During our time with the Crypto market, we have become very familiar with Dex Aggregators like 1Inch. Along with Dex Multichain like Stargate, Matcha, Paraswap, Dodo,… But today we learn about a project that is both Dex Multichain and Dex Aggregator.
Actually, this concept is not new, the project just combines previous models and creates a new development direction. And the project I want to introduce to everyone is Firebird Finance.
What is Firebird Finance? Firebird Finance is a Dex Aggretor platform that supports Multichain. Built on Fantom and supports the Fantom ecosystem. So what is Firebird Finance? Let’s find out in this article!
To understand more about this article, you can refer to some of the following articles:
- What is 1inch (1INCH)? 1inch Cryptocurrency Overview
- What is Matcha? Matcha Cryptocurrency Overview
- What is Stargate Finance (STG)? Stargate Cryptocurrency Overview
- What is Dodo (DODO)? Overview of Dodo Cryptocurrency
What is Firebird Finance?
Firebird Finance is a multi-chain Dex aggregator, offering the latest swap technology, with cashback rewards for users. By integrating multiple DEXs, giving users easy access to billions of dollars worth of DeFi protocols. Firebird’s advanced routing algorithm gives users the best prices, lowest slippage, and highest profits.
Firebird Finance currently supports 8 different chains, with a total transaction volume of more than 8 billion USD. A very remarkable achievement, thereby helping the project reach new heights in the future.
Firebird is charging 0.5% for Stablecoins, 0.05% for regular assets. Except for Optimism and Arbitrum, all remaining Chains are subject to transaction fees.
Firebird has a referral program integrated with FBA tokens as additional passive income for users. Earn a bonus on every successful trade after meeting one of the following two criteria: when a user enters your referrer, or when a user communicates through your connection to the Firebird API. The bonus earned will be 5% for each order your referral makes.
Quite surprisingly, Firebird connects to most supported network Dexes. Thanks to that, the protocol provides the best prices.
Benefits of trading on Firebird:
- Good prices and low slippage
- Friendly interface and chart support
- Refunds with Chain are supported by this service
Mechanism of action
Profit sharing
When users interact with Firebird, the protocol will collect fees and those fees will be distributed to the Liquidity Pool, Staking Pool, Treasury.
Refund
This is the first platform to have a refund mechanism when trading. Users just need to transact on Firebird’s interface, then Firebird will mint FBA Tokens to reward the user. The bonus amount depends on the volume you trade. But it is only a very small amount, used to encourage users.
Development Roadmap
- Expand the compositor
- Discord/Telegram swap bot
- Limit order
- Reduce MEV
- Transaction with less gas
- Payment on P2P chain
- Multi-DEX cross-chain aggregation
Core Team
Updating…
Investors
Updating…
Tokenomics
Overview information about Firebird Aggregator Token
- Token Name: Firebirb Aggregator
- Ticker: FBA
- Blockchain: Fantom Opera
- Standard: FRC-20
- Contract: 0x0e249130b3545a2a287de9f27d805cab95f03db9
- Maximum supply: 21,000,000
Token Allocation
Updating…
Token Release
Updating…
Token Use Case
FBA holders can participate in governance and share revenue from the protocol.
Exchanges
FBA tokens are traded on Beethoven X, Equalizer.
Firebird Information Channel
- Website: https://firebird.finance/
- Twitter: https://twitter.com/financefirebird
- Medium: https://firebirdfinance.medium.com/
- Discord:
summary
The project also launched a new utility for DeFi but is only working effectively on Fantom. For the remaining Chains, the transaction volume is extremely low. And to gain market share in this niche is still a big question.
So I’m clear about what Firebird Finance is? Hope this article brings you a lot of useful knowledge!
