Hashflow

Reported by The Block, Decentralized exchange and liquidity provider Hashflow will charge trading fees and will allow Hashflow token ($HFT) stakers to receive a portion of these fees.
At present, many DeFi protocols levy fees on trades routed through Hashflow, even though Hashflow itself does not impose any fees.
Going forward, all trades executed on Hashflow will include a nominal fee. This fee will be embedded directly in the price quote and will be automatically deducted at the point of trade execution. This modification is the result of an approved proposal by the Hashflow DAO and aims to establish the protocol’s first revenue stream.
Revenue generated from these fees will be allocated as follows: 50% will be distributed to HFT token stakers, 30% will be earmarked for the community treasury specifically for HFT buybacks, and the remaining 20% will cover the Hashflow Foundation’s operating expenses.
The team has not revealed the exact fee amount for trades, although it has said the fee will be dynamic based on the size of the swap. All collected trading fees will be distributed to token stakers on a monthly basis.

Hashflow Starts Charging Trading Fees and Distributes to $HFT Stakers

TokenInsight

Other articles published on Nov 2, 2023

Altcoin market rises amid Bitcoin rally and U.S. interest rates

Solana SOL token value grows by more than 330% YTD to 14-month high

Solana (SOL) Price Reaches Yet Another Yearly High – Is $60 Within Reach?

Bitcoin Tops $35K As Powell Goes Less Hawkish After FOMC

Cardano Founder Forecasts ‘Tens Of Millions’ Of Users, Here’s How

Ripple Legal Chief Questions SEC Chair’s Losing Streak

Join our free newsletter for daily crypto updates!