deFIRE - Hub for Optimal Execution 💥

in #defi3 years ago

The ultimate goal of deFIRE is to build an entirely decentralized order execution engine while retaining the cross-chain nature of order settlement and to do so in a cost-efficient manner. We have chosen to build a decentralized order router and a DEX also delivering intricate tokenomics design on top. Probably one of our most unique features is the tokenomics of deFIRE’s token, cWAP, which provides the perfect economic incentives for our users. Plus, at its core, deFIRE provides its battle-tested know-how of low latency order routing. The robust internal matching engine system provides unmatched execution speed and quality, while the routing engine enables access to deep cross-venue liquidity for the actors seeking execution (i.e., traders, casual and institutional alike) involved in our ecosystem!

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For a more comprehensive view of what we are building, check out our whitepaper here:

https://defire.fi/static/media/whitepaper-v1.981796a3.pdf

Any DeFi project today is an ecosystem of users that interact in tact with the economic incentives set in by the project owners in the tokenomics. We have quite an interesting token in the heart of defire. It facilitates the optimal value migration along the order execution value chain giving incentives for people to trade (originate order flow) and for venues to perfect their execution quality (optimiality of smart contracts, smoothness of bonding curves) to attract this order flow. The intermediation is done via the CWAP token and it is set to give it massive velocity and staking incentives.

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