ErgoFinance DEX
Makes DEX trading simple, accessible, and affordable on Ethereum L1 and L2’s.
Core Strength
Our innovative dApp brings you:
⚪ the best value for your swaps by comparing multiple Dexs, picking the best rates for you.
⚪ reduced slippage using multiple pools in our MetaDEX Aggregator, to execute your trade.
⚪ automatically processed, decentralized limit orders.
⚪ additional LP fees on every trade. Up to 5% of your order size.
Combined, ErgoFinances’s dApp provides you more , if not the best value for every trade you make !
And if that isn’t enough, we took care of slippage, front running bots and fees so you no longer have to.
These are our core building blocks
Secure audited smart contracts
The dapp was audited in multiple iterations in both internal and external testing environments. The external testing was performed by CertiK, Mythx and OpenZeppelin.
Off-chain keepers at work
The ErgoFinance protocol utilizes the Chainlink Keepers to make sure orders are collected as soon as the price target of the limit order is reached. This service is provided off-chain, fully decentralized.
You can read more about Chainlink Keeper and ErgoFinances’s full scale integration in this Medium article.
High utility $ERGO token
$ERGO is a utility token which is used for paying limit order fees and end-to-end usage of gasless mode (optional feature, coming very soon).
For every limit order, the ErgoFinance protocol user only pays a service fee in $ERGO, of the amount traded.
FAQ
Initially 100M ERGO tokens were in existence. Liquidity has been deployed to the Uniswap protocol (original Uniswap LP token will be burned), 20M to Arbitrum, Optimism to provide layer 2 liquidity. 8M (20%) is added on Gnosis, a multi-signature wallet. 12M (12%) Will be locked on Unicrypt for vesting.
Connect your wallet. Depending on whether you wish to use the swap or the limit order feature, you will need $ETH and $ERGO in your wallet. The interface is just as straightforward as using Uniswap for example, but with our limit order feature. Use normal or pro-mode to set your limit order and click trade. When the market conditions match your order, ErgoFinance DEX will execute the trade automatically.
Yes! ERGO token is a non-mintable ERC 20 token audited by OpenZeppelin, MythX and CertiK.
ErgoFinance requires a fee to cover the cost of the trade processor (ChainLink Keepers). When a trade is processed $ERGO is deducted from the protocol user’s balance on the dapp and sent to the trade processor to cover the gas cost. Hence, the $ERGO tokens are circulating: DEX Liquidity Pool -> User -> ErgoFinance Protocol -> DEX Liquidity Pool.
Yes! $ERGO is a utility token as it is used to pay the fee for all ErgoFinance DEX limit orders and end-to-end usage of gasless mode (optional feature, coming very soon).
You can also use our swap aggregator, for this you only need to hold ETH in your wallet to cover gasfees. Again use normal or pro-mode to fill out your swap and click swap. Your swap is executed in a heartbeat!
The fee is dependent on the current gas fee. The maximum fee is calculated as follows: base fee * gas fee * protocol fee. As you can see, we don’t take the amount that is being traded into consideration. This offers you the opportunity to trade at a very interesting, fixed price. Fixed, as in not depending on your amount traded. We refer to our docs for more details on the exact calculation.
Yes and no :) If you wish to use only the swap aggregator, you don’t need to own $ERGO. However, if you wish to use our limit order feature, you will need $ERGO to cover the service fee.
Yes! ErgoFinance entire codebase is open-sourced and published on Github under the MIT and GPL-3.0 license. Anybody can see how it was developed, built and who are the code contributors. Developers are encouraged to submit a PR if they are willing to contribute.