Solana Name Service

Serum

Solana

DeFi

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bonfida-coin-bridging-the-gap-in-solanas-defi-ecosystem" rel="noopener noreferrer nofollow">Bonfida Coin: Bridging the Gap in Solana’s DeFi Ecosystem</a><br></p>
<p style="text-align: justify">In the rapidly expanding decentralized finance (DeFi) landscape, Bonfida stands out by streamlining the trading experience across the Serum, <a href="https://en.bitcoinhaber.net/solana-mobiles-new-cryptocurrency-integrated-smartphone-model" rel="noopener noreferrer nofollow">Solana</a>, and Serum DEX platforms. Introducing the pioneering Serum GUI, Bonfida consolidates its position as an all-inclusive hub that mirrors the heavyweight platforms on Ethereum’s network by rolling out the first Solana-specific data analytics tools.</p>
<h2 id="the-role-and-impact-of-bonfida-fida">The Role and Impact of Bonfida (FIDA)</h2>
<p style="text-align: justify">Built atop the Solana blockchain, Bonfida comprises a suite of innovative products including the first perpetual swaps on Solana. The native FIDA token infuses value into the platform by being integral to product functionality, fee structures, staking rewards, and governance decisions.</p>
<p style="text-align: justify">Bonfida’s offerings are wide-ranging, encompassing a decentralized naming service, the inaugural SPL token vesting contract that has passed auditing, and bots that facilitate the creation of trading strategies with TradingView integration. The platform also engages in decentralized purchase and burn operations.</p>
<p style="text-align: justify">Bonfida’s inception predates its product offerings, starting as the initial project to provide API services within the Serum ecosystem, which also included hosting the esteemed Serum DEX from its inception in September 2020. Recognizing the demand for enhanced DeFi user experiences, Bonfida introduced the ‘FIDA’ token in December 2020.</p>
<p style="text-align: justify">Contributions by Bonfida include the development of The Asset Agnostic Orderbook (AOB) for the Serum core engine, tools for seamless transactions via the Solana Name Service, and the creation of a smart contract in partnership with Cope to facilitate token transfers. The overarching aim is to make the Solana blockchain more user-centric through its products.</p>
<h2 id="enhancing-defi-accessibility-with-fida-coin">Enhancing DeFi Accessibility with FIDA Coin</h2>
<p style="text-align: justify">FIDA coin has seen heightened interest, particularly after its listing on Binance, reflecting its established service history. Investors, who have recently been keen on FIDA coin, remain vigilant and tend to adopt a cautious stance.</p>
<h2 id="acquiring-bonfida-coin-made-simple">Acquiring Bonfida Coin Made Simple</h2>
<p style="text-align: justify">Procuring FIDA Coin is facilitated through Binance, the largest global cryptocurrency exchange by trading volume. To purchase FIDA Coin, users need to register with Binance, deposit fiat currency, and trade it for FIDA using various pairs such as <a href="https://en.bitcoinhaber.net/bnb-chain-proposes-a-new-initiative-to-reduce-token-liquidity" rel="noopener noreferrer nofollow">BNB</a>, BUSD, <a href="https://en.bitcoinhaber.net/tether-partners-with-celo-to-enhance-stablecoin-accessibility" rel="noopener noreferrer nofollow">USDT</a>, or BTC.</p>
<p style="text-align: justify">On Binance, users have the flexibility to place orders for FIDA not just at the current market value but also at predetermined lower prices through the utilization of the Limit tab, setting the amount and price as per their preference.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bonfida-coin-bridging-the-gap-in-solanas-defi-ecosystem" rel="noopener noreferrer nofollow">Bonfida Coin: Bridging the Gap in Solana’s DeFi Ecosystem</a></h5>

Bonfida Coin: Bridging the Gap in Solana’s DeFi Ecosystem

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