FODL
0.00000017ETH
-12.04%≈$0.00040780≈฿0.0{8}59622Volume(24H)$133.76
Today
Low:0.00046798
High:0.00051145
Yesterday
Low:0.00000017
High:0.00000019
Market information
Market Cap $174,544.46
Global Volume(24H)$3,084.53
All-Time Low$0.00044289
All-Time High$1.0945
Initial Price$0.7376
ROI -99.9447%
Circulating Supply 378,646,641 FODL
Circulation Percentage 37.8647%
Max Supply 1,000,000,000 FODL
Total Supply 1,000,000,000 FODL
Price history
Information
Website https://fodl.finance/
Media Media
Explorer Explorer
Source Code https://github.com/1bx0/fodl-public
Converter
FODL
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Project Introduction
Fodl is a fully decentralized leveraged trading platform that uses liquidity from mortgage platforms like Compound and Aave rather than funds rate or margin trading.
Project Vision
Fodl enables traders to trade with leverage without paying capital fees. This leverage is derived from the existing DeFi Lego Compound and Aave.
Market Demand
Traditional DeFi lending platforms became money markets, offering leverage to users by offering assets as collateral.
Solution
Fodl platform combines several currency "Legos" from DeFi ecosystem, flash loan and mortgage platform, with proprietary position protection bot and cross-asset price index to build a fully decentralized leveraged trading platform.
Project Implementation Mechanism
A typical Fodl transaction life cycle: 1. Users choose to supply assets and supply, borrow assets and leverage. 2.Fodl platform calculates how much borrowed assets are needed to match leverage. 3. When a user opens a position, Fodl takes out a flash loan and is able to open the entire leveraged position in a single trade. This effectively allows users to leverage their principles beyond the limitations of the underlying platform. 4. Users configure stop-loss bots or profit bots. This action sends configuration data about the cross-asset price operation to Fodl's robotic system. 5. If market conditions meet the price configured by the user, the Fodl robot will open some or all of the user's position depending on the configuration. Prices are determined by the underlying platform's price prognosticators (i.e., positions on each platform are compound price prognosticators or Aave price prognosticators respectively)
Token Usage Scenarios
1. Governance token of DAO; 2. Motivate platform users and liquidity providers; 3. Distribute practical tokens of platform revenue through token repurchase.
Characteristic
1. The agreement will provide leveraged long/short/farm services with no interest rate. Fodl fees are generally lower than other forms and leveraged services, especially when platform rewards are included.
Technical Characteristics
1, in an atomic trade through the lightning loan can be opened in a single trade folding leveraged position. 2. Automate the management and closing of positions prior to liquidation using smart contract robots.
Release Mechanism
Total: 1 billion Initial Liquidity: 20% Platform Award: 40% Treasury: Funds obtained through FODL Buyback FODL LP Pledge Award: 20% Development Fund: 10% Team: 10%
Project Highlights
Fully decentralized leveraged trading platform without interest rate, automated clearing, developed by the well-known DeFi Whale team 0xB1.
Incentive Mechanism
Incentivize platform users and liquidity providers to distribute platform revenue through token repurchase.
Competitors
Whether on a CEX like Binance or a DEX like DYDX, our leveraged trades are also the most expensive time when they are most important in our portfolio allocation strategy. With a large portion of leveraged profits eaten up by fees, FODL provides a transparent, low-cost way to secure leverage on the long and short positions we want to hold.
KOL
FODL: Decentralized derivatives platform, bullish, but cautiously bullish, always wary of currencies other than BTC. Developed by DeFi Orca 0xB1. Ever since CEX and the contract market have been hammered with an iron fist. It is an obvious trend for CEX to DEX, and for users to switch from a centralized real-name authentication platform to a DEX platform without real-name. The derivatives market is dominated by Dydx, PERP, LEVER, DERI and others. Fodl's biggest card is that its founder knows DeFi and has a lot of assets. And, as one of the few projects without an investor background, all FODL tokens were directly injected into the LP pool for a public offering. The twitter of the project side also fishes for three days and exposes the net for two days. The content that can be forwarded will not be sent by itself. Therefore, this project can have the current heat basic rely on big V single + grassroots users tap water. And the price is as good as you'd expect to get to 1U/FODL over a weekend. In terms of market capitalization, before the Fodl product is officially launched, 2-3U is the limit ($500 million of market capitalization as the upper limit). If the product launches this week as officially stated, there is a possibility that the short-term market cap will approach its Dydx market cap (FODL>5U) with a user experience close to or even better than Dydx. Now I summarize the advantages of FODL: the big V background, no investment background, all the tokens are publicly issued, the DeFi2.0 derivative raceways, and only one Dydx can be the competitor for DeFi2.0. The disadvantages are also obvious: the user experience is currently poor, the slip point is 1% much higher than Dydx, there is no FODL lock-up pool, and the way of FODL repurchase and reward is not clear. Therefore, Fodl Finance is still ina state of half-concealed, and its real market value and experience are unknown. If it does achieve what its white paper says is a great stimulus for the use of derivatives hedging scenarios +. 10U is not impossible, of course, it is just a good wish, man proposes, god discards, can achieve such a result, but also depends on the efforts of 0xB1 and his team. "
Project Risk
Smart contract security risks, leveraged trading market demand, competitors, etc.
Values
Fodl obtains liquidity from the mortgage market, enabling traders to leverage trades without paying financing rates. Rather than volatile up/down chain financing rates driven by a smaller market of margin traders, lending platforms offer deep liquidity, low volatility and governance token rewards that allow users to almost always fully recoup their positions and are a valuable project.