Fly.trade Is Launching $FLY on Sonic
The post Fly.trade Is Launching $FLY on Sonic appeared on BitcoinEthereumNews.com. On the 6th of June at 1pm UTC, the Fly.trade ($FLY) token generation event (TGE) officially launches on Sonic, with Binance Alpha and Kraken. At the center of fly.trade( prev. Magpie Protocol) is the native token, $FLY, a next generation token model that aligns and incentivizes traders, stakers, and protocols alike. From volume based rewards, to emissions, bribes, reduced slippage, revenue share, and more, $FLY unlocks opportunities to earn like never before. $FLY Tokenomics: ve(3,3) inspired Model fly.trade’s tokenomics employ a ve(3,3)-inspired model tailored for an aggregator-first protocol with xFLY turning every trade into an opportunity to earn. Trader Incentives: Direct subsidies reduce fees and slippage on high-demand trading pairs. xFLY: For active users who want to vote, earn bribes, and maximise rewards through staking and trading $FLY in FLY pools. FLY33: mint your xFLY for set-and-forget participation with auto-compounding rewards and no lock-ups. Flywheel Effect: By staking and voting, traders earn more; the increased volume and fees then raise incentives, creating a self-reinforcing cycle. ve33 Governance: Lock $FLY to receive xFLY, granting governance power over protocol fees, emissions, and partnerships. Revenue Sharing: Protocol fees are distributed to stakers, creating a flywheel for long-term holders. About fly.trade Fly.trade (previously Magpie Protocol) is the leading liquidity aggregation and trade execution protocol within the Sonic ecosystem. Designed to simplify cross-chain DeFi, Fly.trade delivers seamless swaps, optimised routing and one-click staking across 19+ chains. Fly.trade is positioning itself as the go-to execution layer for traders, protocols, and liquidity providers. Provably Better Pricing: Fly.trade’s aggregation algorithm consistently delivers better swap rates majority of the times than all major aggregators in the market, minimising slippage and transaction costs across thousands of quotes. Industry Leading Partnerships: Integrated in Rabby Wallet, TraderJoe( now LFJ), Shadow Exchange, Particle Network, Socket, Relay, Euler, HeyAnon, Symbiosis, Router and many more…
The post Fly.trade Is Launching $FLY on Sonic appeared on BitcoinEthereumNews.com.
On the 6th of June at 1pm UTC, the Fly.trade ($FLY) token generation event (TGE) officially launches on Sonic, with Binance Alpha and Kraken. At the center of fly.trade( prev. Magpie Protocol) is the native token, $FLY, a next generation token model that aligns and incentivizes traders, stakers, and protocols alike. From volume based rewards, to emissions, bribes, reduced slippage, revenue share, and more, $FLY unlocks opportunities to earn like never before. $FLY Tokenomics: ve(3,3) inspired Model fly.trade’s tokenomics employ a ve(3,3)-inspired model tailored for an aggregator-first protocol with xFLY turning every trade into an opportunity to earn. Trader Incentives: Direct subsidies reduce fees and slippage on high-demand trading pairs. xFLY: For active users who want to vote, earn bribes, and maximise rewards through staking and trading $FLY in FLY pools. FLY33: mint your xFLY for set-and-forget participation with auto-compounding rewards and no lock-ups. Flywheel Effect: By staking and voting, traders earn more; the increased volume and fees then raise incentives, creating a self-reinforcing cycle. ve33 Governance: Lock $FLY to receive xFLY, granting governance power over protocol fees, emissions, and partnerships. Revenue Sharing: Protocol fees are distributed to stakers, creating a flywheel for long-term holders. About fly.trade Fly.trade (previously Magpie Protocol) is the leading liquidity aggregation and trade execution protocol within the Sonic ecosystem. Designed to simplify cross-chain DeFi, Fly.trade delivers seamless swaps, optimised routing and one-click staking across 19+ chains. Fly.trade is positioning itself as the go-to execution layer for traders, protocols, and liquidity providers. Provably Better Pricing: Fly.trade’s aggregation algorithm consistently delivers better swap rates majority of the times than all major aggregators in the market, minimising slippage and transaction costs across thousands of quotes. Industry Leading Partnerships: Integrated in Rabby Wallet, TraderJoe( now LFJ), Shadow Exchange, Particle Network, Socket, Relay, Euler, HeyAnon, Symbiosis, Router and many more…
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