DefiPlaza is a DEX specifically designed to reduce the risk of Impermanent Loss and help make DeFi sustainably profitable
Active on Ethereum & Radix since 2021
LaunchPlaza is Live! 🚀
Projects owners can now get access to all the tools they need to manage their tokens on Radix!
➡️ Token Creator
➡️ Token Editor
➡️ Burning
➡️ Staking
To get started all you need is the Owner Badge and a Token Liquidity Pool set up on DefiPlaza!
Manage
We’re giving one random person 1000 USDC: 🥇 Follow us 🥈 Retweet 🥉 Tag 2 crypto frends
👉 Swapping on DefiPlaza is 65% cheaper than on Uniswap
👉 Invest in a basket of 16 tokens
👉 200% staking APR
Merry 🧑🎄!
🥵 Tired of high gas fees?
DefiPlaza is the best deal on Ethereum
🔀 Save up to 65% in gas when swapping
🏆 Earn 350% APR by providing liquidity
The follow button is right here ⤵️
Ladies & gentlemen,
🔥𝗪𝗘 𝗔𝗥𝗘 𝗟𝗜𝗩𝗘 𝗢𝗡 𝗥𝗔𝗗𝗜𝗫! 🚀
Less than 32 hours after Babylon went live on
@radixdlt
, we are enabling token swaps on the network!
Trade your $ASTRL, $XRD, $FLOOP, $OCI, and $DFP2 right now!
➡️
#RunsOnRadix
It is our pleasure to officially announce that DefiPlaza will make an appearance on the Radix public network. We have formed an alliance with the team at
@CerbyToken
to join their ecosystem.
We're proud to present the DefiPlaza Radix white paper:
Keep CALM and carry on: sustainable DeFi on Radix by
@Jazzer9F
A TLDR; thread 🧵 on how DefiPlaza's algorithm will reduce the Impermanent Loss risk of providing liquidity
Happy to share that
@dexfolioapp
will be integrating
@DefiPlaza
into their apps 👍
This means you can track not only your DFP2 balance,
but also your staking and liquidity provision directly from their app 🤩
The integration should be finished soon
Our new DEX on Radix is almost ready!
A demo version is (privately) running on Radix' RCNet so that we can finish the UI
Below is a sneak peek of a swap via the Radix Wallet
👈 is how Radix presents a swap
👉 is Metamask on Ethereum
DefiPlaza is proud to
#runsonradix
Congratulations
@radixdlt
blasting through the all time high for $eXRD $XRD today! Well earned after a long grind. Exciting times ahead for sure!
Calling all traders of EXRD on Ethereum to be aware you can swap much cheaper (-65%) at DefiPlaza than elsewhere! Happy trading!
We are proud to announce the release of our white paper 💪
📃 StablePlaza: An efficient constant product AMM for stable tokens based on anchored liquidity
Read the whole white paper here:
TLDR;
A thread 🧵
Massive day for DefiPlaza! We got integrated into
@1inch
aggregator and $DFP2 was listed on
@CoinMarketCap
. Nicely ramping up volume at the cheapest DEX on Ethereum!
DefiPlaza reached 1 million USD in TVL on Radix 🎉
7 days after launching liquidity provisioning
👉 DefiPlaza on Radix is designed to reduce the Impermanent Loss risk
👉 Fair single-sided liquidity for new and existing LP providers
👉 Radix has the best UX of crypto
New Radix cDEX, who dis? 👀
Radix community, the time has come!
Our cDEX on Radix is live!
➡️ Go and check it out here:
📖 And be sure to read our announcement:
@radixdlt
#DFP
❤️ $XRD
This weekend we’re going to save as many people from the fear of High Gas Fees 👻. Let them know they can save up to 65% when swapping tokens
Want to participate and win some $DFP2? Join us at
Let's make DeFi on Ethereum affordable again 🙌
Yesterday we completed the listing of $SPELL at DefiPlaza. Welcome
@MIM_Spell
community to the cheapest DEX on Ethereum. Typical savings 50-65% on trades up to 5k$, 15 pairings available for SPELL.
DefiPlaza ❤️ Radix
We did things just today that would not have been possible on Ethereum. The dev ux is amazing!
Let's get those 10M liquidity incentives onto Radix and start rocking 🚀
Adding Liquidity to DefiPlaza on Radix is now live for everyone!
