What is OpenFi? OpenFi is a decentralized Perpetual platform 100% managed by DAO built and developed on top of the Arbitrum ecosystem. So what's so special about OpenFi, let's find out together in this article.
Before reading the article about OpenFi, people can read through a number of projects with similar operating models with OpenFi to get more objective views.
What is OpenFi?
Overview of OpenFi
OpenFi is a next Perpetual platform built on the Arbitrum ecosystem. OpenFi is committed to providing a marketplace with low transaction fees, low slippage and fast speeds in addition OpenFi is committed to providing traders with a wide variety of assets and Liquidity Provider on the platform. will also receive various fees.
Some of the outstanding features of OpenFi include:
- OpenFi will bring a whole new DEX solution.
- Support spot and leverage trading.
- The project's native token is OPEN which plays an important role in the product.
- Introducing a new way of managing protocols.
How OpenFi works
In terms of operating mechanism, OpenFi includes 2 main activities: Spot Trading & Leverage Trading with prices of assets provided by Chainlink Oracles. Coin/token trading fees are 0.4% while stable assets have 0.01% fee.
Development Roadmap
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Core Team
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Investor
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Tokenomics
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OpenFi's Information Channel
- Website: https://app.openfi.pro/
- Twitter: https://twitter.com/Openfi_Dao
- Discord: https://discord.com/invite/AMaZddFKas
- Document: https://openfi.gitbook.io/openfi/
Summary
Currently, OpenFi is still in the R&D process. We cannot confirm whether the OpenFi project is a good project or not when the core products are still not too much information.
The post What is OpenFi (OPEN)? Cryptocurrency Overview OpenFi appeared first on HakResearch .
