FDE SWAP/CROSSCHAIN

The interoperability of two relatively separate blockchains is known as a crosschain. In other words, because blockchains are created in a standardized manner, they can communicate with one another. Cross-chain swapping, also known as atomic swapping, is a smart contract technology that allows tokens to be swapped across two different blockchain ecosystems. It enables users to exchange tokens directly on another blockchain without the need for a middleman or a central authority. Exchange ERC-20 tokens for BSC tokens, for example. To allow cross-chain trading, the FlexDefi exchange will provide a decentralized cross-chain bridge between ERC20 tokens and other blockchain networks. Once we go live, any assets that support ERC20 can be added to FlexDefi.

FDE will hold, but is not limited to, the following utility:

  • Staking rewards per block

  • 0.01% fee on swaps

  • Governance voting power

  • A portion of FLEXDEFI Exchange trading fees

  • Reduced FLEXDEFI Exchange fees for trades using FDE

FDE staking rewards will be higher when FLEXDEFI Swap is initially released to incentivize adoption and will be lowered afterwards.

Distribution of the 0.2% FLEXDEFI Swap fee is the following:

  • 0.18% - Liquidity Providers

  • 0.01% - FDE Stakers

  • 0.01% - FLEXDEFI Fund

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