What is DFP2?
DefiPlaza is a decentralized exchange on Ethereum. Like other exchanges, it offers trades between tokens by functioning as an Automated Market Making (AMM).
What makes DefiPlaza special is that it is highly optimised 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.
With the continued congestion on the network and the rising price of the native ETH token, saving on gas when doing any transaction on Ethereum is more important than ever before.
The way DefiPlaza makes such cheap trade possible is by building the entire exchange into a single smart contract, which can then be highly optimised for minimum gas consumption by hardcoding to 16 tokens. Any of these tokens can be traded against any other of these tokens, resulting in a total of 120 trading pairs.
With sufficient liquidity, DefiPlaza will be the cheapest option for the vast majority of all swaps in DeFi.
DFP2 is DefiPlaza’s governance token.
How to use / participate
The 16 most popular tokens on Ethereum can be swapped on DefiPlaza.
To participate and provide liquidity, you can add liquidity to DefiPlaza. In return, you receive the LP token XDP2. During the first year (Until October 22, 2022) you can stake your XDP2 to receive the DFP2 governance token. This reward system is created to counter the lower transaction fees received as LP during the first year.
Tokenomics
Total supply: 67.7M DFP2
Circulating supply: 16.6M DFP2