the troop marches on..
an update on progress from handle.fi - the global defi FX protocol.
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things are hotting up 🔥 as we get closer to mainnet launch and the TGE for our platform, and global #DeFi FX protocol.💱
we've certainly made a lot of progess since our last post, so it's time for a #troop update.🦍
first up, lets do a walkthrough of the platform, where users can now;
mint (kovan) fxTokens in a range of currencies. current eligible collateral includes ETH, wBTC, DAI with more asset types to come...
borrow in their local currency, removing FX risk and making accounting easier.
fxEUR, fxCNY, fxKRW, fxAUD are current stablecoins with more to come.
burn (kovan) fxTokens quickly and easily to repay debt and manage vault collateral ratios.
convert between fxTokens, other stablecoins and tokens, using ethereum (kovan, mainnet) and Polygon (mainnet).
our simple interface combined with advanced order routing and variable fee structures ensures easy DeFi FX exchange at competitive rates.
this feature is now LIVE, ready for use on ethereum L1 and polygon mainnets.
further, we’ve launched the $FOREX reward program to encourage users to try it out. read more about it here, and start earning FOREX as you convert!manage fxToken vaults through your dashboard - view relevant ratios, int. rates and add and withdraw multiple collateral types ETH, wBTC, DAI.
view your handle.fi portfolio of fxTokens and eligible collateral in mutiple currencies. easily convert and send.
redeem fxTokens for collateral at 1:1 parity. earn potential arbitrage profits and help maintain stablecoin price parity.
soon, stake either fxTokens or $FOREX in our liquidity, keeper, and governance pools to earn more $FOREX rewards.
lot's, going on "under the surface" too. the protocol is built to allow;
partial liquidations - only minimum collat. is ever sold to maintain CRs.
protocol controlled treasury(PCT) - where users can earn additional returns on vault collateral.
dynamic rates and CRs - ensures ongoing market competitive borrowing.
on the community side;
we’ve introduced a range of Protocol Incentive Experiments (PIEs) allowing our community troopers to earn $FOREX rewards for contributing to protocol growth.
current highlights include rewards for;PIE #4 - content production.
PIE #5 - referrer program.
PIE #6 - troop participation.
PIE #7 - token exchange rebate.
check them all out here
also on its way is the #trooper merch store. 🏪
use $FOREX and ETH to buy handle.fi troop swag, limited edition merch releases, and NFTs in the pipeline. 👀our troop continues to grow with users spread across twitter, discord, telegram and substack.
the roadmap is “chockers” full of protocol improvements, including;
more collateral types and fxTokens
multi-chain and L2 deployments.
fiat ramps.
inprotocol swaps & debt conversions
x-asset swaps.
leveraged FX products…
so to finish,
its been a super busy few months building...we are now booking our contract audit🎉 prior to mainnet release and prepping for TGE 💹!
..lots to look forward to.🦍
want to learn more about how we’re building the global DeFi FX protocol? come join the troop conversation on discord
lets go #troopers!!