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AMM

Overview

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Last updated 3 months ago

The Decentralized Exchange (DEX) is at the core of DeFive’s ecosystem, enabling users to trade digital assets effortlessly on the Sonic blockchain. As an evolution of WigoSwap on Fantom, DeFive’s DEX incorporates advanced features, a revamped fee structure, and cutting-edge technology to provide users with a fast, secure, and cost-effective trading experience.

With a focus on fairness, efficiency, and sustainability, the DeFive DEX is designed to cater to both seasoned DeFi users and newcomers alike.

Key Features of DeFive’s DEX

1. Upgraded Code Architecture

DeFive’s DeFi core is built on the latest versions of Solidity, ensuring enhanced security, scalability, and compatibility with modern blockchain standards. Sonic’s infrastructure powers these improvements, delivering unparalleled performance and reliability.

2. Low Swap Fees

DeFive introduces a highly competitive fee structure:

  • 0.18% swap fee per transaction, one of the lowest in the industry.

  • This ensures that users enjoy cost-efficient trading while benefiting from Sonic’s high-speed transactions.

3. Efficient Fee Distribution

DeFive’s fee distribution model is designed to align incentives and support the ecosystem:

  • 75% of swap fees are distributed to liquidity providers in the respective pools, rewarding them for maintaining liquidity.

  • 12.5% of fees are allocated to the Gamified Burn Mechanism (GBM), doubling the burning allocation compared to WigoSwap on Fantom. This reduces circulating supply and enhances token scarcity.

  • 12.5% of fees are directed toward platform revenue to fund ongoing development and operational costs.

4. Seamless Trading Experience

Powered by Sonic’s advanced blockchain capabilities, DeFive’s DEX offers:

  • 10,000 transactions per second (TPS).

  • Sub-second transaction finality, eliminating delays and ensuring instant trades.

5. Multi-Asset Support

DeFive’s DEX supports a wide variety of assets, from native ecosystem tokens like FIVE, S, LUMOS, and SNS to other tokens launched on Sonic. This diversity ensures that users have access to a broad range of trading opportunities.

6. Enhanced User Interface

The DeFive DEX features an intuitive and user-friendly interface, making it easy for anyone to execute trades, manage liquidity, and explore DeFive’s ecosystem.

How to Use DeFive’s DEX

Trading Tokens

  1. Connect your wallet (compatible with popular wallets like MetaMask).

  2. Select the token pair you wish to trade (e.g., FIVE/S).

  3. Enter the amount to swap and confirm the transaction.

  4. Your trade is processed instantly with sub-second finality.

Providing Liquidity

  1. Navigate to the “Add Liquidity” section.

  2. Choose the token pair (e.g., FIVE/S) and specify the amount for each token.

  3. Approve the transaction and deposit the tokens into the liquidity pool.

  4. Earn rewards from swap fees proportional to your share of the pool.