Today, Hashflow, a leading multichain trading platform in the decentralized finance landscape, announced that it will allow fees, following the community governance vote in mid-October, which passed with a near-unanimous vote.
The implementation of fees on Hashflow will represent the first revenue stream adopted by the platform and will be dynamic in nature depending on the specific asset pair being traded. The fee is “incorporated directly into the quote and paid automatically when the transaction is completed.”
According to Varun Kumar, co-founder and CEO of Hashflow, “We are happy to announce that Hashflow will be introducing trading fees starting today, following the approval of the proposal through DAO governance. This is an important milestone for the protocol, which we believe will strengthen Hashflow’s position as a leading multi-chain decentralized exchange. By distributing fee proceeds to the token stakers and the Foundation, this proposal creates a sustainable model that will benefit all stakeholders in the Hashflow ecosystem.”
Compensation distribution
Unlike recent fees imposed by rival platform Uniswap, Hashflow’s new levy will be used in no small part to create value for existing stakers of the HFT token.
According to a press release shared in advance with BSC News, the distribution of the compensation will be as follows:
- 50%: Allocated to stakers of the HFT token.
- 30%: allocated to the community treasury for use in HFT buyback initiatives.
- 20%: allocated to the Hashflow Foundation to cover operating costs.
Hashflow today
According to a release, Hashflow is a decentralized multi-chain exchange (DEX) that allows users to trade digital assets in seconds on leading blockchains including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism and Polygon. Unlike AMMs, Hashflow uses a request for quote (RFQ) model to provide traders with guaranteed quotes directly from professional market makers (PMM), eliminating inefficiencies found in decentralized finance (DeFi), including slippage and MEV.
According to Hashflow’s website, the platform has already seen around $16 billion in trading volume across prominent networks such as Ethereum, BNB Chain and Arbitrum.
