What is Liquify Network?

Liquify Network is a permissionless liquidity market, community oriented ve(3,3) on CoreDao. It's a decentralized exchange built on CoreDAO that offers low-cost token exchanges and reduced swap fees, using a governance model called the ve(3,3) system, which was developed by Andre Cronje and introduced in Solidly. This system rewards active user participation through voting, bribes, and decisions on whether to lock or unlock the governance token. When a majority of users lock their tokens, they can enjoy the economic benefits of the ve(3,3) model, including increased token yield, and reduced inflation of native tokens while controlling the circulating supply of the token.

When you make a trade on the LIQUIFY DEX, you will pay a between 0.02% (stable pairs) and 0.4% fee (volatile pairs). 50% of the fees are returned to the veLIQUIFY holders every week while the other 50% goes to the treasury. Most of the fees accumulated by the treasury will be used to buy back LIQUIFY tokens and build a deep liquidity on the LIQUIFY-CORE pool over time.