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News

Building Terra 2.0: Phoenix Finance

May 24, 2022 - Around 2 mins mins to read

Phoenix Finance is a decentralized trading platform project that was first built on the foundation of Terra 2.0.

Phoenix Finance

The project’s development team are Terra’s engineering engineers, all with extensive experience in DeFi. Phoenix Finance is trying to leverage past knowledge and relationships to facilitate ecosystem rebuilding.

Phoenix’s development team of experienced engineers from major technology companies such as Google, Facebook, TikTok, and full-stack development, UI/UX design teams have also worked in many other major technology companies.

Phoenix DEX will be the flagship AMM on Terra 2.0, aiming to achieve

  • Permissionless pool creation
  • Constant product & Stableswap invariant
  • Concentrated liquidity
  • Set-and-forget (& leveraged) delta-neutral and impermanent loss free yield strategies

A DEX owned by the community

The value of Phoenix DEX will depend entirely on the support of the community.

Phoenix DEX Tokens will be distributed in advance to early community participants, including Liquidity Providers, Traders, and Phoenix Ownership-Liquidity Protocol Holding Projects.

When tokens will be launched

Phoenix DEX will be launched at the start of Terra 2.0. Tokens will be retroactively attributed to users — at a later date.

What Trading Pairs Will Be Launched in Genesis

  • LUNA
  • Stablecoins (e.g., USDC, USDT)
  • Terra 2.0 project tokens
  • Bridged assets (e.g., BTC, ETH)
  • Interest bearing tokens (e.g., LunaX)
  • etc.

Community First, Always

Communities have always played an important role in the success of the Terra ecosystem. So the development team will serve the community by creating the best DeFi experience on Terra 2.0.

Terra 2.0

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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KAI

CoinCu News

News

Building Terra 2.0: Phoenix Finance

Phoenix Finance is a decentralized trading platform project that was first built on the foundation of Terra 2.0.

Phoenix Finance

The project’s development team are Terra’s engineering engineers, all with extensive experience in DeFi. Phoenix Finance is trying to leverage past knowledge and relationships to facilitate ecosystem rebuilding.

Phoenix’s development team of experienced engineers from major technology companies such as Google, Facebook, TikTok, and full-stack development, UI/UX design teams have also worked in many other major technology companies.

Phoenix DEX will be the flagship AMM on Terra 2.0, aiming to achieve

  • Permissionless pool creation
  • Constant product & Stableswap invariant
  • Concentrated liquidity
  • Set-and-forget (& leveraged) delta-neutral and impermanent loss free yield strategies

A DEX owned by the community

The value of Phoenix DEX will depend entirely on the support of the community.

Phoenix DEX Tokens will be distributed in advance to early community participants, including Liquidity Providers, Traders, and Phoenix Ownership-Liquidity Protocol Holding Projects.

When tokens will be launched

Phoenix DEX will be launched at the start of Terra 2.0. Tokens will be retroactively attributed to users — at a later date.

What Trading Pairs Will Be Launched in Genesis

  • LUNA
  • Stablecoins (e.g., USDC, USDT)
  • Terra 2.0 project tokens
  • Bridged assets (e.g., BTC, ETH)
  • Interest bearing tokens (e.g., LunaX)
  • etc.

Community First, Always

Communities have always played an important role in the success of the Terra ecosystem. So the development team will serve the community by creating the best DeFi experience on Terra 2.0.

Terra 2.0

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

KAI

CoinCu News

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