Fairpool is a DEX for personal tokens. Create your own token & receive royalties from trading volume. Increase volume by offering dividends / selling content for your token. Subscribe to our Telegram / Twitter to get notified about updates.
Weekly progress
- ⚒ Improved the Fairpool pricing formula.
- ⚒ Researched the options for migrating our second liquidity pool from BNB Chain to Arbitrum.
- 🤝 Received quotes from auditors.
The stablecoins
We have two liquidity pools:
- Primary pool on Uniswap against ETH.
- Secondary pool on PancakeSwap against BUSD.
Given the recent legal action against BUSD, we feel it’s better to close our second liquidity pool & reopen it with the same amount of liquidity but a different token (not BUSD).
We’ve researched other stablecoin options and didn’t find any good alternatives. Most well-known stablecoins are centralized just like BUSD. The only well-known stablecoin that is decentralized is DAI, but it’s ~35% collateralized with other stablecoins (USDC, GUSD, USDP).
Currently we feel it’s better to convert our BUSD liquidity to ETH and move it to Arbitrum.
We’ll post more updates on it.
Next week’s focus
- ⚒ Develop Fairpool.
About Fairpool
Fairpool is a DEX for personal tokens. Create your own token & receive royalties from trading volume. Increase volume by offering dividends / selling content for your token. If you want to get notified about updates to our products, please follow our Telegram & Twitter.
Any questions? Reach out to us:
Website: fairpool.io
Telegram: @FairpoolDEX
Twitter: @FairpoolDEX
Anchor Podcasts: @FairpoolDEX
Medium: fairpool-dex.medium.com
$FAIR token: Uniswap + PancakeSwap
