News

BlockfiSwap – Leading Decentralized Automated Exchange Platform

BlockFiSwap is a fully decentralized protocol for automated liquidity provision on Ethereum for pooling, swapping, and staking ERC20 tokens. Here, buyers and sellers are free to transact, both parties are not limited by having to meet in person, or simply asking the owner for that transaction. A simple, formalized equation that drives unstoppable liquidity for thousands of users and hundreds of applications has been created to serve users as quickly and accurately as possible. With Smart Contracts as a key factor, BlockFiSwap prides itself on having the full advantage of the DeFi platform in the elimination of centralized intermediaries, thus making transactions fast and efficient.

While other platforms are built with huge costs, BlockFiSwap is not. This platform is designed with a very low cost, completely different from existing platforms. With advantages of no company involved, no KYC, and there’s no person involved that’s mediating things. BlockFiSwap totally empowers developers, liquidity providers, and traders to participate in a financial marketplace that is open and accessible to all.

How do BlockFiSwap liquidity pools work?

Liquidity Pools are the most outstanding features. An automated smart contract helps you fill buy/sell orders instead of a matching engine.

Consequently, the pooling methods maintain constant liquidity while reducing unprecedented price swing. The advantages of our liquidity pools are:

Lower gas fees.
Enabling everyone to provide liquidity using the automated smart contract (Those contributors become liquidity providers).
Through the help of automated proving, liquidity providers can earn passive income (0.3% fee on all trades proportional to their share of the pool).

What is BlockFiSwap Staking?

Staking is another fundamental function of BlockFiSwap happening when users or investors consider the sustainability and benefit in long time period. This function works same as Saving account in a field of Banking but ensure maintaining the key points (transparency and no third party) of DeFi. The users and investors are about sending their tokens into BlockFi and getting back their attractive interest.

Staking stable coins & ERC-20 tokens: APY of more than 100%
Staking BFI tokens: APY of about 150%

BFI or BlockFi token is the native token of BlockFiSwap. BFI & other ERC-20 protocol tokens holders can also join Staking Program, because this program is launched for everyone, not for certain users. The users can absolutely stake those tokens to get APY of more than 100% and BFI tokens to get APY of about 150%. However, BFI token is still recommended because of two things: high & long term profit is very important, and its limited supply which is 2,100,000,000.

As soon as the user buys, they can stake immediately, and they will be able to withdraw interest almost immediately. If they want to withdraw the original part, they need to wait until the staking round ends (each round lasts 3 months).