Enhancing the MetaDEX model through Blast Native Yield

Fenix has a powerful model that is not possible on other chains. Usually DEXs rely on trading fees and/or protocol incentives to generate revenue. This is also true for Fenix, however, through Blast Native Yield there is an additional source of revenue that will allow Fenix to more efficiently build and maintain liquidity for protocols and core ecosystem assets, which will facilitate the best prices on swaps for traders.

Blast Native Yield is an improvement in L2 technology that allows liquidity deposits of USDB & ETH on Fenix to accumulate underlying yield. By redirecting this yield through the RISE Programme as protocol and user incentives and to LPs in FNX pools, the power and capital efficiency of the MetaDEX design is increased significantly.

To provide some context, Aerodrome (where the MetaDEX design originated) is the top revenue generating DEX in DeFi and is operating as the liquidity hub for BASE. Through higher revenue potential that comes from Blast Native Yield, Fenix is improving the MetaDEX model with a goal to establish Blast as a highly attractive place for protocols to deploy and build liquidity amongst a highly competitive ETH L2 landscape.