Fenix Finance
WEB3
Fenix is a next-generation decentralized exchange (DEX) on Blast. Aegas has implemented Fenix smart contract protocol, supported token launch on Blast and actively participates in DEX development and extension.
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The Challenge
Duration of work: 1 year
People on the project: 7
Fenix Protocol incorporates the most efficient approaches in DeFi trading. It follows ve(3,3) model – a tokenomics design that incentivizes both liquidity provision and fee generation and results in a beneficial system for all participants. Unlike other ve(3,3) systems and DEXes, Fenix introduces a lot of novel features for the users and has rather advanced smart contracts system.
Aegas team has collaborated with Fenix from MVP phase on smart contract, frontend and backend development. After successful launch, product constantly evolves and is extended by new mechanics which requires extensive support and scalability for thousands of active users.
Project
team
- Frontend Developer2
- Backend Developer1
- Smart Contract Developer1
- Product Manager1
- QA Engineer1
- DevOps1
Oleh
[Frontend Developer]
Andrii
[Frontend Developer]
Andrii
[Backend Developer]
Bohdan
[Smart Contract Developer]
Lidiia
[Product Manager]
Oleksandr
[QA Engineer]
Yurii
[DevOps]
What we use
Partnering with leading DeFi protocols, Aegas has delivered an efficient and flexible on-chain solution for Fenix ready to give Blast traders, liquidity providers and protocols access to a complete DeFi infrastructure stack all under one roof.
The Result
One of the top DEX on Blast
$222.9M Token Market Cap
Promoted and supported by Blast Network
Fenix is the complete AMM product that is at the forefront of liquidity technology and best-in-class user experience. DEX supports UNIV2-style, stable swap style and UNIV3 style pools with concentrated liquidity positions. It provides seamless user experience both for professional traders with Manual Liquidity Management and easy-to-use Automated Liqudity Management for V3 pools.
To make the ve(3,3) flywheel even easier for the protocol participants, Fenix offers managed voting through strategies, auto-compounding of emissions to the locks and a lot of other unique features. Besides emissions and incentives, Fenix protocol establishes additional reward programs for activity on the protocol, rewarding users with Blast Gold and Blast points.
Token and DEX are successfully launched on the Blast Mainnet and are generating revenue for Fenix protocol participants.
Aegas team is supporting Fenix protocol and continues collaboration on new protocol features for advanced trading and participants incentivisation.
