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As planned, we have Fibrous ready for you to try. Fibrous is available on the StarkNet Goerli testnet.
Working principle of fibrous Fibrous is just a tool that finds the optimal routing on all StarkNet AMMs. So we need MMA for Fibrous to work. In our testnet we have added two independent AMMs and 3 different test tokens for you to try Fibrous. There are 3 liquidity pools in AMM1 and 2 pools in AMM2. Our algorithm will try to find the best route for you among these groups.
The liquidity ratios in the portfolios within these AMMs vary. We deliberately wanted this, and we will allow you to exchange any amount of tokens you want. You can create multiple addresses and mint more to be a whale with our tokens. You can also check the route without exchanging tokens, just enter the amount and see the route.
We will provide test tokens of 1 fBTC, 10 fETH and 1000 fDAI to test Fibrous.
So, try to mimic it on exchanges, show your degenerate spirit with our test tokens, and challenge our algorithm to become battle-hardened for Mainnet.
Let's forge the Fibrous, one exchange to rule them all.
Transaction times and routing latency
If you've tried other projects on the StarkNet testnet before, you may have noticed transfer times taking much longer than expected. These delays will not change when you try Fibrous.
In order to answer this, first of all, it is necessary to briefly talk about the logic of how Rollups work, since StarkNet is also a rollup with decentralized validity and without permissions. Rollups function as an L2 network on top of Ethereum and perform transaction execution off of the main Ethereum blockchain and send transaction data to the Ethereum mainnet.
Therefore, for your transactions to be confirmed in Rollups, the transaction data must be sent to the Ethereum mainnet. Since StarkNet is in the Alpha process, it takes time for transaction data to be sent to the mainnet. However, this will not take long, because a coordinator called Sequencer in Rollups will speed up your transactions much more. The sequencer is responsible for classifying the transactions. Ideally, after receiving the transactions, the sequencer can immediately include them in the digest chain and return a soft commit to the user. Your transfers will receive a confirmation within fractions of a second after the sequencer reaches StarkNet.
When Fibrous tries to find the most efficient routes for a token swap between different protocols on StarkNet AMMs, he needs liquidity information from other AMMs. This process takes a while, and despite our recent optimizations, it takes an average of 5-20 seconds for Fibrous to find the best price and route.
We removed the Fibrous API from the chain and implemented it off-chain. So instead of finding the best price in 5-20 seconds, Fibrous will now find the best price in about 0.04-1 second!
More interestingly, with new updates coming to Cairo, one of which will rewrite everything with the Rust Language, we expect StarkNet performance to be between 25x and 125x more efficient as it stands. Thus, each transfer to be made in Fibrous will take less than 1 second and we will reach the speed we are looking for and desire.๐
In short, with the upcoming StarkNet features, switch to Fibrous.
Airdrop Expectations As a crypto community, we love Airdrops as much as you do. We agree that airdrops have an important place in the symbolic distribution of protocols. However, as a Fibrous team, we do NOT plan to issue Fibrous tokens as mentioned before. At the moment, our only priority is to test Fibrous together with you during the testnet process to develop and optimize our codes as much as possible. Do NOT consider the testnet process as the selection criteria for Airdrop. Just help us improve Fibrous.
Duration of the test network Don't worry, there is no need to rush. We plan to keep the Fibrous testnet open for a long time. As you test Fibrous, we will make changes to our code during this time and try to optimize Fibrous further.
To add, this testnet is not the final version of Fibrous. Testnet is only made to run our most basic functions. Over time, Fibrous will be able to trade multiple different tokens for multiple tokens with just one transaction via Multicall, it will also be able to use synthetic derivatives for better routing, and it will also borrow
a stable 1:1 ratio using pin stability modules such as DAIs. exchanges to use MakerDAO PSM. This is not enough, Fibrous currently only allows trading between AMMs, but we are planning to design Fibrous in a way that it can also trade orderbook DEXs in the near future.
collect://
Steps to test Sign up: Go to https://fibrous.finance/ to try Fibrous! Tap Launch App. Connect your StarkNet wallet to the Fibrous app interface. After logging into our app interface with your StarkNet wallet, please make sure your wallet is connected to StarkNet Goerli Testnet. Now, you need to mint some proof tokens to exchange for Fibrous. Click the Mint button at the top. Wait for the mint transaction to be confirmed on StarkNet Goerli. (This action may take time as noted above.) Once the minting process is complete, you are ready to switch to Fibrous. Simply trade your tokens between 2 AMMs and 5 different pools that we created for you with just one tap.
Website: https://fibrous.finance/ Twitter: https://twitter.com/FibrousFinance
DO NOT forget to subscribe and collect Entry, (you will receive 1 NFT)
Here Our Publications: https://miror.xyz/usefalo.eth
subscribe://
As planned, we have Fibrous ready for you to try. Fibrous is available on the StarkNet Goerli testnet.
