metadata: {"title": "FeeFree", "logoImg": "bafkreiaubebu4cdxxbycdf5nbuzolbnoq3lzxfy4pdhpqdinb4voaox6ve", "website": "https://app.feefree.fi", "createdAt": 1712740773013, "userGithub": "GaussETH", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..ticHZeL6hb6w0OMF6y93hPHDBwrInDq3_JWNgdBgmWLBQPS7Q0iXiraivELB2K4WYNRN--uPMys4HdLYVR7gAA", "type": "Ed25519Signature2018", "created": "2024-04-13T01:50:42.776Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-13T01:50:42.776Z", "expirationDate": "2024-07-12T01:50:42.776Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE69d24DD645d3d6A9985665Dc0D5f8D57597e915", "hash": "v0.0.0:y0AJ9ceiWbgeFVQR7CEDSa96EVtNfR3ZCw+Vr1b1xtY=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#FeeFreeFi#98699779"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..iULC0mQ_Me_ddQX5HFmZXC2etFnfpMTr4FN6SMXPI9N2tQ2-761zfGQNmzlqxdpH1Z5dT5MqF40YYLDzDLzmBg", "type": "Ed25519Signature2018", "created": "2024-04-10T09:19:16.461Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-10T09:19:16.461Z", "expirationDate": "2024-07-09T09:19:16.461Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE69d24DD645d3d6A9985665Dc0D5f8D57597e915", "hash": "v0.0.0:W6cDihN8UHwmbV73TqRyiRfQ+VAbuda7kG5XD/bK1VE=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#FeeFreeFi"}}}, "description": "Our project aims to become the decentralized Robinhood of the blockchain industry. \n\nIn the Ethereum ecosystem, Uniswap is the leading decentralized exchange, but it charges fees ranging from 0.05% to 1% on LPs, which are ultimately borne by regular users.\u00a0\n\nFeeFree model and revenue strategy are unique(Zero-fee swapping). Instead of charging transaction-based fees like most DEXs, we will charge a flat gas-fee per transaction(< 0.1u/tx), regardless of the transaction volume.\n\nWe already have angel investments, which are mainly used for product development. We are applying for a grant to primarily focus on initial liquidity, market expansion, and marketing efforts to make more users aware of a zero-fee DEX.\n\nWe believe that there is currently a lack of a zero-fee DEX in the market and we aim to have more than 10,000 active users. We consider achieving this goal as a success, similar to how the CanCun upgrade reduced gas fees for all L2 transactions. Our goal is to provide zero-fee transactions to every user.\n\nAfter the CanCun upgrade, gas fees on Ethereum's Layer 2 solution have significantly reduced. FeeFree, with its zero-fee transactions, has the potential to attract users from other public chains to trade within the Ethereum ecosystem. This will lower transaction costs within the Ethereum ecosystem. FeeFree can give Ethereum a competitive advantage in the competition with other chains like SOL.\n\nWhat are you going to research? What is the expected output?\n\nWe primarily focus on zero-fee transactions for DEX. How do we achieve zero-fee transactions? We set the fee standards for liquidity providers (LP) to be 0.\n\nWhile, what incentives do LPs have to provide liquidity? We plan to use the funding we receive to add initial liquidity and may set a certain lock-up period. We will also use all the transaction gas fees received from FeeFree to reward the liquidity providers. Additionally, we intend to use a portion of the funding to reward the initial liquidity providers, attracting more participants to provide liquidity during the initial phase.", "logoImgData": {}, "projectGithub": "FeeFreeFi", "projectTwitter": "FeeFreeFi"}
name: FeeFree