Coming from Ethereum, we firmly believe that safety comes first. So, after a few weeks of testing our new algorithm with private liquidity and two audits, we are ready to accept liquidity from anyone on Radix.
Thinking about providing liquidity? But tired of net losing money due to
#ImpermanentLoss
?
As of today, there is a better option available for you!
➡️
#SustainableDefi
is now live on
@radixdlt
! 🥳
Interested? Keep reading!
1/3
We have an amazing update!
We've just reached two million USD in Total Value Locked (TVL) on DefiPlaza! 🎉
Thank you all for your continuing support on Ethereum and Radix!
Great work by the Cerby team, our partners on Radix. They already have a proof of concept Scrypto dApp running, before Scrypto is even officially released. We'll be working with this team to bring the DefiPlaza multitoken AMM concept to Radix next year.
As part of our commitment to transparency in crypto, we have released the source code for DefiPlaza on Radix, including our CALM algorithm.
Open-sourcing contracts is an important concept within the crypto ethos. It enables transparency and allows for community-auditing.
The Radix Alexandria launch is expected tomorrow. Meanwhile the Cerby team is casually swapping and bridging tokens between Radix test netsb using Scrypto. Excited for the future, happy to be working with the Cerby team to bring DefiPlaza to other platforms.
Congrats
@Astrolescent
, on the announcement of $USDA,
@radixdlt
’s first stablecoin! 🎉
DefiPlaza will work directly with Astrolescent to offer deep liquidity for $USDA against all major Radix tokens, starting with:
$XRD / $USDA
$ASTRL / $USDA
#DFP2
/ $USDA
#partnership
📢📢ANNOUNCEMENT📢📢
@astrolescent
is officially announcing plans for launching $USDA, a fully collateralized stablecoin on Radix!
- Always 1:1 backed 💰
- Proof of reserves regularly available 🏦
- Fiat on/off ramp 💱
Check here for more details:
We partnered up with
@VulkaniaApp
to create an all-in-one dashboard for $DFP2, with
@tradingview
chart, real-time transactions and liquidity. All of DFP2 in one place!
DefiPlaza is now an official listed exchange on
@CoinGecko
🎉
Adding the data of our 120 pairs to update the official CoinGecko price of $LINK, $COMP, $CRV, $CVX, $DAI, $eXRD, $ETH, $MKR, $MATIC, $SPELL, $SUSHI, $USDT, $USDC, $WBTC, $YFI, and $DFP2
⏰ A quick intro for our new Twitter followers
DefiPlaza is the cheapest L1 DEX on Ethereum
👉 ~ 65% less gas usage when swapping
👉 Only 0.1% transaction fee
But also
🤜 300%+ APR when providing liquidity/staking
🤜 A TVL of just $6M
Learn more ⤵️
Yesterday we reached a new ATH in trading volume of more than US$ 1.8M.
More and more people discover swapping some tokens doesn't have to cost $100+
Thank you all! 🎉
Last week we enabled public liquidity provision for DefiPlaza on Radix!
Our total TVL is now 1.2M USD
- Ethereum: 547k USD
- Radix: 630k USD
DefiPlaza on Radix uses a new DEX algorithm called CALM to reduce the risk of Impermanent Loss, learn more on
Last weekend giveaway was very successful so we will have another one!
Same concept: post a screenshot of a gas quoted for a trade on DefiPlaza side by side with the same trade anywhere else. You don't have to do the actual trades!
Prizes 2x 2500 DFP2 (>1000$)
DefiPlaza is coming to Radix this summer!
On
@radixdlt
, our main focus lies on launching a 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝗗ecentralized 𝗘𝗫change.
To understand why, let’s explore one of our key learnings from running a DEX on Ethereum:
1/10
#SustainableDeFi
#RunsOnRadix
DefiPlaza hit 5 M$ total value locked today! We're gradually on our way over to the big leagues and boy have we got some low fees for you guys when we get there.
Also noteworthy, a new record 700 k$ of trading volume, with lots of room for growth!
🌉 The Bridge is open! 📢
Yesterday, we launched our cDEX on
@radixdlt
, but we didn't stop there!
↔️ We're happy to announce that you can now bridge your
#DFP2
between
#Radix
&
#Ethereum
in *both* directions! 🥳
Happy bridging!
