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SailFish Finance is a decentralized exchange (DEX) operating on the EDUCHAIN, integrating vote-escrow (ve) mechanics and (3,3) game theory to enhance decentralized finance (DeFi). It aims to provide liquidity for EduFi applications on the EDUCHAIN [1] [2].
SailFish Finance is designed to improve DeFi through concentrated liquidity, dynamic fees, and community-driven governance. As a veDEX, SailFish distributes 100% of protocol fees to its users and token holders. The platform allows users to participate in farming concentrated liquidity pools and aims to provide minimal price impact during trading via its smart split router [2].
Unlike traditional veDEX models that often require long-term token locks, SailFish offers flexibility by allowing users to swap $SAIL tokens for $veSAIL without a lock-up period. This approach increases accessibility and promotes community-driven governance. Inspired by Curve’s vote-escrow mechanics and OlympusDAO’s (3,3) game theory, SailFish seeks to establish a sustainable, user-centric DEX on EDUCHAIN [1].
SailFish utilizes a "Singleton Vault" structure, enabling users to bundle multiple actions, like swaps, liquidity pool (LP) management, voting, and claiming rewards, into a single atomic transaction. The direction of $SAIL emissions to liquidity pools is determined by the community through $veSAIL governance [1].
SailFish Finance incorporates several key features:
SailFish's technology includes:
SailFish uses two tokens:
Users can swap $SAIL for veSAIL at any time, with no lock-up period, and veSAIL tokens can be liquidated through the $SAIL/veSAIL pair on SailFish [1].
SailFish supports EDUCHAIN’s mission to bring the education industry on-chain by providing liquidity for EduFi, enabling applications on EDUCHAIN to access on-chain liquidity and address education-related challenges [1].
SailFish is backed by BladeSwap veDEX and OC-Incubator (EDUCHAIN).
Voting on SailFish has been simplified to farming with fungible ve tokens, where users can click "smart vote" to have the platform handle the calculations [3].
The smart split router works similarly to a DEX aggregator by allowing swaps to take multiple paths, optimally divided by size, to minimize price impact [3]. This eliminates the need for third-party aggregators, saving on upfront fees and positive slippage while significantly reducing gas costs [3].
SailFish rejects misleading tokenomics by introducing transparent fungible voting tokens, ensuring equal lock-up conditions for everyone and allowing for immediate and easy liquidation through the SAIL-veSAIL pool [3]. As a result, value circulates safely and entirely within the protocol, eliminating the need for third-party wrapper intervention [3].
SailFish provides V3 Liquidity Provision [3].