Cofounder of W3F
A secure, performant platform inspired by the best of both CeFi & DeFi — low cost, low latency, deep liquidity, non-custodial, and value flow to traders.
Firefly achieves the fastest performance on Polkadot, measured by time-to-finality of 800 ms*
Batching of transactions allows transactions to cost less than $0.1 in network gas fees
Rollups with the AnyTrust guarantee; liveness is preserved as long as any one validator is honest
Traders on Firefly earn equity in the protocol based on the activity on the exchange. The FFLY rewards are calculated according to a weighted arithmetic average of fees paid, average open, and maker volume. Unlike centralized exchanges that capture the value generated by the traders, decentralized apps allow for value flow back to users of the protocol.View Important Disclosures
Financial services in the traditional world appear smooth because they process on timescales comparable to the limit of human time perception. Thanks to rollups, time from order creation to on-chain settlement on Firefly takes 400ms in ideal conditions, which appears instant for all human purposes and rivals the latencies in traditional finance. Furthermore, with rollups, the exchange is able to perform an order of magnitude more transactions per second than the base layer. Rollup assertions are submitted to the Moonbeam parachain with the AnyTrust guarantee.
By leading Web 3.0 security firmsPROTOCOL SECURITY
i) The platform is not available to residents of United States or Canada
ii) All assets on Firefly involve a degree of risk and may result in partial or total loss of your investment
iii) Sub-second settlement does not incorporate network latency or congestion
iv) Token distribution programs and parameters of the trading formula are determined by governance