#DFP
❤️ $XRD
DefiPlaza on Radix supports single-sided liquidity.
This makes it super easy to add any airdropped tokens as liquidity.
And CALM helps to reduce the Impermanent Loss risk on top of that.
A little over two weeks ago, we launched our cDEX on Radix! 🥳
#DFP2
❤️ $XRD
Missed it? Then check this out:
We wanted to get in early, so we could tweak our algorithms before launching our DEX later this year.
🧵 A short thread on where we are!
1/4
New Radix cDEX, who dis? 👀
Radix community, the time has come!
Our cDEX on Radix is live!
➡️ Go and check it out here:
📖 And be sure to read our announcement:
@radixdlt
#DFP
❤️ $XRD
Here is your weekly recap!
🔒 TVL: ~1.5M USD across Eth and Radix
💕 You added a few new pairs: $HUG, $MNI, $wBTC, and $DGC
Newsworthy updates:
🆕 DefiPlaza on Radix is live on CoinGecko
🆕
@Weft_Finance
added a liquidity incentive program for DefiPlaza
The result of the first governance vote is in. With an overwhelming majority, the community voted to list $SPELL at DefiPlaza. We look forward to welcoming the
@MIM_Spell
community to by far the cheapest DEX on Ethereum soon!
DefiPlaza is currently the only open-source DEX on
@radixdlt
.
This opennes enables greater transparency and helps build trust.
It allows for community-auditing and valuable community feedback.
Remember to always do your research before adding liquidity to any DEX.
The new StablePlaza pool is now live 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.
$4.6M in liquidity incentives in only 24 hours 🚀
That also means $5.4M is still available!
Visit and check out how you can participate to receive up to 20% in XRD as an airdrop by providing liquidity 🙏
With extended IL protection from both Ignition
🔥 Project Ignition Update 🔥
Only 24 hours after the launch of Ignition, already $4.6M has been provided to
@CaviarNine
,
@ociswap
, and
@DefiPlaza
Ignition pools
With the match in XRD, additional liquidity now stands at $9.4M 👀
DefiPlaza does not have a router for a reason
👉 120 token pairs from one pool of 16 tokens
👉 Routers double or triple gas , by making multiple trades
Swapping two ERC20 tokens costs around 77k gas (±26.5$) for most tokens, with swaps against ETH costing even less!
Project Ignition is launching this week on DefiPlaza and Radix
1️⃣ $10M available to double your liquidity
2️⃣ 20% airdrop when locking
3️⃣ Extra IL protection on top of CALM
But you might have questions!
Ask us anything, and we'll answer 🫡
Smart people stay CALM 🧘
How can the DefiPlaza 0.1% transaction fees possibly be sustainable? Great question! Want the answer? Read this explainer on multi-token AMM economics.
Why our 0,1% exchange fee is actually more attractive to liquidity providers:
DefiPlaza is a fundamentally cheaper place to trade, which should attract higher volumes over time.
Read more in our latest Medium article:
Looking to buy $SPELL? DefiPlaza is the cheapest dex to do so. We offer 15 SPELL token pairs including $ETH, $USDC, $USDT, $DAI, $UNI, $WBTC and 9 more.
Cast your magic 🪄 on
/cc
@MIM_Spell
DefiPlaza on Radix supports single-sided liquidity.
This makes it super easy to add any airdropped tokens as liquidity.
And CALM helps to reduce the Impermanent Loss risk on top of that.
Tonight at 5 pm UTC / 19:00 CET, we'll join
@JCRYPTO_YT
and
@fuserleer
in the latest No BS Radix Research X Spaces
And we have something big to drop 🫳🎤
So set a reminder and join us at ⤵️
DefiPlaza on Radix supports single-sided liquidity.
This makes it super easy to add any airdropped tokens as liquidity.
Plus, CALM helps to reduce the Impermanent Loss risk on top of that!
What a great week on Radix!
🔒 TVL: We reached 1 million USD! (+58%)
💕 You added a few new projects: $DPH, $GAB, $WEFT
Newsworthy updates:
🆕 We open sourced the Radix smart contracts
🆕 Pessimistic published their audit report
This Friday,
@ben_xrd
from RDX Works joins
@Jazzer9F
and
@timanrebel
to answer any question you might have about the new Liquidity Incentive program from
@radixdlt
.
