Today, we launch firefly — the People’s DEX - on Manta Pacific ! We know we’ll look back on today as a historic day for the Modular DEX space.
firefly has some of the prominent names in crypto saying its DEX will be a game-changer in the industry (see below “Testimonials”).
Why?
To begin, let’s take note that Modular Blockchains may be the biggest trend in crypto this year.
Glance at crypto Twitter:…..
- Top 2024 Blockchain trends: Modularity …..
- “The modular ecosystem is fast growing and set to push the frontier of blockchain scaling this year.”
- “I’d trade my grandmother for a stake in a major modular blockchain project!”
Ok the last one never happened, but you get the point 😀
a16z puts Modularity in its top trends to watch crypto’s evolution in 2024.
The cryptoverse recognizes that Modularity that will unlock the true potential of blockchain, ushering it forward to new heights of speed and scaleability by methods such as storing transaction data off-chain and only keeping proofs on-chain.
While many talk of Modularity, teams are acting — quietly building out modular ecosystems — future blue-chip de-fi core projects that will be tomorrow’s AAVE and Uniswap — as modular chains gain steam.
What if you were to combine the technical power of Modularity with an equally technical DEX like firefly which boasts CEX-like features on a DEX (ie: buy limit orders, take-profit sell orders) AND the community-first principles that made Solana’s Jupiter such a massive success?
With a team holding a proven track-record at high-tech’s industry leaders like Amazon and Twitter to make it happen?
Out into the Blue — Manta Pacific
Why did firefly choose to launch on Manta Pacific? For starters, we believe in the Modular future and Manta is the largest and most significant modular chain in the world (Manta boasts $1 billion+ TVL at the time of writing).
With Manta, we inherit ultra-fast transactions and transaction costs that avoid rising in proportion when Ethereum gas costs go up (which is often!) due to Manta’s modular use of off-chain transaction data storage.
Manta is a modular L2 chain- it stores transaction data off-chain through Celestia and is more scalable than rollup L2s.
And we are not chain-hopping — our sole focus is to deliver value to the Manta investor.
Community First
Firefly parts ways with other DEX’s with a singular focus on you- the customer. Our mission is to “Empower the Investor” (read our inaugural Medium post on this subject).
Jupiter (JUP) showed the power of community-first on Solana. Solana was a chain ruled by VCs who squeezed profit out of each project at the average trader’s expense. Out of nowhere, JUP changed the game with a user-first proposition: a massive 40% airdrop to ordinary users and leading with the community-oriented JUP Spirit.
Firefly will bring to Manta what JUP brought to Solana — a community-first DEX truly governed by its users in terms of decision-making and ownership rewards. We commit to the following:
❇️ 24/7 support
❇️ 30% of FLY goes to community
❇️ Users (not VCs) are our focus
❇️ Manta-Native, Manta Solely
24/7 customer support is almost unheard of in decentralized projects. A chat widget on firefly allows dex users to live chat with a user support rep any time of the day — whether it’s 3 AM on a Sunday in Paris or 11 PM on a Friday in Los Angeles.
Our experience at Amazon is that treating the customer well is the best marketing an organization can “buy”.
With at least 30% ownership, the Manta community has a huge voice in how firefly develops⚡️and together we’ll build the DEX we always wanted to use.
Our focus on “users not VCs” and being fair launched, gives firefly a unique ethos and a completely different mode of operation in terms of products, services, and values.
$FLY won’t be a means for a VC to 10x on unfair terms but instead be a ticket to the Modular future for the average user and a governance tool for everyday Manta users to shape firefly.
We are solely focused on Manta Pacific. A little more about that in the next section.
Manta-Native, Manta Only
The simplest way to have the team focus and community cohesion that serves the customer is to be dedicated to a single chain.
We are not dividing our attention across 8 other blockchains. Key to our mission of customer success is we are exclusively focused on Manta.
That means when our team is out recruiting liquidity, we are speaking exclusively with Manta projects for you to trade. When we’re finding new launches to make available for you to buy in an IDO, we’re out talking strictly to Manta gems.
When in our investment hub portion of our Discord, we are only announcing news and alpha about Manta investments.
If you’re an investor on Manta chain, your focus and interests are aligned with our team. And it will be the best place to find trading opportunities.
On the community side of things, members can freely discuss trade strategies knowing the others are trading the same assets on Manta, without the fragmention of conversations and erosion of cohesiveness on multi-chain DEX communities.
For this reason, the firefly community will be Manta Investment central and the place to be to discover trading alpha on the chain, seed/private rounds, and new launches. You’ll find everything you need to know whether you’re a degen trader or a conservative stablecoin farmer on Manta looking for the best APRs.
CEX ON A DEX
Limit orders to buy when Token X drops to $0.50? Order-book type orders to sell at a certain price to take 25% of profits? firefly has you covered.
Firefly strives to meet the needs of traders by offering CEX-like features on a DEX such as buy/sell limit orders.
You can target entries into a token at various prices to accumulate or sell a token over a price range to take profit at various exits to balance your risk. All this with lightning fast trade execution and minimal costs due to Manta Pacific’s modular technology.
For farmers, we make things simpler with single-sided liqudity and flexible liquidity.
With single-sided liquidity, you can provide either side of a trading pair. So with USDT/BTC, only a single currency (USDT or BTC) is needed for liquidity.
With flexible liquidity, you can go 90:10 into a pair or 40:60.
The key point is that you don’t have to have exactly 50:50 of a token pair to farm, which is a frustrating requirement for many farmers who don’t have equal amounts of both tokens.
And firefly features Concentrated Liquidity so you control what price you sell your assets.
Testimonials
What’s Ahead
Look for firefly’s DOC (Decentralizing Ownership Ceremony) where we are awarding 30% of Firefly’s total token supply to users of the DEX. You can read more about it here.
You’re early! Join firefly’s Discord community 🗣️ to be part of the action !
Read our docs 📜 at https://firefly-2.gitbook.io/firefly-docs
Start trading 📈 at https://fireflydex.io/ .
Firefly is the ticket to a modular future. We welcome all Flyers to our firely community who want to soar higher!
