Mantle Blockchain is increasingly attracting cash flow. Projects are also being built more and more, leading to a rapid increase in transaction demand. In previous articles, you and I learned about two AMMs on Mantle Network, today we will learn about another AMM, FundingX Finance. Let’s learn about the project in this article.
Overview of FundX Finance
What is FundX Finance?
FundingX Finance is an AMM automated market maker built on the Mantle Network. FundingX Finance is primarily built for trading pairs on the Mantle Network to take advantage of low transaction costs and high security.
Similar to other AMM projects, FunsionX Finance is a place where people can optionally provide liquidity to earn trading fees, and is also a trading place for traders in the Mantle ecosystem.
The project is developing FunsionX v3 version, this version is similar to Uniswap V3, applying a centralized liquidity model, helping liquidity providers optimize capital resources and collect more transaction fees. The project also develops two additional features:
- Staking FSX (project’s native token) to receive FSX token rewards
- Staking LP tokens to receive FSX token rewards
Currently, the project is also applying a decentralized governance model, giving voting rights to users to vote on important decisions of the project.
In addition, the FundX project is also preparing to launch a launch pad for new projects on the Mantle ecosystem and the Funding Perp derivatives exchange.
Development Roadmap
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Coreteam
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Investors
On the project website, it is announced that FundX Finance is a partner of Pyth network and Mantle Network.
Tokenmoics
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Exchanges
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Project Information Channel
- Website: https://fusionx.finance/
- Twitter: https://twitter.com/fusionx_finance
- Discord: https://discord.gg/fusionxfinance
- Telegram:
Summary
Currently when I write this article, the transaction volume and transaction fees of the project are still relatively small, not commensurate with the potential of the Mantle ecosystem. Hopefully in the near future the project will have many attractive incentive programs to attract more users.
