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BlazeSwap
Features Roadmap FAQ Bug Bounty
Launch app
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BLAZESWAP

THE FIRST OPEN-SOURCE FULLY DECENTRALIZED EXCHANGE ON THE FLARE NETWORK.

Brought to you by the A-FTSO provider.


FEATURES

Trade any token at the best rates. Provide liquidity to earn commissions and
rewards.
Fast trade settlement, immediate trade finality and extremely low transaction
fees.
Vote for the FTSO provider delegation and claim your rewards. The process is
controlled by smart contracts and mimics the Flare distribution, no more missed
rewards.
Use F-Assets and LayerCake bridged tokens with confidence, the incentives are
distributed to the liquidity providers pro-rata.
Liquidity providers will be able to claim the airdropped tokens on Flare,
without fear of losing their 85% airdrop.
Use the API for advanced interactions, automated trading, flash swaps and price
oracles.


ROADMAP

Q1 2022

 * Development of the Smart Contracts for the Automated Market Maker (AMM)
   Decentralized Exchange (DEX)
 * Implementation of the FTSO provider voting system for liquidity providers,
   with automated rewards claiming and distribution

Q2 2022

 * Deploy of the DEX on the Coston network
 * Development of the Web User Interface

Q3 2022

 * Improvements of the DEX UI, based on users feedback
 * Release of the source code for the Smart Contracts
 * Community bug bounty with SGB prizes
 * Deploy on the Coston2 network

Q4 2022

 * Deploy on the Songbird network
 * Release support for the FLR airdrop

Q1 2023

 * Deploy on the Flare network

Q2 2023

 * Adjustments for the new Distribution smart contracts
 * New deploy on Coston2 for testing the FlareDrop
 * New deploy on Flare with FlareDrop support

NEXT

 * Development of the Auto-Claim feature
 * Support for WalletConnectV2
 * Integration of the F-Assets and their rewarding pool system
 * Integration of the LayerCake bridged tokens and their rewarding pool system


FAQ

All
Fees
Flare
FTSO
Liquidity
Rewards
Security
Tokens
Wallets
Has the platform been audited?
Yes, the platform has been audited by the specialized security firm Omniscia. No
major issues have been found, and all minor issues have been addressed. The
report is available here.
Is there a bug bounty program?
Yes, we have an active bug bounty program to reward users that find severe
issues in the smart contracts of the DEX. For more details look at the dedicated
page.
Will I lose my FTSO rewards if I put liquidity into the BlazeSwap pools?
No, you can safely put your FLR/SGB/CFLR/C2FLR into a liquidity pool and claim
your periodic rewards. The timings, the amounts and the reward expirations are
identical to what you've been used to, the only difference is the interface to
claim them. We don't select the FTSO providers on your behalf, the liquidity
providers can vote for their preferred provider.
Will I lose the Flare Airdrop (FlareDrops) if I put liquidity into the BlazeSwap
pools?
No, as for the FTSO rewards, on the Flare and Coston2 networks you can claim
your monthly FlareDrop. The systems uses the same 3 snapshots to distribute the
airdrop to the liquidity providers, so the timings, the amounts and the
expiration match what you'd expect.
What tokens can I trade?
You can trade any ERC-20 compliant fungible token. There is a curated list of
known ERC-20 tokens that is pre-defined, but you are free to add any new token.
Non Fungible Tokens (NFTs) are not supported.
How can I get some free tokens to play with the DEX?
On Coston/Coston2 we have deployed a few test tokens you can play with. You can
either exchange your CFLR/C2FLR for one of them, or you can directly mint them
here.
Is there a BlazeSwap token or NFTs?
No, we don't think the platform needs a governance or a utility token and we
don't want to make money by issuing a (useless) token. The LP tokens are enough
to vote for providers delegation and anyone can add new tokens and pair, so
there is no need for a BlazeSwap token or NFT.
Will you add farming pools?
No, since there isn't a BlazeSwap token there won't be farming pools. Liquidity
providers will earn tokens from the trading fees, trading is the main purpose of
a DEX and trading fees are the main source of revenue. We don't want to attract
liquidity by deceiving people into thinking that they will earn a (useless)
token.
What are the trader and liquidity provider fees?
As a trader, every swap will have a fixed 0.3% fee. As a liquidity provider you
will get your share of such 0.3% fee, pro-rata.
What are the platform fees?
The platform currently has no fees. Any fee activation will be announced at
least 15 days in advance. The allowed fee percentages are hard-coded in the
smart contracts and we cannot increase them, so there is no risk you'll get
charged more than expected. Our swap fee, when enabled, will be 0.05%, that has
to be substracted to what the liquidity providers will get. So for the trader
it'll remain 0.3%, while the liquidity providers will get their 0.25% pro-rata.
Other fees might be enabled (and disabled as well) on the Flare generated
rewards, always within the hard-coded limits.
As a liquidity provider may I incur in an "impermanent loss"? What is it?
Yes, the impermanent (sometimes called divergence) loss is the effect caused by
the difference of the pool rate between the time you provided liquidity and the
time you withdrew it. It's called impermanent because it can be nullified if the
price returns to the same value as when the liquidity was added, and the loss is
only realized when the liquidity is removed. The actual return for liquidity
providers is a balance between the impermanent loss caused by the price
differential and the accumulated trading fees.
What wallet do you support?
Any web3-enabled wallet/browser and any wallet supporting WalletConnect v1
should work with BlazeSwap. We've successfully tested the MetaMask and Rabby
browser extensions on desktop, and Bifrost/D'CENT apps on mobile. We don't
recommend MetaMask Mobile because of a few unsolved bugs that we have
encountered.

Supported browsers: Brave, Chrome/Chromium, Edge, Firefox.

Why does the user interface stop working correctly after a few transaction with
MetaMask? Is your app broken?
While we cannot exclude bugs in our frontend app, you are probably hitting the
rate limit of the public Flare RPC endpoint. Unfortunately MetaMask does a lot
of RPC calls for each transaction. We suggest to either switch to a different
wallet or to use a node with a higher limit. You can get a subscription, with a
free plan including 1000 requests/day, from the Flare API Portal.
Why I don't see my pools with custom tokens, or rewards from pools where I
removed my liquidity, when using the in-app Bifrost browser?
Bifrost is currently running the in-app browser in incognito mode. This means
that all settings, including the added custom tokens and the list of pools from
which you removed your entire liquidity, are wiped when the page is closed. This
behavior might change in future, but in the meantime we've added shortcuts to
re-add the token/pool from the Pools and Rewards pages.
Is it possible to do swaps via API, without the web interface?
It's possible to directly call the smart contracts, the workflow is very similar
to Uniswap V2. We published a npm package with the contracts' interfaces and
their artifacts that you can use in plain JavaScript or in TypeScript with
TypeChain. We'll likely provide a SDK in the future. Get in touch with us if you
are a wallet provider and would like to integrate swaps in your app.
Why don't you have a cookie banner on your website? Are you not GDPR compliant?
We haven't a cookie banner because we are not setting any cookie. We are
strongly against trackers and advertisement.
Official addresses
Select chain Coston Coston2 Songbird Flare
 * Factory address:
   0x440602f459D7Dd500a74528003e6A20A46d6e2A6
 * Router address:
   0xe3A1b355ca63abCBC9589334B5e609583C7BAa06

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