FAQ

Everything you want to know about Fibrous Finance is here!

General Information

What is Fibrous Finance?

Fibrous Finance is a DeFi application designed for Starknet that functions as an aggregator and liquidity hub. Unlike a traditional Automated Market Maker (AMM), it scans available AMMs on Starknet, divides the user's liquidity across them, and finds the optimal price and route for swaps.

What is the definition of an aggregator?

In the context of DeFi, an aggregator refers to an application that sources liquidity or price information from various entities, typically different exchanges or AMMs. Its goal is to offer users the best possible swap execution by tapping into multiple protocols simultaneously.

How is Fibrous Finance related to Starknet?

Fibrous Finance was developed for Starknet. It stands as the first AMM aggregator announced for Starknet and aims to be the premier aggregator and liquidity hub of DeFi on Starknet. Moreover, Fibrous utilizes Cairo v2 for its contract creation, which ties in with Starknet.

Features of Fibrous Finance

What distinguishes Fibrous Finance from other aggregators?

Fibrous Finance is tailored for Starknet, making it the inaugural AMM aggregator. Instead of mimicking traditional AMMs, Fibrous assesses all Starknet-based AMMs, evenly distributes your liquidity among them, and pinpoints the best price and route for swaps. This provides users access to all Starknet AMMs concurrently. Plus, it offers an unparalleled user experience with features like the "Batch Swap" for simultaneous multi-token exchanges.

Which tokens can I swap on Fibrous Finance?

Fibrous supports swaps for ETH, DAI, USDT, USDC, WBTC, wstETH, LORDS, rETH, UNI, STRK, vSTRK, DAIv0, ZEND, FRAX, FXS, R, sfrxETH, stEUR, stUSD and LUSD.

Which AMMs is Fibrous Finance integrated with?

Fibrous Finance is in sync with AMMs including mySwap, mySwap CL, StarkDefi, Nostra, JediSwap, 10kSwap, SithSwap, Haiko and Ekubo.

Can you elaborate on the service fee within Fibrous Finance?

Transaction costs in Fibrous Finance vary depending on the token being swapped. For single routes, the fee is 0.02%, while for multiple routes, it's 0.15%. This charge is automatically extracted from the swapped token amount. No additional gas fees apply.

Can I be a liquidity provider on Fibrous Finance?

No, Fibrous doesn't accommodate individual liquidity providers as it doesn't manage its own pools.

What's meant by slippage?

Slippage refers to the difference between a swap's expected and executed price. In decentralized setups, shifts in liquidity between initiating and completing a swap can cause slippage. A swap executed at a rate better than anticipated indicates positive slippage, whereas the reverse scenario indicates negative slippage.

Could you shed light on StarkRocks?

StarkRocks comprises 444 distinct NFTs (Non-Fungible Tokens). Owning a StarkRock NFT bestows exclusive advantages within the Fibrous ecosystem.

What perks do StarkRocks holders enjoy?

StarkRock NFT owners are spared from all service fees levied by Fibrous, paying only the standard Starknet transaction gas fees.

What is a batch swap in Fibrous Finance?

The "Batch Swap" functionality in Fibrous Finance lets users trade multiple tokens for another token simultaneously. This guarantees optimal pricing for all token swaps, streamlining the process and bolstering efficiency.

How do I execute swaps on Fibrous Finance?

With Fibrous, there's no need for manual AMM selection. Fibrous swiftly computes the most favorable price and path for your swap. A simple click initiates the swap on your behalf, fragmented liquidity from several Starknet AMMs.

What kind of transactions does Fibrous Finance support?

Fibrous Finance currently supports Single Swap, Batch Swap and Limit Order transactions.

What is the Fibrous Limit Order feature?

The Fibrous Limit Order feature is a tool designed to facilitate the automatic execution of buy/sell transactions within predefined price ranges, as onchain. This feature enables users to create, modify, and cancel limit orders without incurring any costs, thereby providing a decentralized trading experience.

How does the Fibrous Limit Order enhance trading security and control?

Fibrous Limit Order Protocol ensures users can maintain self-custody of their assets until their orders are executed. This approach enhances security and gives users more control over their trading activities.

Is constant monitoring required to execute trades at target prices?

No, constant monitoring is not necessary. Limit Orders are designed to remain settled until they are triggered at the desired price points, allowing for trades to be executed at target prices without the need for continuous oversight.

What tools does the Fibrous Interface provide to its users?

Fibrous Limit Order Interface offers a user-friendly platform for the efficient execution of transactions, allowing users to easily enter, cancel, or update their orders It also integrates with TradingView for access to price charts, supporting price action analysis and detailed price reviews all within a unified interface.

What is the general concept behind managing Limit Orders with Fibrous?

Fibrous adopts a hybrid method for managing Limit Orders, aimed at enhancing transaction security while minimizing gas expenditures. This involves storing user orders on an off-chain layer, with execution occurring on-chain only when the order is fulfilled. This strategy ensures optimal price fetching and enables the establishment of gasless limit orders with a firm commitment to execution.

How does the hybrid model benefit users?

The hybrid model of Fibrous Finance combines the strengths of both on-chain and off-chain solutions, securing user safety and improving the overall user experience. This approach ensures transactions are both efficient and secure, effectively combining the capability of both systems.

Starknet Technology

Can you describe Starknet's security framework?

Starknet employs a Validity Rollup Layer 2 infrastructure, ensuring high transaction throughput and low gas charges while upholding the solid security standards of Ethereum Layer 1. Starknet replaces resource-heavy L1 computations with cost-effective L1 validations by capitalizing on off-chain STARK proofs. Starknet's foundational Layer 1 security is fortified by integrating the most robust and scalable cryptographic proof system available: STARK.

Could you provide insights on Starknet's scalability potential?

As a Validity Rollup Layer 2 solution, Starknet is designed to significantly bolster transaction throughput relative to traditional Ethereum Layer 1 solutions. Its design revolves around off-chain STARK proof computations, which, when paired with lean L1 validations, offer a scalability remedy that slashes gas expenses and accelerates transaction processing times.

How does the interface between Starknet and the Ethereum mainnet function?

Starknet operates as an L2 network over the Ethereum mainnet, delivering amplified scalability without security compromises. Transactions initiated on Starknet are compiled and processed off-chain through the Cairo language, crafted especially for STARK proofs. After verification, STARK proofs are generated and committed to the Ethereum mainnet. This safeguards transaction integrity while capitalizing on the security of Ethereum's Layer 1.

Technical Support and Assistance

What steps should I take if I face a transaction-related issue?

Should you encounter transactional glitches, bugs, or other technical hurdles, we recommend reaching out to us on our dedicated Discord server for swift resolutions.

Where can one review Fibrous Finance's smart contracts?

You can review Fibrous Finance's smart contracts on Voyager & Starkscan.

Which wallets are congruent with Fibrous Finance?

Fibrous Finance is compatible with Braavos, Argent, Argent Mobile, Bitget Wallet, OKX Web3 Wallet and the Argent Web Wallet. These wallets enable users to effortlessly execute their transactions.

Is there any prerequisite software or extensions to access the Fibrous?

To engage with Fibrous, all you necessitate is a compatible wallet. No additional software or extensions are required, ensuring a seamless experience for our users.