The goal of DeFi Plaza — to provide an exchange that offers such favorable terms to its user base that it will generate more than enough volume to compensate LP for lower fees. DeFi Plaza will launch with a commission rate of 0.1 percent for 120 trading pairs between the 16 largest and most liquid tokens in the Ethereum DeFi ecosystem.
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About DeFi Plaza
DeFi Plaza — a multi-token exchange, listing 16 tokens. You can trade each token against any other token, creating 120 unique trading pairs. The tokens, selected for listing, include the highest volume tokens and the most liquid tokens in DeFi.
The main focus for these savings - on the features end users face for exchanging, adding / removing liquidity and betting (canceling) transactions.
Some features:
| 1 | The DAO makes governance decisions about which tokens to list, which exchanges to launch, which fee structures to apply, etc. |
| 2 | The DAO voting token is distributed through a liquidity reward program, running for one year on the main exchange. |
| 3 | The distribution follows a quadratic function to give preference to early adopters who take more risk. |
The governance token - a fixed-delivery token that can be mined by staking the liquidity token of the XDP1 stock index. All 100MM will appear throughout the year. At launch, 1 million (1 percent) will be on the exchange as initial liquidity. Another 4 million (4 percent) are unlocked to recover development and deployment costs. 5 million (5 percent) are available as a Founder's Reward, locked for 1 year to incentivize continued commitment to the project. 5 million (5 percent) tokens are reserved for the Multisignature Community Wallet, which will be spent in whatever way the community thinks is in the best interest of the project. The remaining 85 million (85 percent) tokens are available to community members as a liquidity reward.
Additional information
At the moment, White Paper and RoadMap are not available on the site. Instead, the developers provide a blog on the Medium site. Introductory articles and news are available there.
If you want to stay up to date with all innovations, subscribe to the community on these social networks:
- twitter;
- telegram.
The smart contract doesn’t have an audit.