# SailFish Finance > SailFish Finance is the first native veDEX on EDUCHAIN, distributing 100% of fees and powering liquidity for EduFi. It blends vote-escrow (ve) mechanics and (3,... - Canonical URL: https://iq.wiki/wiki/sailfish-finance - Categories: Projects & Protocols - Tags: Layer 1, DEX, DeFi, Infrastructure - Created: 2025-06-03T14:29:37.743Z - Last updated: 2025-06-03T14:40:26.240Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **SailFish Finance** is a [decentralized exchange](https://iq.wiki/wiki/decentralized-exchange) (DEX) operating on the EDUCHAIN, integrating vote-escrow (ve) mechanics and (3,3) game theory to enhance [decentralized finance](https://iq.wiki/wiki/defi) (DeFi). It aims to provide liquidity for EduFi applications on the EDUCHAIN [[1]](#cite-id-eBjidgLuVo) [[2]](#cite-id-ypowlrEhwg). ## 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 ](https://iq.wiki/wiki/liquidity-pool)and aims to provide minimal price impact during trading via its smart split router [[2]](#cite-id-ypowlrEhwg). 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]](#cite-id-eBjidgLuVo). 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]](#cite-id-eBjidgLuVo). ## Key Features SailFish Finance incorporates several key features: - Native Batch Transactions: Allows users to bundle multiple actions into a single transaction, saving [gas](https://iq.wiki/wiki/gas) fees and improving user experience [[1]](#cite-id-eBjidgLuVo). - Fee-Sharing Rewards: Distributes 100% of protocol fees, including [bribes](https://iq.wiki/wiki/bribes), to SailFish users [[1]](#cite-id-eBjidgLuVo). - Smart Split Router: Functions as a DEX aggregator, dividing swaps [across](https://iq.wiki/wiki/across) multiple routes to minimize price impact and reduce fees [[1]](#cite-id-eBjidgLuVo). - Fair Fungible Vote Token: Introduces fungible voting tokens to ensure equal lock-up conditions and immediate [liquidation](https://iq.wiki/wiki/liquidation) via the $SAIL/veSAIL pool [[1]](#cite-id-eBjidgLuVo). - Concentrated Liquidity Pools: Farming for concentrated liquidity pools [[2]](#cite-id-ypowlrEhwg). ## 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]](#cite-id-eBjidgLuVo). - (3,3) Game Theory: A cooperative strategy where participants work together by [staking](https://iq.wiki/wiki/staking) and holding tokens, maximizing rewards and stabilizing the protocol [[1]](#cite-id-eBjidgLuVo). - Singleton Vault: A structure that allows users to bundle multiple actions into a single atomic transaction [[1]](#cite-id-eBjidgLuVo). - Smart Split Router: A DEX aggregator that divides swaps [across](https://iq.wiki/wiki/across) multiple routes to minimize price impact [[1]](#cite-id-eBjidgLuVo). ## Tokenomics SailFish uses two tokens: - $SAIL: An [ERC-20](https://iq.wiki/wiki/erc-20) [utility token](https://iq.wiki/wiki/utility-token) for rewards and liquidity incentives [[1]](#cite-id-eBjidgLuVo). - $veSAIL: An ERC-20 [governance token](https://iq.wiki/wiki/governance-tokens) used to vote on emissions and protocol changes [[1]](#cite-id-eBjidgLuVo). 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]](#cite-id-eBjidgLuVo). ## 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]](#cite-id-eBjidgLuVo). ## Partnerships SailFish is backed by [BladeSwap](https://iq.wiki/wiki/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]](#cite-id-vr682XvXUc). ## 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]](#cite-id-vr682XvXUc). This eliminates the need for third-party aggregators, saving on upfront fees and positive [slippage](https://iq.wiki/wiki/slippage) while significantly reducing [gas](https://iq.wiki/wiki/gas) costs [[3]](#cite-id-vr682XvXUc). ## Fair Fungible Vote Token SailFish rejects misleading [tokenomics](https://iq.wiki/wiki/tokenomics) by introducing transparent fungible voting tokens, ensuring equal lock-up conditions for everyone and allowing for immediate and easy [liquidation](https://iq.wiki/wiki/liquidation) through the SAIL-veSAIL pool [[3]](#cite-id-vr682XvXUc). As a result, value circulates safely and entirely within the protocol, eliminating the need for third-party wrapper intervention [[3]](#cite-id-vr682XvXUc). ## V3 Liquidity Provision SailFish provides V3 Liquidity Provision [[3]](#cite-id-vr682XvXUc).