EVE is the native token of Eve DeFi Exchange. It is an ERC20 compliant utility token with the circulating supply bridged to Polygon.
Eve DeFi provides a protocol for zero-slippage non-custodial swaps amongst other features. EVE Token has the following utility on Eve DeFi:
Subscription Payments - Subscribe using EVE for zero-fee trading
NFT Purchases - Purchase Eve NFTs to trade with zero fees
Additionally, EVE Token can be staked to earn APY.
What features does Eve DeFi have?
Smart Trades - Buy/sell crypto with discounts, premiums, and vesting schedules.
Options Trade - Create and trade Call & Put Options with flash loans for settlement.
Lending Pool - Lend USDC and earn risk-free rewards by making flash loans to Options traders.
Eve DeFi is built on Polygon and supports any ERC20 token; in the future additional chain support will be rolled out.
What makes Eve DeFi unique?
Eve DeFi sets itself apart from other DeFi trading protocols by providing:
Limit orders - Sell tokens at a fixed price like users can on a centralised exchange
Dynamic orders - An order that adjusts itself as the price of a token fluctuates
Premiums & discounts - Sell tokens with a user-determined premiums or discounts
Vesting schedules - Sell tokens with a user-determined vesting schedules
Oracle-based pricing - Trades execute at a price determined by decentralised oracles
Zero-fee trading - Users can trade with zero fees by subscribing or holding an NFT
In summary, Eve DeFi makes trading very price-efficient by giving users a high level of control over how their trades execute and relying on Oracle-based price data. This results in price slippage being non-existent and trades being impossible to front-run.
Who founded Eve Exchange?
Christoper Cousins founded Eve DeFi. Christopher is a finance graduate, professional equities trader, early crypto adopter, and serial entrepreneur, previously the Gibraltar-based ICANN domain name registry chief revenue officer.
How many EVE Tokens are there in circulation?
The total supply of EVE is 100 million, and the circulating supply is all bridged to Polygon.
Tokens paid by users for subscriptions and NFTs remain dormant or are locked within the protocol, and therefore, the circulating supply is reduced by these activities. Non-bridged tokens are reserved for various purposes, and before reserved tokens' entire circulation, the token community is informed how many are being released and for what purpose.