Switcheo Labs, a pioneering force in the blockchain industry, is excited to unveil Fluo Finance, a revolutionary market-making and incentivization platform designed specifically for perpetual decentralized exchanges (Perp DEXs). Fluo Finance represents a significant leap forward in liquidity provision within the decentralized finance (DeFi) ecosystem, empowering users to execute market-making strategies seamlessly across multiple chains and DEXs
July 13, 2023 / Blockchain Press Media / Singapore /: Fluo Finance introduces the industry’s first omnichain liquidity platform, revolutionizing the accessibility of market making for both expert and non-technical users. With Fluo Finance, users can participate in liquidity provision, regardless of their technical expertise, thanks to its automated and user-friendly approach.
During the initial phase, Fluo Finance will support Ethereum, Arbitrum, Carbon, zkSync Era, and BNB Chain, with plans for rapid expansion to include additional chains in the near future. This expansion will extend Fluo Finance’s reach, enhancing liquidity and trading possibilities across diverse DeFi ecosystems.
The primary objective of Fluo Finance is to generate consistent market-making returns for users within the DeFi landscape. By leveraging Fluo Finance’s advanced features, market participants can efficiently deploy liquidity across multiple chains and DEXs, maximizing their earning potential. Fluo Finance’s market-making capabilities empower liquidity providers to optimize capital allocation effectively, while its dynamic nature ensures liquidity remains fluid and adaptable to changing market conditions.
Fluo Finance goes beyond traditional market-making by incorporating unique gauges, incentives, and bonding mechanisms. This comprehensive approach enables DEXs and protocols to incentivize user liquidity and loyalty, creating a mutually beneficial environment for all participants. Liquidity providers (LPs) can earn rewards and benefits while contributing to the growth and development of the broader DeFi ecosystem.
“At Switcheo Labs, we continuously push the boundaries of what is possible in DeFi,” stated Ivan Poon, CEO of Switcheo Labs. “Fluo Finance introduces an all-encompassing solution that elevates market making and incentivization mechanisms, benefiting both individual users and the DeFi space as a whole.”
To ensure a seamless user experience and gather valuable feedback, Switcheo Labs will conduct a comprehensive testnet phase before the official launch of Fluo Finance. During this phase, users can familiarize themselves with the platform, explore its features, and provide input to further enhance performance and functionality.
Switcheo Labs is excited to announce the upcoming integration of Fluo Finance within Demex, a leading decentralized exchange on Carbon. This integration, scheduled around July, will unlock enhanced liquidity on Demex’s perpetual markets through Fluo Finance, providing users with new opportunities for yield generation via Fluo’s market-making vaults.
Stay updated with the latest developments and announcements regarding Fluo Finance by visiting the official Fluo Finance Twitter account, the Fluo Medium page, or by exploring the documentation available on the Fluo Finance website.
Switcheo Labs continues to drive innovation in the blockchain industry, and Fluo Finance represents yet another milestone in its mission to reshape and enhance the future of decentralized finance.
About Switcheo Labs
Switcheo Labs is an experimental think tank that combines the brightest minds with a cutting-edge software development lab. We focus on nurturing ecosystems that are forming the foundation of a new, decentralized world – one that thrives even without trust.
About Fluo Finance
Fluo is the first omnichain liquidity platform helping users perform market-making strategies on any chain, and on any decentralized exchanges in an automated and dynamic way. The aim is to generate market-making returns to users over time all across crypto, while also having a gauge, bribing, and bonding mechanism to allow other DEXs and protocols to incentivize your liquidity and loyalty.
Name: Pietro Curto
Company Name: Switcheo Labs
We apply creativity, strategy, design, and data to bring forth the best possible growth solutions for our clients.