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]}.

Overview

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].

Key Features

SailFish Finance incorporates several key features:

• Native Batch Transactions: Allows users to bundle multiple actions into a single transaction, saving gas fees and improving user experience ^[1].
• Fee-Sharing Rewards: Distributes 100% of protocol fees, including bribes, to SailFish users ^[1].
• Smart Split Router: Functions as a DEX aggregator, dividing swaps across multiple routes to minimize price impact and reduce fees ^[1].
• Fair Fungible Vote Token: Introduces fungible voting tokens to ensure equal lock-up conditions and immediate liquidation via the $SAIL/veSAIL pool ^[1].
• Concentrated Liquidity Pools: Farming for concentrated liquidity pools ^[2].

Technology

SailFish's technology includes:

• Vote-escrow (ve) Mechanics: Encourages users to lock tokens for voting power, fee-sharing rewards, and increased liquidity incentives ^[1].
• (3,3) Game Theory: A cooperative strategy where participants work together by staking and holding tokens, maximizing rewards and stabilizing the protocol ^[1].
• Singleton Vault: A structure that allows users to bundle multiple actions into a single atomic transaction ^[1].
• Smart Split Router: A DEX aggregator that divides swaps across multiple routes to minimize price impact ^[1].

Tokenomics

SailFish uses two tokens:

• $SAIL: An ERC-20 utility token for rewards and liquidity incentives ^[1].
• $veSAIL: An ERC-20 governance token used to vote on emissions and protocol changes ^[1].

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].

Use Cases

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].

Partnerships

SailFish is backed by BladeSwap veDEX and OC-Incubator (EDUCHAIN).

Real-Time Voting

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].

Smart Split Router

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].

Fair Fungible Vote Token

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].

V3 Liquidity Provision

SailFish provides V3 Liquidity Provision ^[3].