Bonfida’s Weekly Newsletter: 16/03/2021

Welcome to our weekly newsletter!

Get ready to discuss the following:

  • New FIDA ATH
  • Bonfida Bots
  • What is Oxygen?

Want to know more?

Read on!

Key Performance Metrics:

Weekly volume was $48,444,363, this is down 26% from $65,407,738 last week. The fortnightly average is $56,926,050.5. After a couple of weeks post Raydium launch we can see that the volume has returned to its normal range of mid 40-to-65-million-dollar range, with a 7-day volume average of $6,920,623.

We are anticipating that next week we will see a significant volume increase with new users and current users on the DEX for the Oxygen IDO.

Announcements:

$FIDA REACHES $2 — NEW ALL TIME HIGH

This week $FIDA exceeded for the first time $2.

GOVERNANCE VOTE — $SECO TO ADD OXY

One of the key utilities of the FIDA token is to vote in key decisions. This week we held our first ever vote to determine if $OXY should be added to the Serum Ecosystem ($SECO) token. The community had an overwhelming vote in favour of adding OXY to SECO.

The following Sunday 21st of February there will be a rebalance, SECO will now contain: SRM, SOL, FIDA, LQID, MAPS, RAY & OXY

Voting in governance decisions does not cost you your FIDA. You are returned it after the vote is completed.

BONFIDA BOTS 🤖

On Monday we launched Bonfida Bots.

This enables everyday traders who have a winning strategy to help others profit. As a strategy creator you can profit from others using your strategy.

  • Fees are split between the signal provider and a FIDA buy and burn
  • The person designing the rule i.e the signal provider has 100% control over the fee schedule.
  • People can tokenize a strategy as an SPL token
  • Bonfida Bots can natively be integrated into TradingView

Want to know more? Read our Help section 👇

https://bots.bonfida.com/#/help

Learn how to use TradingView with Bonfida Bots 🤖 👇

https://www.youtube.com/watch?v=6BFmyi0qnEI

Developments & Explainers:

WHAT IS OXYGEN?

Oxygen is an on-chain prime brokerage built by a team from Goldman Sachs, on the liquid and growing Serum ecosystem, running on Solana’s scalable blockchain, and seeded by the 140m users of Maps.me, an on-chain mapping and fintech application.

Oxygen Protocol will start by building a prime brokerage designed to cater to the needs of DeFi applications and users. Oxygen is built around Pools, or baskets of assets that take collective actions. By having a permission-less, cheap, and scalable prime brokerage protocol, Oxygen will democratize borrow-lending and make it more efficient for all participants.

Visit Oxygen’s Medium to learn more: https://oxygenprotocol.medium.com/

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None of the above is financial advice.

Bonfida does not provide services to personal accounts of current residents of the United States of America, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, or Antigua and Barbuda.

FIDA is not offered within the United States or prohibited jurisdiction.

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Follow us on our socials to keep up to date on any announcements.

Reddit: reddit.com/r/Bonfida/

TG Announcements: http://t.me/BonfidaANN

Telegram: https://t.me/bonfidatg

Website: bonfida.com

Twitter: twitter.com/bonfida

Discord: https://discord.gg/hn4tTcZ7

Medium: https://bonfida.medium.com/

Price Chat: https://t.me/FIDAtrading

Chinese Chat: https://t.me/bonfidacn

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