What Sets Firefly Apart?
Firefly empowers the investors on Manta Pacific L2 with crucial features for making the most out of a modern DEX.
Last updated
Firefly empowers the investors on Manta Pacific L2 with crucial features for making the most out of a modern DEX.
Last updated
Firefly brings a host of dex features for traders and liquidity providers. Limit orders to buy when Token X drops to $0.50? Take-Profit orders to sell a token at a certain price? Firefly has you covered.
Added to that: firefly has a laser focus on the customer.
That orange icon means assistance is a click away. firefly is one of the few de-fi projects that has 24-7, round-the-clock user support.
Whether on your laptop or mobile, you'll see this icon on the swap page. Just click it and live chat with a real person whether you're having issues with your trade or adding liquidity.
Limit Orders (buy once the token reaches a desirable price)
Order Book type orders (ie: Take Profit order- sell once asset appreciates to a certain price)
Limit orders are a part of many trader's arsenal to accumulate crypto tokens at ideal entry points. Ordinary AMM Dex's can't do this. Firefly lets traders set & forget limit orders, with our backend doing the work of filling the order. When it's completed, you simply retrieve the tokens. Click here for to set a limit order.
And we pride ourselves on keep order fees low.
Concentrated Liquidity (define the sell price range of assets that you LP)
Single sided liquidity (ie: in a BTC-USDC pair, you can provide just BTC or just USDC)
Flexible liquidity (you do not need to provide 50:50 tokens in an LP, you can provide 90-10, 25-75, etc.)
One of the blockers for liquidity provision is having exactly 50% of each token in the pair. Maybe you've dealt with that challenge before.
For example, if you have $5,000 of ETH, you also need $5,000 of USDC lying around to LP for a USDC-ETH pair. Not everyone has that. So people are unable to LP because they don't have enough of both tokens.
With Firefly, you can contribute to pair liquidity unevenly. If you only want to contribute only $5K of ETH to the pool, you can do that. Or you can contribute your $5k of ETH and just $750 of USDC in uneven liquidity provision. This means you can start earning from LP'ing these pools even if you don't have the perfect ratio of tokens.
Our goal is to empower you to earn on Firefly -- Single-Sided and Flexible liquidity provision is just one way we'll do that.
Project Token Rewards: Pools on the dex may be enhanced with Firefly's project token $FLY so APRs are boosted. This is one reason APRs on Firefly will remain high relative to the competition.
3rd Party Token Rewards: What's cool about Firefly is not only can the project incentivize pools with $FLY, any project can incentivize their pools with their own tokens, and those will flow to the LPs as additional rewards on top of the pool APR. It's a great way for Manta Pacific projects to encourage liquidity on their token pairs. And for LPs, it means even higher returns!
Because the Manta Pacific blockchain stores its transaction data off-chain through Celestia, it is considered a Modular chain- faster & less expensive L2 than rollup chains. As a Manta-native dex built for the chain, Firefly inherits the benefits of the Manta Pacific's Modular design.
Since Manta Pacific uses Celestia for data availability, the transactions are particularly fast. This means trade transactions on Firefly will be faster than most Dex's on other chains.
Lowest cost trading as Manta's Modular L2 reduces transaction cost by storing transaction data off-chain. Firefly will be less expensive than dex's on most L1's and L2's. Firefly transactions cost on average just half a cent in gas fees. This is 2x-10x less expensive than swap gas fees on many other L2s.
As ETH gas costs rise, Firefly DEX costs will not rise linear with those increases. This is because Manta stores its transaction data off-chain through Celestia.
