🎇Mission

XFunder Mission

Security Bonus: Like every protocol built on an open, distributed network, AMM-based DEXs (ETH, BSC, ..) have security holes. In addition to code testing, a common practice adopted by the XFunder Protocol is for the code to be reviewed by the broader developer community and to reward those who discover and/or fix bugs of the protocol with solutions. monetary rewards, usually in fixed currency, through a bounty program. Interacting with the XFunder AMM protocols incurs various costs, including fees for some form of “value” created or “services” performed, and fees for interacting with the blockchain network. XFunder participants need to anticipate three types of fees: liquidity withdrawal fees, swap fees, and gas fees.

⦁ Liquidity withdrawal penalty: liquidity withdrawal negatively affects the usability of the pool by increasing slippage. As a result, AMMs like DODO apply a liquidity withdrawal penalty to discourage this action.

However, at XFunder, liquidity deposit and withdrawal fees are 0% because we believe that XE is attractive enough to keep liquidity providers with us.

⦁ Swap Fees: Users who interact with the liquidity pool to exchange tokens on XFUNDER must repay LPs for the asset offering. This compensation comes in the form of swap fees charged in every exchange transaction and then distributed to liquidity pool shareholders. When you do a token swap (trade) on the XFunder Exchanges, you will pay a 0.17% transaction fee. This fee is considered good when compared to other DEX Exchanges.

⦁ Gas Fees: The XFunder AMM protocol operates on the Binance Smart Chain (BEP-20), so any interaction with the XE . AMM protocol is done as an on-chain transaction and is therefore subject to applicable gas fees. for all transactions on the underlying Binance Smart Chain.

Two essential underlying costs derived from AMM-based XE are slippage for exchange users and divergence losses for LPs.

⦁ Slippage: Spot prices are close to actual prices for micro-trades, but they differ more for larger trade sizes. This effect is amplified for smaller pools of liquidity as every trade will significantly impact the relative number of assets in the pool, leading to higher slippage. Due to constant slippage, trades on AMM must be set up with some slippage tolerance in order to be executed.

⦁ Temporary Loss: Temporary loss is one of the basic concepts that anyone who wants to provide liquidity to XFunder AMM must understand. In short, if the price of the deposited asset changes since the deposit, the LP may suffer a temporary loss. It doesn't sound scary, but you should learn about the concept before you start.