Nodeseeds invests in deFIRE

Another fantastic Nodeseeds investment. We’ve helped to capitalize deFIRE, a liquidity optimization platform built on Cardano and incubated by Occam.Fi.

The deFIRE Investment

A man walks into a bar and asks for a drink. The bartender brings him a half-empty glass. When asked about the amount, the bartender replies, “Sorry, but the tap you chose isn’t very liquid.” While not a common occurrence at bars, poor liquidity is a constant issue in DeFi. Executing a transaction only to find out that you’ve paid more than you expected is a painful feeling.

deFIRE’s Strategy

Executing orders on the deFIRE network is a straightforward process. Similar to traditional decentralized exchanges, users select the order type and their transaction amount. The deFIRE magic happens as soon as users submit their order for execution. The protocol automatically routes the user’s payment to the exchange with the best rate and deepest liquidity, assuring the best price and minimal slippage.

Great Community, Great Partnerships

Once again, the Nodeseeds community helped to foster this fantastic win-win for our respective communities. The community-driven investment ethos defines the Nodeseeds brand, and we couldn’t be happier with its recent growth. The Nodeseeds team and community identified these same community-centric values in deFIRE, allowing us to continue to foster mutual wins through our investment strategy.

Official links — deFIRE

Website
Twitter
Telegram
Telegram — Announcements

Official links — Nodeseeds

Website
Twitter
Telegram
Telegram — Announcements

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