FlowX Finance Monthly Update

We’re thrilled to bring you the latest updates and enhancements to FlowX Finance that we hope will make your trading experience even more enjoyable! Our dedicated team has been working tirelessly to introduce new features and improvements, all designed to make FlowX your go-to choice for all things decentralized.

In this blog post, we will dive into the details of our latest updates on April and thing will come in May.

Sponsorship for Sui Basecamp Paris 24

We are honored to become bronze sponsor for Sui Basecamp, the FlowX team, despite not being physically present in Paris, remains actively engaged with the 2024 events spearheaded by the Sui Foundation. This is one of the notable highlights of the year, and our team continues to keep abreast of all ecosystem developments.

New Strategic Partnership

lowX Finance is excited to announce strategic collaborations with two notable web3 team, BirdEye and Nimbus.

BirdEye leads the field as a platform that delivers data and on-chain insights on blockchains for traders.

Nimbus excels as a multi-chain portfolio tracking platform, aiding users in effectively monitoring their investment portfolios and liquidity positions.

Both of these platforms align with FlowX Finance’s user-focused approach to product development, creating synergies and mutual support within the Sui ecosystem.

Beyond providing on-chain transaction data for BirdEye, FlowX will also introduce the upcoming Aggregator version in May. This will enable users to directly swap any token on Sui using BirdEye’s interface.

Nimbus, meanwhile, enhances FlowX user experience by providing access to transaction histories and improving asset management, not just on FlowX, but across any DEX or Lending Protocol on Sui.

Earning with FlowX Finance

In April, FlowX Finance has accumulated more than $35 million in trading volume and allocated nearly 6,000 SUI to xFLX staker, equivalent to an APR of approximately 40%. Notably, these rewards are not due to token inflation but are paid from a portion of the user’s transaction fees.

In addition, FlowX Finance is also allocating a sponsored reward of 631K SUI to liquidity providers for the SUI/USDC, USDC/USDT, WETH/USDC, and FLX/SUI pairs.

FlowX Finance is now available on OKX Wallet and Safepal

Users can find FlowX Finance in the DEX category on the current mobile wallets OKX Wallet and Safepal. However, users can still interact with FlowX Finance using any Mobile Wallet that supports Sui blockchain like Coin98 or Nightty Wallet.

What will come in May?

FlowX Concentrated Liquidity

Our Concentrated Liquidity Market Maker is finished and currently under review by our audit partner, Movebit. We anticipate launching the FlowX AMM V3 version, akin to Uniswap V3, in Mid-May.

We’ll continue to support and run the current FlowX V2 version alongside the incoming FlowX V3 version. However, we do anticipate a liquidity transition from FlowX V2 to V3. This shift is expected to bolster the liquidity of popular assets on Sui, including SUI, LSTs such as haSUI, vSUI, and stablecoins like USDC, USDT.

Plus, we’re planning a special event for our early users. Can’t wait to see you there!

FlowX Aggregator

The FlowX team will also deploy a completely new version of the Aggregator with the FlowX brand. During testing, the FlowX Aggregator demonstrated significantly better performance than the current Aggregators on Sui. Therefore, we are very eager to introduce this completely new version to users.

FlowX Aggregator allows traders to exchange at the best price by aggregating liquidity that is fragmented across many DEXs of the Sui Ecosystem. By dividing and optimizing trading routes through both AMM and CLOB (DeepBook), FlowX Aggregator provides the best profit for users when making transactions, while still ensuring quick access time.

By developing FlowX Finance’s own Aggregator, we will continue to work with platform partners and wallets to integrate FlowX Aggregator, creating a trading stop for users when they approach the Sui ecosystem.

Conclusion

With the unwavering support of our community, FlowX Finance keeps growing. We’re excited to roll out our enhanced features, and confident that they’ll add even more value for our users navigating the intricate DeFi landscape on Sui.

FlowX Finance — One Stop Service for DeFi on Sui Network
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