Latest updates from DefiPlaza
Introducing StableCALM: A New Standard for Stablecoin Liquidity on Radix
At DefiPlaza, we’ve spent the past year refining the CALM algorithm to offer the most efficient, LP-optimized trading experience on Radix. From the beginning, CALM has been designed to maximize profitability for liquidity providers: eliminating toxic order flow, minimizing impermanent loss through internal oracles, and introducing a dynamic bid-ask spread to generate passive income for […]
Real APYs added to RadixPlaza
To transparently display the performance of DefiPlaza and CALM in particular, we added the real APYs to all DefiPlaza liquidity pairs. The XRD base pair has an APY of 24% after IL and without liquidity incentives! Based on data of the last 14 days. Most DEXs calculate the APY based on just the fees of […]
RadixPlaza audit report published by Pessimistic
DefiPlaza’s RadixPlaza pool has been audited by Pessimistic, whose services are used to audit all DefiPlaza pools. The audit report includes an overview of all identified High, Medium, and Low-Risk issues along with our response to them. Our Documentation provides an overview of all DefiPlaza audits, which are linked to Pessimistic’s public GitHub repository: https://docs.defiplaza.net/defiplaza/introduction/audits.
Adding Liquidity to RadixPlaza is now live for everyone!
Coming from Ethereum we strongly believe that safety comes first. So after a few weeks of testing our new algorithm with private liquidity, two audits, and a ton of feedback, we are ready to accept liquidity from anyone on Radix. Why add liquidity to DefiPlaza? DefiPlaza is specifically designed to reduce the risk of Impermanent […]
DefiPlaza on Radix white paper published
We’re proud to present the DefiPlaza on Radix white paper: Keep CALM and carry on: sustainable DeFi on Radix by @Jazzer9F Download the white paper at: Or read an explainer thread 🧵 on how DefiPlaza’s algorithm will reduce the Impermanent Loss risk of providing liquidity at: On Radix, DefiPlaza will demonstrate that the Concentration-Asymmetric Liquidity […]
Migrate your old Radix Olympia-style DFP2 to the new Babylon DFP2!
TLDR; Ethereum users can skip this message, your DFP2 is already as good as it gets 👍 To use the latest and greatest Babylon features we are upgrading the DFP2 token. Go to https://radix.defiplaza.net/migrate and make the simple 1:1 swap to supercharge your DFP2. There is no end date to this migration, but the DEX […]
Happy Birthday DefiPlaza!
Two years ago today, we launched our first DEX on Ethereum: A highly gas-efficient 16-token pool. Combined with StablePlaza, a DEX optimized to trade stablecoins, we processed over 80M USD in trade volume and generated over 100,000 USD in fees for our LP providers. During the peak of the bull market in December 2021, we […]
DefiPlaza is live on Radix
Less than 32 hours after Babylon went live, we are enabling token swaps on the new Babylon network! Trade your $astrl, $xrd, $floop, $oci, and $dfp2 once again on Radix! ➡️ https://radix.defiplaza.net/swap (Adding liquidity is currently still disabled and will be enabled asap)
100k USD in fees paid to our Liquidity Providers!
Our DefiPlaza Pool on Ethereum hit a major milestone today: We collected $100k in fees for our LPs! Soon, we plan to bring even more profits to our LPs with our new DEX on Radix, focusing on making DeFi sustainable 💪
DefiPlaza and Astrolescent Team Up to bring next-level DeFi solutions to Radix
DefiPlaza has established a strategic partnership with Astrolescent, a fellow buildOOr of cutting-edge DeFi products on Radix! 🤝
DefiPlaza Launches Radix-Ethereum Bridge
With the deployment of the DFP2 token to Radix, we launched the first-ever community-owned Ethereum → Radix bridge, allowing you to move your tokens from the Ethereum chain to the Radix chain. Until now, this bridge has been uni-directional, only allowing DFP2 tokens to flow from Ethereum to Radix. Today, with the release of our cDEX […]
DefiPlaza Launches cDEX on Radix
During the last few months of 2022, we have worked diligently to lay the foundation for DefiPlaza to branch out to the Radix chain. We are very enthusiastic about the potential of the Radix public network and grateful to be a part of this journey! Humble Beginnings We took our first step at the tail […]
The StablePlaza pool is now live on DefiPlaza!