Working principle of fibrous Fibrous is just a tool that finds the optimal routing on all StarkNet AMMs. So we need MMA for Fibrous to work. In our testnet we have added two independent AMMs and 3 different test tokens for you to try Fibrous. There are 3 liquidity pools in AMM1 and 2 pools in AMM2. Our algorithm will try to find the best route for you among these groups.
The liquidity ratios in the portfolios within these AMMs vary. We deliberately wanted this, and we will allow you to exchange any amount of tokens you want. You can create multiple addresses and mint more to be a whale with our tokens. You can also check the route without exchanging tokens, just enter the amount and see the route.
We will provide test tokens of 1 fBTC, 10 fETH and 1000 fDAI to test Fibrous.
So, try to mimic it on exchanges, show your degenerate spirit with our test tokens, and challenge our algorithm to become battle-hardened for Mainnet.
Let's forge the Fibrous, one exchange to rule them all.
Transaction times and routing latency
If you've tried other projects on the StarkNet testnet before, you may have noticed transfer times taking much longer than expected. These delays will not change when you try Fibrous.
In order to answer this, first of all, it is necessary to briefly talk about the logic of how Rollups work, since StarkNet is also a rollup with decentralized validity and without permissions. Rollups function as an L2 network on top of Ethereum and perform transaction execution off of the main Ethereum blockchain and send transaction data to the Ethereum mainnet.
Therefore, for your transactions to be confirmed in Rollups, the transaction data must be sent to the Ethereum mainnet. Since StarkNet is in the Alpha process, it takes time for transaction data to be sent to the mainnet. However, this will not take long, because a coordinator called Sequencer in Rollups will speed up your transactions much more. The sequencer is responsible for classifying the transactions. Ideally, after receiving the transactions, the sequencer can immediately include them in the digest chain and return a soft commit to the user. Your transfers will receive a confirmation within fractions of a second after the sequencer reaches StarkNet.
When Fibrous tries to find the most efficient routes for a token swap between different protocols on StarkNet AMMs, he needs liquidity information from other AMMs. This process takes a while, and despite our recent optimizations, it takes an average of 5-20 seconds for Fibrous to find the best price and route.
We removed the Fibrous API from the chain and implemented it off-chain. So instead of finding the best price in 5-20 seconds, Fibrous will now find the best price in about 0.04-1 second!
More interestingly, with new updates coming to Cairo, one of which will rewrite everything with the Rust Language, we expect StarkNet performance to be between 25x and 125x more efficient as it stands. Thus, each transfer to be made in Fibrous will take less than 1 second and we will reach the speed we are looking for and desire.๐
In short, with the upcoming StarkNet features, switch to Fibrous.
Airdrop Expectations As a crypto community, we love Airdrops as much as you do. We agree that airdrops have an important place in the symbolic distribution of protocols. However, as a Fibrous team, we do NOT plan to issue Fibrous tokens as mentioned before. At the moment, our only priority is to test Fibrous together with you during the testnet process to develop and optimize our codes as much as possible. Do NOT consider the testnet process as the selection criteria for Airdrop. Just help us improve Fibrous.
Duration of the test network Don't worry, there is no need to rush. We plan to keep the Fibrous testnet open for a long time. As you test Fibrous, we will make changes to our code during this time and try to optimize Fibrous further.
To add, this testnet is not the final version of Fibrous. Testnet is only made to run our most basic functions. Over time, Fibrous will be able to trade multiple different tokens for multiple tokens with just one transaction via Multicall, it will also be able to use synthetic derivatives for better routing, and it will also borrow
a stable 1:1 ratio using pin stability modules such as DAIs. exchanges to use MakerDAO PSM. This is not enough, Fibrous currently only allows trading between AMMs, but we are planning to design Fibrous in a way that it can also trade orderbook DEXs in the near future.
collect://
Steps to test Sign up: Go to https://fibrous.finance/ to try Fibrous! Tap Launch App. Connect your StarkNet wallet to the Fibrous app interface. After logging into our app interface with your StarkNet wallet, please make sure your wallet is connected to StarkNet Goerli Testnet. Now, you need to mint some proof tokens to exchange for Fibrous. Click the Mint button at the top. Wait for the mint transaction to be confirmed on StarkNet Goerli. (This action may take time as noted above.) Once the minting process is complete, you are ready to switch to Fibrous. Simply trade your tokens between 2 AMMs and 5 different pools that we created for you with just one tap.
Website: https://fibrous.finance/ Twitter: https://twitter.com/FibrousFinance
DO NOT forget to subscribe and collect Entry, (you will receive 1 NFT)
Here Our Publications: https://miror.xyz/usefalo.eth
subscribe://
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