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.

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.

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

Victor

Recent Posts

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

15 minutes ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

22 minutes ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

46 minutes ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

2 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

3 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

4 hours ago

This website uses cookies.