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Why did we invest in Bonfida?

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Bonfida DEX provides a seamless graphical user interface for SERUM trading. Why is it so important?

原文标题：《我们为何投资 Bonfida？》

Source: Han Quan

Introduction to the

Bonfida DEX provides a seamless graphical user interface for SERUM trading. Why is it so important?

In 2018, the blockchain ecosystem learned the lesson that decentralized applications (dApps) won't be widely used if their user experience isn't superior to that of a centralized application. In short, in order to facilitate the adoption of dApps, decentralized solutions need to be refined in terms of user interface (UI) and user experience (UX).

* does not constitute financial advice

DEX and Serum

Interest in the Decentralized Finance (DEFI) aspect has grown over the past year and usage has increased dramatically. Decentralized exchanges such as Uniswap (DEX) are particularly popular. As the next generation of DEX, Serum (https://projectserum.com/) is the world's first offer without the third party trading trust across chain and completely decentralized derivatives exchange. The SERUM platform has the advantage of providing a trading mandate ledger that integrates various core trading functions (see below for more details). In addition, for SERUM to reach its full potential, its UI/UX experience needs to be comparable to the best centralized exchanges in the ecosystem.

Why Bonfida?

It is this need for intuitive, seamless and visual UI/UX that makes Bonfida Dex crucial to the continued health of Serum Dex. Bonfida provides a seamless user front end to SERUM trading.

In a short period of time, the user graphical interface provided by Bonfida has become the preferred way for users to conduct SEROMA trading, and the Bonfida API has been widely embraced by the platform's large market makers, with weekly API requests growing by 25%. The Bonfida REST API provides data directly from Serum DEX. According to the latest statistics available at the time of this writing, Bonfida's SERUM API has been requested 8.7 million times.

Source:https://twitter.com/bonfida/status/1338343464031948801

Bonfida handles nearly half of Serum DEX's daily turnover of approximately $222 million. Bonfida has emerged as the first choice to access SERUM.

We believe that DEX will become a strong alternative to centralized exchanges, and that is the trend. SERUM has the potential to rise to the top of the industry and eventually become a market leader. Bonfida will help Serum accelerate its growth and provide it with a differentiated product offering that differentiates it from its competitors.

Serum's flagship front end

To understand why Sino chose to invest in Bonfida, we need to look at Serum's strengths. SERUM provides the unique features of DEX, including:

Completely peer-to-peer, without the cumbersome intermediate steps of a centralized exchange. Because of the point-to-point architecture, fees are usually lower. Dex does not require escrow, meaning that users do not need to escrow crypto assets to a third party to conduct transactions, and can use the hardware wallet to ensure the security of using the platform. A fully decentralized and transparent trust book for transactions.

We believe these features will be very attractive to certain user groups. For a Dex like SERUM to reach its full potential, Bonfida is one of the best examples of a seamless user front end experience that is easy to use.

The core function

Bonfida aims to provide SERUM DEX with the full functionality of a centralized exchange, such as trading robots, NFT exchanges, a straightforward graphical user interface, wallets, and more.

Serum offers a decentralized trading proxy book through Bonfida

Recent additions include:

Trading history, market orders, and a TradingView chart that tracks real SERUM data on the chain. A help center that provides customer service. Work with market makers to access as many liquid markets as possible. The introduction of FTX's exclusive leverage token at SERUM through Bonfida.

The FTX Bull leverage token on SERUM was introduced through Bonfida

Bonfida's TradingView chart

FIDA pass card

Bonfida's native token, Fida, will be fully integrated into the platform and Bonfida will have governance rights over all fees earned on the platform. FIDA accumulates all its value through the following products and services:

Bonfida Serum Front End: To help Serum DEX perform its maximum function, Bonfida Serum Dex will provide traders with the best features and experiences, such as charts and wallets.

Bonfida Serum API: This API is currently used by Coingecko, CoinMarketCap, and some of the largest market makers in the industry. This is done to extend the functionality to give users the experience of a centralized exchange while providing the functionality of a decentralized exchange. SERUM Dashboard: The Dashboard integrates all SERUM modules including SERUM GUI, swap trading, lending and pledging into one. Bonfida Trading Robots: On-chain trading robots for SERUM. Further to Serum's goal of bringing a full-featured experience to its users, the team also created the Bonfida trading robot. Users can now create on-chain trading bots that fully automate trading using a variety of technical metrics. In addition, a more practical feature has been added to this native token, allowing users to earn Fida by selling subscriptions to their policies. Solible: The NFT exchange built on top of SERUM and Solana. The Bonfida team has injected fresh blood into the promotion of NFT by establishing the Solible platform (https://solible.com) that supports decentralized trading of NFT.