Governance token of the DefiPlaza exchange.
DefiPlaza is a decentralized exchange on Ethereum.
Like other exchanges, it offers trades between tokens by functioning as an Automated Market Maker (AMM). What makes DefiPlaza special is a single-contract, highly optimized DEX, designed to offer the lowest possible trade cost to the end user. Gas costs per trade are the lowest in the industry, and the transaction fees are very competitive at 0.1% of value traded.
The main DefiPlaza USPs are: - Swap 65% cheaper than any other DEX. - Invest in a basket of 16 tokens like an ETF fund. - Stake your tokens and receive a 54% APR.
DFP2 is the governance token that is used for: - Deciding on the level of trading fees on the exchange. - Deciding which tokens should be (de)listed on the exchange. - Deciding how and where to expand the ecosystem.
The DefiPlaza website is a user friendly interface to: - Swap tokens with low transaction fees and gas costs. - Add / remove liquidity at low gas costs. - Stake liquidity tokens for DFP2 rewards at low gas costs. - View statistics about the DefiPlaza platform. - Learn about the features of DefiPlaza.
- Fully diluted total supply: 67.9M DFP2
- 50M staking rewards
- 5M team incentives
- 2.5M community fund
- 2.5M locked team incentives (until Oct 6th 2022)
- 7.9M hard fork from v1
The bulk of the tokens will be released on a quadratic curve starting at the 6th of October 2021, running for one year. The release rate starts out high and slowly reduces to zero.
# What is the roadmap for DefiPlaza?
DefiPlaza is easily the cheapest DEX to swap tokens on Ethereum. The low gas costs and fees can be leveraged by aggregators to offer their users a better trading experience. Thus, DefiPlaza is currently focusing on building collaborations with aggregators to increase trading volume.
Longer term DefiPlaza aims to expand on Ethereum, as well as other EVM and non-EVM supporting chains. The favorable economic properties of multi-token AMM when compared with pair baised AMM apply to any environment, and the DefiPlaza team aims to deploy this concept much more widely than it has been today. Expansions onto Polygon and Radix are the main priority.
The DefiPlaza governance token will be used to make community decisions on fees and token (de)listings as well as larger decisions such as where to deploy the next exchange. All deployed exchanges are planned to list DFP2 or a bridged/wrapped version of to bring further utility to the ecosystem.
October 2021: DefiPlaza launched Going back to the fundamentals of swapping tokens, DefiPlaza was deployed as the most cost-effective DEX on Ethereum. With 120 trading pairs, the lowest gas costs and very low fees it has since brought the best deal in DeFi to our users.
November 2021: 1inch integrated with DefiPlaza Users of the 1inch aggregator can now use DefiPlaza to swap with even lower fees. The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.
February 2022: Website redesign Based on requests from the community and with the help of a professional designer, the website and trading app are redesigned to the highest standard. A clean mix of modern DeFi design with ancient Greek elements will give the project a recognisable visual brand.
April 2022: Implemented WalletConnect Next to supporting MetaMask, we will launch our implementation of the popular WalletConnect standard. Enabling more wallets for our users both on desktop and mobile.
Q2 2022: StablePlaza launch Taking the same gas saving engineering approach as DefiPlaza, we will deploy a multi-token exchange based around swapping stable tokens. This will take the record-low costs of DefiPlaza and combine them with dedicated stable coin bonding curves.
Q3 2022: MoonPlaza launch The MoonPlaza will be a place where new projects can get their tokens listed, giving young projects a cost effective way of gaining liquidity against several mainstream tokens like ETH and USDC/USDT in one go. Naturally, the DefiPlaza low-cost philosophy will also extend to MoonPlaza.
Q1 2023: DefiPlaza Radix launch When the Radix Babylon network becomes available, DefiPlaza will be among the first functional DEXes. Here we will aim to have the most capital efficient multi-token AMM that we can build, adding more features since gas costs are no longer a concern.
# Where Can I Buy DFP2?
DefiPlaza token is available at UniSwap and of course on DefiPlaza itself.