Phoenix Finance is a decentralized buying and selling platform challenge that was first constructed on the muse of Terra 2.0.
The challenge’s growth workforce are Terra’s engineering engineers, all with intensive expertise in DeFi. Phoenix Finance is attempting to leverage previous data and relationships to facilitate ecosystem rebuilding.
Phoenix’s growth workforce of skilled engineers from main know-how corporations akin to Google, Fb, TikTok, and full-stack growth, UI/UX design groups have additionally labored in lots of different main know-how corporations.
Phoenix DEX would be the flagship AMM on Terra 2.0, aiming to attain
- Permissionless pool creation
- Fixed product & Stableswap invariant
- Concentrated liquidity
- Set-and-forget (& leveraged) delta-neutral and impermanent loss free yield methods
A DEX owned by the group
The worth of Phoenix DEX will rely completely on the assist of the group.
Phoenix DEX Tokens shall be distributed upfront to early group contributors, together with Liquidity Suppliers, Merchants, and Phoenix Possession-Liquidity Protocol Holding Initiatives.
When tokens shall be launched
Phoenix DEX shall be launched firstly of Terra 2.0. Tokens shall be retroactively attributed to customers — at a later date.
What Buying and selling Pairs Will Be Launched in Genesis
- LUNA
- Stablecoins (e.g., USDC, USDT)
- Terra 2.0 challenge tokens
- Bridged belongings (e.g., BTC, ETH)
- Curiosity bearing tokens (e.g., LunaX)
- and so on.
Group First, At all times
Communities have all the time performed an essential function within the success of the Terra ecosystem. So the event workforce will serve the group by creating the very best DeFi expertise on Terra 2.0.
DISCLAIMER: The Info on this web site is offered as common market commentary and doesn’t represent funding recommendation. We encourage you to do your individual analysis earlier than investing.
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