LIFI is thrilled to support MagicFox in their mission to provide low slippage swaps and optimize yield for users. With the integration of LI.FI’s Widget users can now explore the cross-chain universe across 17+ EVM-compatible chains and leading Layer-2s like Arbitrum & Optimism without needing to leave MagicFox’s dApp! As LIFI announced their Collaboration with MagicFox.

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About MagicFox

MagicFox is a multichain DEX and yield optimizer using Solidly ve(3,3). With MagicFox, users can trade their favorite crypto assets with low slippage ensuring they receive the best available price. It is currently live on Binance Smart Chain, Arbitrum, and Polygon.

Here are some features that separate MagicFox from other DEXs:

• Multichain – MagicFox is live on Binance Smart Chain, Arbitrum, & Polygon.
• Optimizer – MagicFox offers users the opportunity to earn compound interest on investments by staking in vaults. Additionally, the optimizer automatically maximizes your passive income potential by compounding earnings automatically.
• Revenue Sharing – Lock MagicFox’s utility token FOX & SHROOM to earn 25% of Swap and Optimizer fees + 10% of Launchpad fees.
• Voting & Bribes – Lock tokens to vote on FOX & SHROOM emissions distribution. Earn bribes from the gauges you vote for.

Website | Twitter

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About LIFI

The most advanced bridge and DEX aggregator with smart routing capabilities to find the best route to move any asset on any chain, to another asset on another chain. They have added support for 13 bridges across 15+ EVM-compatible chains, along with all DEX aggregators & DEXs on those chains, into a single solution that is available as an SDK, Widget, or API.

Website | Twitter

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SOURCE: LIFI BLOG

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In this Navigation Guide, we will introduce you to MagicFox and provide you with insights into its features and benefits.

Introducing MagicFox

MagicFox is a swap and yield optimizer protocol that offers solidly tokenomics model ve(3,3) and is designed to provide investors with multiple passive income streams. Additionally, the protocol offers B2B services to other protocols, making it a versatile solution for the DeFi ecosystem.

Deep Liquidity and Multiple Fee Tiers

With MagicFox, you can enjoy deep liquidity on multiple chains and multiple fee tiers, providing you with a low slippage and a large selection of tokens. Whether you are a trader or liquidity provider, MagicFox offers you the flexibility to choose the best fee tier that suits your trading or investment strategy.

Auto-Compounding Vaults and its Benefits

One of the main products of MagicFox is its optimizer, which offers auto-compounding vaults to its users. This feature saves time, gas costs, and provides maximum return on investment by auto-compounding yields. By using the auto-compounding vaults, users can earn passive income without the need for constant monitoring or manual compounding.

Special Features of MagicFox Optimizer

What will be special about MagicFox optimizer is that it will have multiple fee tiers, just like for liquidity pools on the swap. This feature will provide users with the flexibility to choose the best fee tier that suits their trading or investment strategy. Additionally, users will be able to vote on SHROOM emissions going to vaults, giving them governance rights and decision-making power. Furthermore, MagicFox will share revenue collected from optimizer fees, providing a source of passive income for users.

Multichain Protocol

MagicFox is a multichain protocol that operates on Binance Smart Chain (BSC), Arbitrum, and Polygon. As a result, users can benefit from the flexibility and scalability that comes with operating on multiple chains.

Solidly Tokenomics Model ve(3,3)

MagicFox’s tokenomics model ve(3,3) is designed to provide investors with superior benefits. By locking native tokens, users can vote on emissions distribution and earn bribes and fees from voting. Additionally, staking APR (rebase) reduces dilution, making it a more profitable investment in the long run.

Native Token Benefits

By holding MagicFox’s native tokens, users can enjoy various benefits, including governance rights and earning opportunities. By locking $FOX and $SHROOM, users can vote on emissions distribution and increase their yields while earning bribes, swap, and optimizer fees. 

Moreover, the longer you lock your tokens, the more benefits you can enjoy.

Conclusion 

MagicFox is an innovative decentralized exchange and yield optimizer protocol that offers a versatile solution for the DeFi ecosystem. With its superior tokenomics design, the protocol brings enormous benefits and passive income opportunities to native token holders.

MagicFox is a game-changer in the DeFi space, and we encourage everyone to take a peek into the world of MagicFox and discover the many benefits it offers.

MagicFox Socials

Website | Twitter | Telegram | GitHub | Discord

FRIENDLY REMINDER:

We deliver these news articles based on our own thorough research. We want to preserve some important information regarding the project that is presented in our column. We value our readers’ opinion and appreciate your valued respect to us. The article above is not financial advice and as we always say “Invest at your own risk and only invest what you can afford to lose”.

The post Navigation Guide | MagicFox – The Innovative DEX and Optimizer Protocol appeared first on Smart Liquidity Research.