What is OpenFi? OpenFi is a decentralized Perpetual platform governed 100% by DAO built and developed on the Arbitrum ecosystem. So what’s special about OpenFi? Let’s find out together in this article.
Before reading the article about OpenFi, people can read through some projects with similar operating models to OpenFi to get more objective perspectives.
What is OpenFi?
Overview of OpenFi
OpenFi is a next Perpetual platform built on the Arbitrum ecosystem. OpenFi is committed to providing a market with low transaction fees, low slippage and fast speeds, and OpenFi is committed to providing traders with a variety of different asset types and liquidity providers on the platform. You will also receive many different types of fees.
Some of OpenFi’s outstanding features include:
- OpenFi will bring a completely new DEX solution.
- Supports spot and leverage trading.
- The project’s native token OPEN plays an important role in the product.
- Introducing a new way of protocol management.
OpenFi’s operating mechanism
Regarding the operating mechanism, OpenFi includes 2 main activities: Spot Trading & Leverage Trading with prices of asset types provided by Chainlink Oracles. The transaction fee for coins/tokens is 0.4%, while stable assets have a fee of 0.01%.
Development Roadmap
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Core Team
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Investor
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Tokenomics
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OpenFi Information Channel
- Website: https://app.openfi.pro/
- Twitter: https://twitter.com/Openfi_Dao
- Discord: https://discord.com/invite/AMaZddFKas
- Documents:
Summary
Currently, OpenFi is still in the R&D process. We cannot confirm whether the OpenFi project is a good or bad project when the core products still do not have too much information.