Firefly — a new generation exchange

Firefly is a platform that will be able to combine all the main advantages of CeFi and DeFi. The Firefly team is already fully working on the product and has enlisted the support of such eminent investors as, for example, Three Arrows Capital and Polychain Capital, etc.

What are the advantages that will allow you to attract an audience from the old familiar services and exchanges?

1. Cheap transactions.

The transaction cost is less than $0.1. Compare this with the data of your current exchange, and you will be pleasantly surprised at the cheapness of Firefly.

2. High speed&perfomance

The time from order creation to chain calculation on Firefly in ideal conditions takes 400–800 ms. You won’t even have time to notice it.
In addition, thanks to the savings, the exchange is able to perform an order of magnitude more transactions per second than the base level. Firefly scales its capacity with the growth of the user base and will always strive to surprise its customers with the speed of work of tools.

3. Focus on product safety.

The team invests a lot of money and effort in the continuous improvement of the code and its verification. The non-custodial smart contracts underpinning Firefly will be made open-source to allow anyone to audit the code. Firefly stands for openness and security. The Firefly platform’s security will benefit from the shared security of the Polkadot Relay Chain and the AnyTrust guarante. This means that as long as even one validator is honest, the liveness of the rollup layer is preserved.

4. Non-custodial

I remind you that this is a non-custodial DEX. This certainly gives a lot of freedom and confidence to Firefly users. Your funds are at your fingertips and this gives an additional level of comfort.

5. Equity Share

Firefly is an exchange that shares its revenue with its users. The more active you are on the stock exchange– the more income you will receive. The FFLY rewards are calculated according to a weighted arithmetic average of fees paid, average open, and maker volume. This increases the loyalty of users to the platform and is an excellent motivation to attract users of classic exchanges to Firefly.

6. Liquidity

Huge liquidity support from leading Market-Makers. One has only to pay attention to the backers of the project and it will become clear that there will be no issues with liquidity. Several of the leading market-makers in the industry will quote markets on Firefly with tight bid-ask spreads to allow for opening and exiting positions with minimal slippage. Firefly aims to provide supreme liquidity for all assets voted-in by the governing stakeholders.

7. Close-knit community

Firefly builds a strong community based on the principles of Positive Energy, Diligence, Continuous Learning and Contribution. Not every project pays so much attention to its community. This is a sign of a decisive comprehensive undertaking.

The article is written by tatiana#3266.

@fireflyprotocol #FireflyAmbassador #FireflyAmbassadorProgram