Frequently asked questions

What is the Xfai DEX?

Xfai is a decentralized exchange, based on a new type of double-weighted constant product market maker model. Users are able to trade any asset on the Xfai DEX with minimal slippage, provide liquidity, as well as participate in infinity staking.

What's the difference between the Xfai DEX and other DEXs?

Xfai DEX utilizes a weighted AMM model to entangle its liquidity pools, providing a solution to the issues of fragmented liquidity and high slippage that are commonly experienced on other decentralized exchanges.

What’s the swap fee on the Xfai DEX?

Currently, the swap fee on the Xfai DEX is 0.2%0.2\%. Of this fee, 50%50\% is distributed to liquidity providers and 50%50\% is allocated for infinity stakers.

What is Infinity Staking?

Users can permanently lock liquidity into the Xfai DEX in exchange for an Infinity NFT (INFT). INFTs allow users to earn fees from every pool and future pool on the Xfai DEX.

Can I transfer my INFT to other wallets?

Yes, INFTs can be transferred by the owner of the NFT to any wallet, without affecting the collected fees. If the INFT had a specified delegator, it will be reset to the new owner.

Can I unstake once I perform Infinity Staking?

No. Infinity staking permanently locks ones funds into Xfai, in return for an INFT. Unlike liquidity providers, infinity stakers collect fees from every pool on the DEX.

Can I redeem my liquidity tokens?

Yes, one can always redeem their LP tokens for the underlying liquidity + any collected fees.

How can I get a flash loan?

Like many DeFi services, users in Xfai have the option to use the liquidity of Xfai pools in the form of flash loans. As flash loans are atomic in nature, one cannot ask for a flash loan via the user interface. That is, flash loans require smart contract interactions.

Last updated