Fenix Finance

A decentralized MetaDEX on Blast — deep liquidity pools, ve(3,3) governance, and real yield for FNX token holders.

Launch App

Fenix Finance by the numbers

$42M+
Total Value Locked
1
Network (Blast L2)
38K+
Unique Wallets
2
Years in Development

Why Fenix Finance

Deep, Incentivized LiquidityFNX emissions flow to pools voted on by veFNX holders, concentrating depth where trading volume actually happens.
Audited CodebaseThe Fenix Finance protocol was reviewed by Hats Finance and Code4rena before mainnet deployment. Reports are publicly accessible.
Real Yield on BlastBlast natively passes ETH staking yield and gas fee rebates to protocols. The team behind Fenix Finance routes part of this yield back to liquidity providers.
Governance With WeightLock FNX for up to two years. Longer locks earn proportionally more veFNX, giving serious participants stronger influence over weekly gauge votes.

Learn more on the protocol overview page or read background material in the knowledge base.

How it works

Connect a wallet — MetaMask, WalletConnect, or any EIP-1559-compatible wallet works. Switch your network to Blast mainnet.
Swap or provide liquidity — The Trade interface routes orders through volatile and stable pools. Routing logic checks multiple hops, similar to how Uniswap v3 aggregates paths.
Lock FNX for veFNX — Choose a lock duration from one week to two years. Longer locks give more veFNX at a 1:1 rate scaled by time fraction.
Vote on gauges — Allocate your veFNX weight to any active liquidity pool each epoch. Pools with more votes receive more FNX emissions.
Claim rewards — Swap fees and bribe incentives from the pools you voted for accumulate weekly. Claim them from the Rewards dashboard at any time.

Key features

Volatile & Stable PoolsTwo AMM curve types cover both correlated stablecoin pairs and uncorrelated asset pairs — each with fee tiers tuned for expected slippage.
ve(3,3) TokenomicsCombines Curve-style vote-escrow locking with cooperative game theory. Voters earn fees from pools they back, aligning incentives between LPs and governance participants.
Bribe MarketplaceProjects can deposit tokens as bribes to attract veFNX votes toward their pool, boosting emissions without modifying core protocol parameters.
EIP-1559 CompatibleAll transactions on Blast respect EIP-1559 gas pricing. Predictable base fees reduce failed transaction rates during congestion.
Blast Native YieldETH held in Fenix Finance's smart contracts automatically accrues Blast's native staking yield, documented further on DeFi principles (Wikipedia).
Referral & Points SystemActive traders and LPs accumulate Fenix Finance points redeemable in future incentive rounds. Referral codes compound point multipliers for both referrer and new user.
Audited SecurityTwo independent security reviews completed. Hats Finance runs a continuous bug-bounty program on the deployed contracts. Code4rena ran an invitational contest in September 2024.

FAQ

What is Fenix Finance?

Fenix Finance is a decentralized exchange (MetaDEX) built on the Blast network, using a ve(3,3) tokenomics model to align liquidity providers and FNX token holders. It launched on Blast mainnet and has processed millions in cumulative swap volume.

How do I swap tokens on Fenix Finance?

Connect a compatible wallet, select the input and output tokens on the Trade page, enter an amount, and confirm the transaction. No registration is required. Gas is paid in ETH on Blast.

Is Fenix Finance audited and safe?

The Fenix Finance protocol has been audited by Hats Finance and Code4rena. Reports are public. That said, all DeFi protocols carry smart-contract risk — never deposit funds you cannot afford to lose.

What is the FNX token used for?

FNX is the native token of the Fenix Finance platform. Holders lock FNX to receive veFNX, which grants voting power over liquidity gauge weights and a share of protocol swap fees distributed each epoch.

Can I provide liquidity if I only hold one token?

Standard pools require two tokens in the correct ratio. Single-sided deposit options depend on the specific pool type available at the time. Check the Add Liquidity interface for current options.

Why should I lock FNX instead of holding it?

Locking FNX converts it to veFNX. This entitles you to swap fees and bribe rewards distributed weekly. Longer lock periods — up to two years — yield proportionally more veFNX voting weight.

What networks does Fenix Finance support?

The Fenix Finance platform currently operates on Blast mainnet. Blast is an EVM-compatible Layer 2 that passes native ETH yield to users and protocols, a design choice distinct from most other L2s.

How does the ve(3,3) model work?

ve(3,3) combines vote-escrowed locking (pioneered by Curve Finance) with cooperative staking game theory. Voters direct FNX emissions toward pools and in return earn trading fees generated by those pools each week.

What fees does Fenix Finance charge for swaps?

Swap fees vary by pool type. Volatile pairs typically carry a 0.3% fee — comparable to Uniswap v2 pools — while stable pairs are lower. A portion of all fees flows directly to veFNX voters each epoch.

How do I vote on gauge weights?

Hold veFNX, navigate to the Vote section of the dashboard, select the pools you wish to support, and allocate your voting weight. Votes are reset at the start of each weekly epoch.

What is the difference between volatile and stable pools?

Volatile pools use a constant-product formula (x·y=k) suited to uncorrelated assets. Stable pools use a curve-style invariant that minimizes slippage between assets trading near price parity, such as USDC/USDT.

Can I use Fenix Finance on a mobile device?

Yes. The Fenix Finance platform is accessible through mobile browsers paired with WalletConnect-compatible wallets such as MetaMask Mobile or Rainbow Wallet. No native app is required.