Flype Protocol

Using Flype you can: FLYP Token Economics Token Topology

With Flype, $200B worth of locked assets are now directly tradable!

Flype is a unique dex protocol that turns LP tokens from a “digital receipt” into a tradable asset, creating an entirely new market.

• Seamlessly change your liquidity position between different pools and protocols in a single swap.
• Create a new liquidity position solely by swapping ETH for LP token.
• Close your existing position solely by swapping LP token for ETH.
• Save up to 85% on Gas fees.
• Make twice the profit on the same liquidity position by providing LP tokens as liquidity to Flype pools.

At present, to change your liquidity position you have to go through the following steps:

1. Withdraw your underlying pair of tokens
2. Swap each one of them to the new pair of tokens
3. Deposit the new pair of tokens into the new pool

This multi step process is time consuming and comes with high gas fees. Six times more than using Flype!

Flype is a community-driven protocol governed by the FLYP native token. $FLYP powers the entire protocol economy and incentivizes liquidity providers, stakers, and traders. FLYP governance token empowers the community to lead the protocol forward by issuing and voting on proposals.

The following chapter describes how the FLYP token is used within the whole Flype ecosystem.

The FLYP ecosystem consists of multiple participants. These participants interact with each other, creating a functional ecosystem that relies on the FLYP token to facilitate value from the use of the Flype protocol.