Foxify Whitepaper
  • Introduction
  • Trading
  • Technology
  • Liquidity Provision
  • Tokenomics & Fees
  • Other Features
  • NFTs
  • Affiliate Progam
  • Go-To-Market
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Tokenomics & Fees

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Last updated 1 year ago

Tokens

Foxify: May be staked to earn a share of platform fees. Yield will be paid in 50% stable, 50% Foxify tokens. Stakers will have the option of auto-compounding into the Foxify staking pool, or auto staking yield into the perps LP.

PLP: PLP is the liquidity provider token for the perps liquidity pool.Stake to earn an ETF of majority Bluechip & stables.

Fees

Perps: Standard 0.1% in/out fee for trades. 0.05% Borrow fee for leverage.

P2P Options: 0% Fees for placing/losing a trade. 0.75% Fee taken on the winning side.

Rewards

Up to 3% of platform fees are awarded to traders based on highest volume, for trading competitions & team contests.