• Mon. May 20th, 2024

RobinHood-style DEX FeeFree has successfully completed a seed funding

ByDylan

Apr 8, 2024

FeeFree, a fee-free swapping protocol, aims to establish a RobinHood-style decentralized exchange (DEX) in the blockchain industry. It has successfully completed a seed funding round of $3.25 million led by MoonBit, North Island, CoinFund.

In the Ethereum ecosystem, Uniswap is the leading DEX, but it charges liquidity providers fees ranging from 0.05% to 1%, which are ultimately borne by users.

FeeFree‘s model and revenue strategy are highly unique, offering zero-fee swapping. Unlike most DEXs, FeeFree charges a fixed gas fee per transaction (< 0.1u/tx), regardless of the transaction volume.

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