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@FeeFreeFi

FeeFree

To build a RobinHood-Style DEX

Background

In the Ethereum ecosystem, Uniswap is the leading DEX, but it charges fees ranging from 0.01% to 1% on LPs, which has increased transaction costs and hindered the rapid development of the ecosystem. This has also limited the accessibility of blockchain technology to a wider audience.

Robinhood has achieved tremendous success in the United States, with over 30 million active users. Their core strategy of offering commission-free trading has been a major factor contributing to their success. The appeal of free services is undeniable, and this serves as an example for the success of FeeFree.

What is FeeFree?

FeeFree is a decentralized exchange (DEX) that provides a fee-free DeFi experience with zero LP fees. FeeFree aims to minimize gas costs, with each transaction incurring only a nominal flat gas fee per transaction (less than $0.1 per transaction).

Goal

To reach 10,000 active users.

How will we achieve this?

  1. Set a zero fee rate for the liquidity pool.
  2. Provide initial liquidity through our own funds, seed rounds, and grants.
  3. Set a specific lock-up period.
  4. Use a portion of the gas fees to reward the initial liquidity providers.
  5. Continuously reward liquidity providers with a share of the transaction gas fees received.

Roadmap

The core functions have already been implemented. The following steps will refine the product, enhance the user experience, support more networks, and focus on marketing efforts.

  1. April 2024: Launch on the Zora network.
  2. May to July 2024: Launch on additional networks and support for more trading pairs.
  3. August to December 2024: Integration with other aggregated DEXs.
  4. 2025: Launch order book-based DEX and derivatives exchanges, providing a trading experience similar to CEX.

Vision

To build a Robinhood-style DEX in the blockchain industry, enabling participation in DeFi for everyone worldwide!

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