What is FTDex ($FTD)?
FTDex ($FTD) is the liquidity provider token of FTDEX Finance on Arbitrum. FTDEX Finance is an easy-to-use built-in decentralized trading protocol that supports low swap fees and zero price impact on trades. FTDEX aims to become the fit solution for traders who want to stay in control of their funds at all times without sharing their personal data.
The innovative design gives many advantages over other existing DEXes. Dynamic pricing is relying on Chainlink and an aggregate of prices from leading volume exchanges to protect traders against liquidation events. Instantly trade cryptocurrencies, tokens, and NFT assets,... No registration or account is required. Manage everything in your private wallet. Many special features are also built to create a diverse ecosystem where everything you look for in trading and profit is there.
FTDex consists of an index of assets used for swaps and leverage trading. FTDex can be minted using any index asset and burnt to redeem any index asset. The price for minting and redemption is calculated based on: The total worth of assets in the index including profits and losses of open positions / FTDex supply Lottery Playing the FTDEX Lottery gives you a chance to win huge FTDex prizes!