Findora was fully compatible with EVM last year, heralding a new chapter in the privacy blockchain ecosystem in the industry. On March 3, 2022, DEX-FairySwap, the first automated market maker (AMM) on Findora, announced its official start of cold start and achieved a relatively eye-catching performance.
According to data, 5 hours after the cold start, the $FRA locked in the FairySwap pool reached 59 million, TVL exceeded $1.4 million, and APY reached 1400%. Within 3 days of cold start, the number of $FRA locked in the pool reached 155 million, the overall TVL exceeded 4 million US dollars, and TVL increased by more than 185.7%, and it still maintains a high growth rate.
Findora’s multi-chain architecture
Findora itself is a multi-chain structure, that is, one chain has 2 chains with EVM as the account feature, and the other chain has 1 chain with UTXO as the account feature. The FRA (the main token on the Findora chain) assets held by early users of the Findora ecosystem are basically on the chain with UTXO as the account feature, so any user who wants to experience DAPP on Findora needs to transfer their assets "Cross-chain" from chain 1 to chain 2 in the form of atomic swap, which is the main task of Findora users in the "cold start" phase of FairySwap.
In the "cold start" stage, any FRA assets that are successfully transferred and pledged across chains from chain 1 to chain 2 will