Gregory Pudovsky
Revealed: June 04, 2025 at 11:30 am Up to date: June 04, 2025 at 11:20 am
In Transient
Fly.commerce will launch its FLY token on June 6 at 1 PM UTC through Sonic, Binance Alpha, and Kraken to energy incentives, governance, and cross-chain DeFi throughout the Sonic ecosystem.
On the sixth of June at 1pm UTC, the Fly.commerce ($FLY) token era occasion (TGE) formally launches on Sonic, with Binance Alpha and Kraken.
On the middle of fly.commerce( prev. Magpie Protocol) is the native token, $FLY, a subsequent era token mannequin that aligns and incentivizes merchants, stakers, and protocols alike. From quantity based mostly rewards, to emissions, bribes, decreased slippage, income share, and extra, $FLY unlocks alternatives to earn like by no means earlier than.
$FLY Tokenomics: ve(3,3) impressed Mannequin
fly.commerce’s tokenomics make use of a ve(3,3)-inspired mannequin tailor-made for an aggregator-first protocol with xFLY turning each commerce into a chance to earn.
Dealer Incentives: Direct subsidies cut back charges and slippage on high-demand buying and selling pairs.
xFLY: For lively customers who wish to vote, earn bribes, and maximise rewards via staking and buying and selling $FLY in FLY swimming pools.
FLY33: mint your xFLY for set-and-forget participation with auto-compounding rewards and no lock-ups.
Flywheel Impact: By staking and voting, merchants earn extra; the elevated quantity and costs then increase incentives, making a self-reinforcing cycle.
ve33 Governance: Lock $FLY to obtain xFLY, granting governance energy over protocol charges, emissions, and partnerships.
Income Sharing: Protocol charges are distributed to stakers, making a flywheel for long-term holders.
About fly.commerce
Fly.commerce (beforehand Magpie Protocol) is the main liquidity aggregation and commerce execution protocol throughout the Sonic ecosystem. Designed to simplify cross-chain DeFi, Fly.commerce delivers seamless swaps, optimised routing and one-click staking throughout 19+ chains. Fly.commerce is positioning itself because the go-to execution layer for merchants, protocols, and liquidity suppliers.
Provably Higher Pricing: Fly.commerce’s aggregation algorithm constantly delivers higher swap charges majority of the instances than all main aggregators available in the market, minimising slippage and transaction prices throughout 1000’s of quotes.
Trade Main Partnerships: Built-in in Rabby Pockets, TraderJoe( now LFJ), Shadow Alternate, Particle Community, Socket, Relay, Euler, HeyAnon, Symbiosis, Router and plenty of extra to supply swaps with optimised routing.
Confirmed Monitor Report: Over $6.3+ billion in cumulative quantity, 3.1 million swaps and over 260k distinctive onchain customers so far.
Key Benefits: First-to-market cross-chain aggregator powering seamless swaps throughout 18+ chains, supporting nearly each token, together with simple similar and cross-chain asset swaps, cross-chain LST/LRT swaps & deposits, LP token swaps, abstracted bridging, integrations and partnerships with a few of the finest protocols and initiatives throughout the Sonic ecosystem and DeFi as a complete.
Roadmap: Constructing DeFi’s Execution Layer
sixth June, 2025 : $FLY launches on Sonic
Q2 2025: Launch FLY Dashboard, Staking, Emissions, Bribes, and Income Share. Launch Earndrop™. Broaden to EVM chains: Soneium, Summary. Combine Binance and OKX wallets.
Q3 2025: Broaden to EVM chains: MegaETH, Monad, HyperEVM. Broaden to non-EVM chains: Solana, Eclipse. Onboard new protocols and liquidity sources. Launch Swap UI with charts, implement DCA characteristic, and add Restrict Orders.
This fall 2025: Bridge Aggregation 2.0 improve. Order movement monitoring, up to date order routing UI, and launch Fly 2.0: Common Aggregation (Chain-Abstracted UX).
Token Era Occasion (TGE)
Fly.commerce and $FLY are poised to change into the spine of Sonic’s DeFi financial system with a confirmed itemizing on Binance Alpha and Kraken!
Able to commerce smarter?
TGE Date & Time: Friday, June sixth, 1pm UTC
Lock $FLY to obtain xFLY
Earn Passively with FLY33
Token Utility: Buying and selling incentives, decreased charges & slippage on high-demand pairs, bribes, voting, emissions, multiplier on voting and buying and selling.
For detailed tokenomics, roadmap updates, and tips on how to take part within the TGE comply with @flytrade_ on Twitter for real-time updates on the token launch and future developments.
This press launch is delivered to you by EAK Wire, the main Web3 PR Newswire.
Disclaimer
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About The Writer
Gregory, a digital nomad hailing from Poland, will not be solely a monetary analyst but in addition a useful contributor to numerous on-line magazines. With a wealth of expertise within the monetary trade, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is at the moment devoted to writing a guide about cryptocurrency and blockchain.
Extra articles
Gregory, a digital nomad hailing from Poland, will not be solely a monetary analyst but in addition a useful contributor to numerous on-line magazines. With a wealth of expertise within the monetary trade, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is at the moment devoted to writing a guide about cryptocurrency and blockchain.
