What is Fibrous Finance? Fibrous Finance is a decentralized Dex Aggregator exchange developed on StarkNet. Let’s find out what is special about this project with Weakhand in this article.
What is Fibrous Finance?
StarkNet is an ecosystem that has received great attention from investors. Although StarkNet is in Alpha, there is already a development project on this ecosystem. In this article we will learn about Fibrous Finance – a Dex Aggregator on StarkNet.
Fibrous Finance is a decentralized Dex Aggregator exchange developed on StarkNet. Fibrous Finance will aggregate the liquidity of all Dex AMM exchanges on StarkNet and provide the best prices to users.
If you want to learn more about the Dex Aggregator industry, you can read more about 1inch here.
What is Fibrous Finance?
Enter January 6, 2023Fibrous Finance has released version v2 with many features such as:
- Cross Rollup and Mainnet Bridging: Allows users to swap assets across the chain.
- Multi token inputs: Allows users to swap any number of different tokens to get the number of tokens the user wants. For example: Swap 10 USDC + 10 DAI –> ETH
- Set limit command: Users can place buy and sell orders at a fixed price or can place TP, Stop Loss orders.
- Fallback mode for disallowed Swap transactions: To ensure fast transaction speed, Fibrous Finance performs off-chain calculations and exchanges users’ assets on-chain and then sends them to the user’s wallet address. But if the off-chain Fibrous API doesn’t work, the user Fibrous may not be available. In this case, the user can enable it “backup mode” and allows Fibrous to compute on-chain.
- Gassless Trading: Fibrous Finance is conducting research on a swap tool that allows users to trade without fees and prevent MEV attacks.
What is the Difference of Fibrous Finance?
Fibrous Finance creates a difference compared to other Dex Aggregators: Fibrous Finance will divide users’ money into many different groups and AMMs through aggregation and find an optimal Swap level for users.
Fibrous Finance’s operating mechanism
This is especially true for Swap orders with large volumes because we also know that the liquidity of some Dex exchanges is not really good and for Swap orders with large volumes, it will create price slippage. high, causing losses for investors.
Core Team
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Investor
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Tokenomics
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Information Channel of Fibrous Finance Project
- Website: https://fibrous.finance/
- Twitter: https://twitter.com/FibrousFinance
- Medium:
summary
Above is the information I want to introduce to you in this article. Fibrous Finance has been innovative with Dex Aggregator, but the project has not yet launched mainnet so there is not much basis for us to evaluate. But this is also an interesting Dex Aggregator that we should keep an eye on.