With a lot of pride, we present the new StablePlaza pool on DefiPlaza! DefiPlaza now has two multi-token pools that are optimized to give the lowest trade cost and the highest capital efficiency to the end-user. The (existing) DefiPlaza pool is a 16-token pool of blue-chip tokens and is 15 times more capital efficient than […]
White Paper StablePlaza released
As part of the launch of the upcoming StablePlaza pool, a white paper was created to explain the core principles in more detail. The StablePlaza pool will launch this Thursday, July 14. Abstract The white paper introduces StablePlaza, which is an efficient distributed exchange for stable tokens. The main innovation used in StablePlaza is the […]
DefiPlaza listed as exchange on CoinGecko
8 months after Coingecko was the first to list DFP2, CoinGecko now added us as an official listed Exchange! With help from CoinGecko, we created a set of custom API endpoints, to make it possible for CoinGecko to fetch data from all of our 16 tokens and 120 pairs in near real-time. We can now […]
New Liquidity Dashboard
Want to see an overview of the liquidity you provided? Now you can!
Launched WalletConnect support
DefiPlaza launched support for WalletConnect! Now you have access to many more wallet options to swap with the cheapest fees on Ethereum!
DeFi Download DFP2 burn
To celebrate the release of the DeFi Download podcast featuring DefiPlaza (go listen to it if you haven’t yet!) the team has allocated another 0.5 ETH from the arbitrage bot to buy back DFP2 from the exchange and burn it. This has resulted in another 48k DFP2 being bought back from the exchange and sent […]
Engineering better DEXs – Jazzer’s appearance on the DefiDownload Podcast
In this episode of the DeFi Download podcast, Piers Ridyard, CEO of Radix interviews Jazzer, the founder of DeFiPlaza. Jazzer discusses his path to developing DeFiPlaza, his engagement with Radix, and his efforts to create a highly optimised DEX with the lowest gas costs per trade. DeFiPlaza is an Ethereum-based decentralised exchange that is 50 […]
Another 35k DFP2 burnt
To celebrate the start of serious StablePlaza development, the team collected the profits from the community run arbitrage bot and used these to buy back and burn DFP2 tokens. As a result, 35846 DFP2 were bought back from the exchange and sent to the burn address, which now holds over 202k tokens that will never […]
Nearly 40k DFP2 burnt
To celebrate the release of the new website design, the team collected the profits from the community run arbitrage bot and used these to buy back and burn DFP2 tokens. As a result, 39831 DFP2 were bought back from the exchange and sent to the burn address, which now holds over 166k tokens that will […]
New design launched
Based on requests from the community and with the help of a professional designer, we just launched a new design for both the website and the trading app. A clean mix of modern DeFi design with ancient Greek elements will also give DefiPlaza a much more recognisable visual brand. Join our Discord or Telegram and […]
Implemented a new voting strategy to allow voting with unclaimed rewards
DefiPlaza is governed by the DFP2 token holders. They can make proposals at governance portal, powered by Snapshot.org, and when they are approved the team will implement the outcome. To vote on these governance votes we only took into account the balance of DFP2 tokens already in a wallet. It is however possible to create a […]
44k DFP2 tokens burnt
Today, another 44625 governance tokens have been bought back from the exchange, using the revenue generated by the community run arbitrage bot. These tokens were subsequently burnt, as is our current policy for how to use the arbitrage bot revenue. This means that the burn address has now collected 127,029 tokens which puts it at […]
Governance quorum lowered to 25% of circulating DFP2
DefiPlaza is governed by the DFP2 token holders. They can make proposals at snapshot.org and when they are approved the team will implement the outcome. To make a vote on a proposal count, it needs to have sufficient votes (meet quorum). The quorum used to be 15M, with only slightly more than 30M tokens out […]
Another 22k tokens burnt
The community-run arbitrage bot has continued to bring volume to the exchange and arbitrage revenue to the community. Today another 0.5 ETH was converted into DFP2 and these tokens were sent to the burn address, never to be brought into circulation again. We are committed to maintain the arb bot and continuously burn more and […]
CVX now listed on DefiPlaza
Following a unanimous governance vote, the DefiPlaza community replaced the UNI token in our 16 token index with the Convex Finance token (CVX). The Uniswap token (UNI) systematically was one of the tokens generating the lowest volume on the exchange, making it a prime candidate for replacement. CVX was a prime candidate for replacement as […]
AMA Recap: Volcanic Gems x DefiPlaza
Thursday, December 28, 2021, DOM.NFA from Volcanic Gems interviewed Jazzer, our main dev, about DefiPlaza and the technology and economics behind it. You can read the whole AMA on Volcanic Gems’ Telegram channel, we posted the Q&A unaltered here: Dom.NFA So I’d like to welcome Jazzer to the chat. We’ll be discussing his project, DeFi […]
Etherscan integrates DFP2 price
Starting today, Etherscan correctly shows the DFP2 price on their platform, taking DFP2 correctly into account when calculating the DefiPlaza token holdings as well.