Set a reminder for this AMA now!
Weekend giveaway! Compete for two prizes of 2500 DFP2 (>100$) each.
To qualify:
1. Retweet this tweet.
2. Reply to this tweet with a screenshot and trade description.
Screenshot should show side by side comparison of any trade quote on DefiPlaza with the same trade elsewhere.
DefiPlaza has been granted a Milestone Reward from the
@Radixdlt
Ecosystem Fund for being one of the first dApps to achieve $1M TVL on the Babylon Mainnet 🎉
$5M next 🍾
Happy Birthday to us and our community! 🎉
Two years ago today, we launched our first DEX on Ethereum: A highly gas-efficient 16-token pool.
So far, we processed over 80M USD in trades and generated over 100,000 USD in fees. On good days we trade over 1.8 million USD
Together with our good friends at
@Astrolescent
we're joining the
@radixdlt
Twitter Spaces this Friday at 15:00 CET to talk about our move from Ethereum to Radix
What have we learned in our two years on Ethereum, and what will we do differently on Radix
Thanks to our 16-token pool, you can provide single-sided liquidity up to ~$5,000 without too much price slippage
So if you have some $LINK, $COMP, $CRV, $CVX, $DAI, $EXRD, $ETH, $MKR, $MATIC, $SPELL, $SUSHI, $USDT, $USDC, $WBTC, or $YFI left
You can earn a 70% APR
@altyields
Which tokens can I swap on DefiPlaza?
We have one pool of 16 tokens, to create 120 token pairs, so any combination of
$COMPY $CRV $DAI $eXRD $LINK $MATIC $MKR $SUSHI $UNI $USDC $USDT $YFI $WBTC and $SPELL is possible!
Read why we only support 16 tokens
Introducing the upcoming StablePlaza pool!
A thread 🧵
We talk about:
- The elephant in the room: launching a stable token pool
- How StablePlaza is again cheaper
- Why providing liquidity can be lucrative
- How you can earn a part of the fees with staking DFP2
Over 67k USD in trade volume today on StablePlaza alone 🎉
For a DEX some price volatility is actually a good thing, since it brings tons of traffic. As long the token price return to their initial price, there is also no IL.
(Which is luckily usually the case with stablecoins)
Received $OCI, $ASTRL, $WEFT, or $GAB?
You want to provide it as liquidity, but you don't have the XRD?
DefiPlaza on Radix offers single-sided liquidity!
This means you can add your airdropped tokens without the need to provide the counter token 🤘
DefiPlaza can be much cheaper, because
1️⃣ Everything is implemented in a single contract. No router or oracle
2️⃣ We don’t use WETH but plain ETH
3️⃣ We hard-coded the 16 tokens allowing many more optimizations
That's why we're up to 65% cheaper than any DEX
This weekend we, with our community, share our funniest memes to help people see swapping tokens can be done so much cheaper.
These are some of the memes shared so far. What is your favorite?
Oh, and if you want to help out ⤵️
This weekend we’re going to save as many people from the fear of High Gas Fees 👻. Let them know they can save up to 65% when swapping tokens
Want to participate and win some $DFP2? Join us at
Let's make DeFi on Ethereum affordable again 🙌
Help us promote DefiPlaza!
We created OnePagers and a Moonsheet to make it as simple as possible to promote DefiPlaza to your community 💪
Together we are strong and together WAGMI
StablePlaza has been submitted for the security audit! 🎉
This will probably take a few weeks, including responding to feedback and making any changes needed.
Development on updating the app starts this week, so all is well on schedule.
We still target mid-May for launch
The APY of our RadixPlaza XRD pair is currently 24% 💪
After IL
Without any liquidity incentives
This shows that CALM, and our approach with higher fees, positively affects the APY, even with lower trading volumes.
We'll add all APYs to our UI in the coming days.
What we are currently working on:
🚗 WalletConnect (in a week or 2)
🚙 Launch
#StablePlaza
(audit starts April 25)
🚐 Launch a MoonPlaza where upcoming projects can list
✈️ Be the first DEX on the $XRD network when
#Radix
Babylon launches
CALM is not designed with max volume in mind but with actively reducing the loss.
A short thread on our Radix strategy to make more money for our LPs 🧵