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OpenFi (NEC)

OpenFi is a decentralized spot and perpetual exchange owned by DAOs.

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Overview

Project industryExchanges & Wallets
Product typePlatform
WhitepaperOpenFi White Paper Open
OnepagerOpenFi Onepager Open

What is OpenFi

OpenFi is a decentralized spot and perpetual exchange that operates on a vast scale, providing traders with low swap fees and zero-price impact trades. The platform's trading capabilities are bolstered by a diverse multi-asset pool, which earns liquidity providers fees through market making, swap fees, and leveraged trading.

  • The Protocol owns the liquidity of the new generation DEX
  • Supports swaps and leveraged trading
  • $OPEN: endorses assets and holds a warrant as a Treasury asset
  • $NEC(NECTAR): acts as the protocol contribution token and it is used to administer the contract

The protocols of OPENFI offers two tokens, $OPEN and NECTAR($NEC), both of which are ERC20 tokens based on the zkSync Era chain. The $OPENtoken functions as an asset endorsement token as well as a certificateof ownership for treasury assets. On the other hand, $NEC tokens are usedtomanage contracts and represent a value contribution to the protocol.

Legal

Blockchain Platform: zkSync

Token info

Ticker: NEC
Type: Utility-token
Token standard: ERC-20
Token distribution:
Liquidity pool - 0.5%
Referral Contribution Mint - 79.5%
Airdrop - 10%
Foundation - 6%
Strategic Partners and Investors - 4%

OpenFi Roadmap

1
2022.10

Treasury and stake
Protocols development

2
2023.5

veNECTAR voting rewards and other developments

3
2022.8

Swap LP bond market launch

4
2022.10

Protocol testing

5
2023.3

DAO is established and IDO is started

6
2023.4

Swap online OPEN and NECTAR token offerings

Social media

OpenFi web-siteOpenFi MediumOpenFi TwitterOpenFi Discord

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