deFIRE is a low-latency smart order routing engine implemented on the Cardano blockchain. The company recently raised $5 million, expanding infrastructure, hiring more people, and scale operations by expanding platform bandwidth.
The demand for defi has been insatiable, with traders willing to pay higher fees on Ethereum in exchange for complete leverage over their decentralized trading. deFIRE, a project led by Changelly and incubated by Occam. fi, will provide users with token swaps, order routing across DEXs, and vertical support between order flows and execution venues.
Morningstar, SwissBorg Ventures, Lotus Capital, MoonWahle, Hype Partners, Axia8 Ventures, Newtribe Capital, GenBlock, Sheesha Finance, IBA, Exnetwork, Nodeseeds, and CoinsGroup have all contributed $5 million to deFIRE’s vision.
Trading that is friendly to institutions
Cardano Has Begun To Bloom
Cardano generates a lot of buzz in crypto circles now that smart contracts have been deployed on its blockchain. DeFIRE, one of the first projects, is proof of this.
On May 21, deFire’s IDO will be hosted on the OccamRazer website. By May 14, users can earn CED incentives by staking at least 150 OCC tokens.
Following the Initial DEX Offering, deFIRE will introduce deFIRE DAO, which will decentralize the governance of its defi ecosystem. Users who stake their tokens in the governance token will be able to propose and vote on protocol improvements.
deFIRE is the first protocol of its kind in the Cardano ecosystem, providing a low-latency decentralized order router that will power the network’s onchain trading. The Cardano group is looking forward to deFire’s debut, which promises to link to the deepest pools of onchain liquidity and create its own native pool.