First DFP2 burned
We recently launched an arb bot that helps to keep the DefiPlaza pool of 16 tokens in balance. The profit from the arb bot is given back to the community in the form of DFP2 burning. This weekend the first DFP2, worth around 1 ETH or $4000 was burned. Burn DFP2 burn! 🔥 You can […]
AMA RECAP: DeFi Raccoons x DefiPlaza
This update first appeared on the official Defi Raccoons Medium channel and has been republished unaltered. Date: 18th of November Host: Angle Guest: DefiPlaza ( Jazzer — Main Dev ) Hello Raccoon Nation and DeFi Enthusiasts! We recently hosted an AMA with DefiPlaza. So here we are up with the AMA transcript, for those who missed the live session, this […]
AAVE replaced by SPELL token
We replaced the AAVE token in our 16 token index with SPELL, after a proposal and subsequent vote on our Governance platform. AAVE is expensive to trade and the swap volume was low. You can now trade SPELL against any of the 15 other tokens in our dex on our app.
1inch integrates with DefiPlaza
From today users of the 1inch aggregator can use DefiPlaza to swap with even lower fees. The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.
DFP2 listed on CoinMarketCap
Starting today, our DefiPlaza DAO Governance token is listed on CoinMarketCap under DFP2. CoinMarketCap is the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.
Improved price impact on Swap and Liquidity pages
Based on feedback from you all, we rewrote the slippage / price impact warning. We are now showing USD prices (from CoinGecko) below the token amounts, to clearly show the impact your swap or liquidity add/remove has. As seen in the screenshot swapping $10k DAI for ETH will give you 0.8% more in ETH, but […]
DefiPlaza shoots through $5M TVL
Almost two weeks after we broke through $2M in total value locked, we broke through the $5M barrier on Monday, November 8th. We also recorded an all-time high daily trading volume of over $700k. Our focus is currently on increasing both our TVL and Daily Trade Volume through community building, outreach to other crypto communities, […]
DefiPlaza listed on Defi Llama
Starting today, Defiplaza is listed on Defi Llama as an exchange. Defi Llama is a dashboard that provides cross-chain data on the state of Decentralized Finance. They’re committed to accuracy and transparency.
DFP2 listed on Coingecko
Starting today, our DefiPlaza DAO Governance token is listed on Coingecko under DFP2. CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume, and market capitalization, CoinGecko tracks community growth, open-source code development, major events, and on-chain metrics. We are working to get the DefiPlaza AMM listed on Coingecko as […]
DefiPlaza captures 2 million USD in TVL
Only three weeks after launch we reached a TVL of over $2M. The Market Cap of DFP2 hit $2M yesterday.
Weekend Giveaway! Compete for two prizes of 2500 DFP2 (>100$) each.
To qualify: Retweet this tweet. Reply to the tweet with a screenshot and trade description. Please note: The screenshot should show a side-by-side comparison of any trade quote on DefiPlaza with the same trade elsewhere. Good luck everyone!
See what’s happening on DefiPlaza with our new Analytics page
Based on the public subgraph API we launched last week, we created an Analytics page, showing what is happening on DefiPlaza right now and in the past 28 days. The Analytics page shows the current TVL and its evolution over the past 28 days. The same goes for the DFP2 Price in USD and its […]
First million in TVL
Today, only 12 days after launch, we reached the first million in TVL. Thanks to everyone for their support and see you on the moon!
Our Subgraph (API) is live
DefiPlaza uses a Subgraph by TheGraph to make it easy to connect with DefiPlaza and build your own integrations. The Graph is an indexing protocol for querying networks like Ethereum and making them available for more traditional web2.0 applications. Like an Analytics page or an integration with listing sites. We created the subgraph to make […]