FODL Finance Price (FODL)

FODL Finance (FODL) Token Price Now

FODL Finance price today is $0.00058 with a 24-hour trading volume of $8,127.39. FODL price is down -6.69% in the last 24 hours. It has a circulating supply of 203.09Mil FODL tokens and a max supply of 1000Mil.
In order to search for real-time and historical information about FODL Finance (FODL) blockchain, including data related to blocks, transactions, addresses, and more, you may use FODL Finance (FODL) block explorers. Here are some of the most popular and useful FODL Finance (FODL) blockchain explorers out there:

• etherscan.io

What Is FODL Finance (FODL)？

Fodl is a fully decentralized leverage trading platform using liquidity from collateral lending platforms like Compound and Aave instead of funding rate and margin markets. The Fodl platform combines several money "legos" of the DeFi ecosystem - flash loans and collateral lending platforms, combined with proprietary position protection bots and cross-asset price indexing - to build a fully decentralized leverage trading platform.

What Makes FODL Finance Unique？

Fodl enables traders to utilize leverage for their trades without paying a funding rate. This leverage is derived from existing DeFi building blocks, Compound and Aave. In essence, traditional DeFi borrow/lend platforms are turned into money markets providing users with leverage by margining your assets to yourself.

Additionally, Fodl follows a decentralized ethos of transparency, low fees, user autonomy， and distributed revenue distribution. All positions and calculations are handled on-chain using live market data, users maintain the keys to their positions and do not send funds to a central pool, or protocol, and Fodl fee revenue is distributed entirely to Fodl LPs via buybacks - essentially decentralizing all protocol revenue.

What Are Fodl fees？

Fodl fees are designed to be simple to understand, transparently calculated on-chain, and low.

• Reward Token Fees

Fodl takes 10% of governance token rewards from the underlying position.

Ie. when a user opens a folded position on Compound, they will receive a certain APR in $COMP.

The Fodl protocol will take 10% of those $COMP tokens as the margin funding rate.

• Profit Share Fees

Fodl takes a 2.5% profit share of appreciating long or short positions.

2.5% is only applied to profit, not principle.

I.e. if the position does not close in profit, Fodl does not take any % of the position.

• Purpose of fees

Reward token fees provide a leverage trading experience with fully decentralized liquidity, where users’ positions pay their own funding rates.

Profit share fees enable low platform fees which do not dig into the principle of users who do not profit.

Unlike fees for opening and closing positions on other platforms, which dig into principle, Fodl shares 2.5% of profitable position gains while unprofitable users go untaxed.

What Is the FODL Token Used for?

FODL is both the governance token of the DAO, incentivize platform users and liquidity providers, and as a utility token for decentralizing platform revenue through token buybacks. Token supply will never be changed, and supply distribution is as follows:

Where Can I Buy FODL Token?

Investing in FODL Token can seem complicated, but it is much easier when you buy FODL Token through a cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold FODL Token — both for fiat money and other cryptocurrencies. Some of the most popular FODL Token cryptocurrency exchanges are:

• CoinW
• Uniswap (V3) 
• BKEX
• AOFEX
• Hoo

FODL Finance (FODL) Community

• Twitter: https://twitter.com/FODLfi
• Medium: https://medium.com/@FODL/fodl-100-decentralized-leverage-trading-252b7eca732

What is FODL Finance (FODL) Contracts address?

• Ethereum: 0x4c2e59d098df7b6cbae0848d66de2f8a4889b9c3