygon high performance. Up to time writing, 8 FeSwap token pair NFTs are minted, with 26,400 FESW@M tokens airdropped。

The 8 token pairs and their prices are as follows：

• MATIC/USDC: 6 MATIC
• WETH/MATIC: 8 MATIC
• MATIC/USDT: 3 MATIC
• MATIC/WBTC: 3 MATIC
• MATIC/FESW@M: 5 MATIC
• MATIC/DAI: 0 MATIC
• WETH/USDC: 0 MATIC
• WETH/LINK: 0 MATIC

Learn more: feswap.io

Jump to Dapp: app.feswap.io

Link to: Polygon Website

Totally 10 addresses participated in the FeSwap application testing on Ethereum testnet, and involved in various FeSwap transactions on Ethereum mainnet. Each one of them is airdropped with 50,000 FESW@M, the FeSwap governance token on Polygon.

Other 3 addresses have desired to join in FeSwap testing, each one of which is airdropped with 20,000 FESW@M.

Totally 560,000 FESW@M are airdropped to 13 addresses contributed to FeSwap experiment on Ethereum.

The overall airdrop information are following:

Learn more: feswap.io

Have a try: app.feswap.io

As Ethereum network is more and more expensive, FeSwap cold-start on Ethereum is quite difficult and seems impossible at this phase, so it is time to deploy FeSwap to some other cheaper and EVM-compliant blockchains.

At first, Binance Smart Chain is our selection. But we finally decide to deploy on Polygon considering that Polygon is the most cost effective Ethereum scaling solution conveying plenty of Defi applications and ecosystem.

Compared to the smart contract implementation on Ethereum, we have done quite some code optimization to be more gas fee effective, and a new designed patch mechanism is added to a few core smart contracts as the security escape hatch in case. These smart contracts have been exhaustively tested, and now is ready to be officially launched.

Similar as FeSwap on Ethereum, each token pair is minted as an NFT, but all the NFTs on Polygon network is auctioned with starting price of ZERO. The owner of each token pair NFT will share 60% of the protocol profits earned by the corresponding liquidity pool.

Commission free seems crazy for decentralized exchange. FeSwap invites everyone to try and to prove that it works, and it works well, it works even better than charging end users.

FeSwap will launched on Polygon at 2021-12-12 12:00:00 (UTC+8). Why not pick up some free token pair NFTs for yourself?

Learn more: feswap.io

Have a try: app.feswap.io

Link to: Polygon