In the Ethereum ecosystem, Uniswap is the leading DEX, but it charges fees ranging from 0.01% to 1% on LPs, which has increased transaction costs and hindered the rapid development of the ecosystem. This has also limited the accessibility of blockchain technology to a wider audience.
Robinhood has achieved tremendous success in the United States, with over 30 million active users. Their core strategy of offering commission-free trading has been a major factor contributing to their success. The appeal of free services is undeniable, and this serves as an example for the success of FeeFree.
FeeFree is a decentralized exchange (DEX) that provides a fee-free DeFi experience with zero LP fees. FeeFree aims to minimize gas costs, with each transaction incurring only a nominal flat gas fee per transaction (less than $0.1 per transaction).
To reach 10,000 active users.
- Set a zero fee rate for the liquidity pool.
- Provide initial liquidity through our own funds, seed rounds, and grants.
- Set a specific lock-up period.
- Use a portion of the gas fees to reward the initial liquidity providers.
- Continuously reward liquidity providers with a share of the transaction gas fees received.