Fibrous Finance Unveiled Part 3

How did it all start?

Fibrous was launched in 2023 as a first DEX Aggregator, centering its development around the community’s input. It aimed to mend the challenges of fragmented liquidity in DeFi, establishing itself with a solution strategy that earned its reputation. Fibrous is characterized by its:

• Renewable
• Flexibility and dynamism
• Broad reach and exploratory spirit
• Functional diversity

These integrated ideas form the backbone of Fibrous’s development, with the discovery of suitable infrastructures and networks culminating in its first station: Starknet.

The key reasons Starknet was chosen to elevate Fibrous in the DeFi world with a vision to forge new narratives include:

• Provable cheap computation with STARK technology
• Native account abstraction
• Pioneer service providers
• A completely different tech stack

These features have enabled Fibrous to pivot as Starknet’s premier aggregator, ensuring a smooth swapping experience through efficient aggregation.

Key Players of Fibrous

Why choose Fibrous Finance as an innovative and effective solution in the complex DeFi landscape?

1. Best Rates — Best Execution!

Before our blog series, we have highlighted the issue of slippage caused by fragmented liquidity due to changing AMM & Network strategies. Fibrous offers a revolutionary approach to this problem by aggregating all liquidity sources within the network and presenting users with the best swap rates through a pathfinding algorithm. This ensures transactions occur on an executable pathway.

2. Optimized Multi-Input Swaps

Leveraging Native Account Abstraction, Fibrous delivers a seamless swap experience by converting multiple tokens into another at favorable rates simultaneously. This includes support for custom tokens, facilitating multi-token batched swaps, ideal for portfolio management.

3. Limit Order Feature

Fibrous integrates liquidity and stability to execute trades at desired prices, bringing a centralized exchange user experience to the DeFi world with its Limit Order feature. It offers a deeper order book and order matching capabilities through its Limit Order protocol by consolidating all liquidity sources.

4. “Simplicity is the ultimate sophistication”

While offering an expanding set of features with a robust price exploration algorithm, Fibrous prioritizes a user-friendly interface. Features like “receiving to another destination,” simplified routing visualization, transparent fee explanation, and more emanate from its perception of making complexity to intelligible.

5. Flash Accounting

Fibrous’ Flash Accounting system streamlines swap transactions by allowing direct swaps of assets, such as ETH for stablecoins (e.g., USDT, USDC), and facilitating immediate exchanges of these for other stablecoins (e.g., DAI) using a single contract system. This approach reduces the number of steps and transaction fees by over 10%, thereby enhancing efficiency and lowering costs in token exchanges.

Conclusion

Fibrous’s core vision is clear: to be a DeFi hub application that accesses all liquidity sources with many methods and optimizes them under various features. “Being user-centric = being user-friendly”. With this concept, it will continue to evolve in alignment with its community’s preferences. As technological changes pervade the blockchain world, Fibrous will revolutionize the swap mechanism in every area it touches.

Get in touch with us

Website: fibrous.finance
Twitter: Fibrous
Discord: Fibrous
Mail: support@fibrous.finance