On the sixth of June at 1pm UTC, the Fly.commerce ($FLY) token era occasion (TGE) formally launches on Sonic, with Binance Alpha and Kraken.
On the middle of fly.commerce( prev. Magpie Protocol) is the native token, $FLY, a subsequent era token mannequin that aligns and incentivizes merchants, stakers, and protocols alike. From quantity primarily based rewards, to emissions, bribes, decreased slippage, income share, and extra, $FLY unlocks alternatives to earn like by no means earlier than.
$FLY Tokenomics: ve(3,3) impressed Mannequin
fly.commerce’s tokenomics make use of a ve(3,3)-inspired mannequin tailor-made for an aggregator-first protocol with xFLY turning each commerce into a chance to earn.
- Dealer Incentives: Direct subsidies scale back charges and slippage on high-demand buying and selling pairs.
- xFLY: For lively customers who wish to vote, earn bribes, and maximise rewards by means of staking and buying and selling $FLY in FLY swimming pools.
- FLY33: mint your xFLY for set-and-forget participation with auto-compounding rewards and no lock-ups.
- Flywheel Impact: By staking and voting, merchants earn extra; the elevated quantity and charges then elevate incentives, making a self-reinforcing cycle.
- ve33 Governance: Lock $FLY to obtain xFLY, granting governance energy over protocol charges, emissions, and partnerships.
- Income Sharing: Protocol charges are distributed to stakers, making a flywheel for long-term holders.
About fly.commerce
Fly.commerce (beforehand Magpie Protocol) is the main liquidity aggregation and commerce execution protocol inside the Sonic ecosystem. Designed to simplify cross-chain DeFi, Fly.commerce delivers seamless swaps, optimised routing and one-click staking throughout 19+ chains. Fly.commerce is positioning itself because the go-to execution layer for merchants, protocols, and liquidity suppliers.
- Provably Higher Pricing: Fly.commerce’s aggregation algorithm persistently delivers higher swap charges majority of the instances than all main aggregators out there, minimising slippage and transaction prices throughout 1000’s of quotes.
- Trade Main Partnerships: Built-in in Rabby Pockets, TraderJoe( now LFJ), Shadow Change, Particle Community, Socket, Relay, Euler, HeyAnon, Symbiosis, Router and plenty of extra to offer swaps with optimised routing.
- Confirmed Observe Report: Over $6.3+ billion in cumulative quantity, 3.1 million swaps and over 260ok distinctive onchain customers thus far.
- Key Benefits: First-to-market cross-chain aggregator powering seamless swaps throughout 18+ chains, supporting nearly each token, together with simple identical and cross-chain asset swaps, cross-chain LST/LRT swaps & deposits, LP token swaps, abstracted bridging, integrations and partnerships with a number of the greatest protocols and tasks inside the Sonic ecosystem and DeFi as a complete.
Roadmap: Constructing DeFi’s Execution Layer
- sixth June, 2025 : $FLY launches on Sonic
- Q2 2025: Launch FLY Dashboard, Staking, Emissions, Bribes, and Income Share. Launch Earndrop™. Increase to EVM chains: Soneium, Summary. Combine Binance and OKX wallets.
- Q3 2025: Increase to EVM chains: MegaETH, Monad, HyperEVM. Increase to non-EVM chains: Solana, Eclipse. Onboard new protocols and liquidity sources. Launch Swap UI with charts, implement DCA characteristic, and add Restrict Orders.
- This autumn 2025: Bridge Aggregation 2.Zero improve. Order circulate monitoring, up to date order routing UI, and launch Fly 2.0: Common Aggregation (Chain-Abstracted UX).
Token Technology Occasion (TGE)
Fly.commerce and $FLY are poised to change into the spine of Sonic’s DeFi economic system with a confirmed itemizing on Binance Alpha and Kraken!
Able to commerce smarter?
- TGE Date & Time: Friday, June sixth, 1pm UTC
- Lock $FLY to obtain xFLY
- Earn Passively with FLY33
- Token Utility: Buying and selling incentives, decreased charges & slippage on high-demand pairs, bribes, voting, emissions, multiplier on voting and buying and selling.
For detailed tokenomics, roadmap updates, and methods to take part within the TGE observe @flytrade_ on Twitter for real-time updates on the token launch and future developments.
This press launch is dropped at you by EAK Wire, the main Web3 PR Newswire.
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