EIFI Finance launched on Tezos as community driven AMM DEX for EIFI and Tezos Assets.
EIFI Finance, launched its first community driven AMM based decentralised exchange (DEX) for XTZ assets, on Tezos blockchain.
EIFI Finance uses the same automated market-making (AMM) model as Uniswap but is built on Tezos to drastically improve the user experience by reducing fees and finalising trades instantly.
EIFI Finance is a community-driven project supported by Tezos Labs. It is underpinned by Tezos, making it fully compatible with XTZ assets and tooling, but with faster finality, higher throughput, and significantly low fees.
In addition to performance upgrades, EIFI Finance features a liquidity mining program that enables liquidity providers to yield the native governance token, called EIFI. All EIFI tokens will be distributed to the community, with no premine or early access tokens for creators, to follow a fair launch model. Trading fees (0.30 per cent) for swapping are given to liquidity providers.
XTZ assets are transferable to Tezos via the Cross-chain Bridge, an implementation of Chain Bridge technology developed by EIFI finance team, with Proto fire, Hashquark, POS Network, Tezos, and EIFI Finance will securing the bridge in near future.
This bridge enables DeFi users to pursue yield opportunities with assets like WBTC, EIFI, XTZ and more across two blockchains for the first time.
Not only does this enable a wider set of assets and applications, but it also empowers capital efficiencies more closely mirroring institutional finance than what traders have come to expect in cryptocurrencies and digital assets.
EIFI Finance Social Media Details-
Telegram Group: https://t.me/Etheryieldfarming
Telegram Channel: https://t.me/etheryieldfarmingofficial