fly.trade is launching $FLY on Sonic
In Brief
Fly.trade will launch its FLY token on June 6 at 1 PM UTC via Sonic, Binance Alpha, and Kraken to power incentives, governance, and cross-chain DeFi within the Sonic ecosystem.
On the 6th of June at 1pm UTC, the Fly.trade ($FLY) token generation event (TGE) officially launches on Sonic, with Binance Alpha and Kraken.
At the center of fly.trade( prev. Magpie Protocol) is the native token, $FLY, a next generation token model that aligns and incentivizes traders, stakers, and protocols alike. From volume based rewards, to emissions, bribes, reduced slippage, revenue share, and more, $FLY unlocks opportunities to earn like never before.
$FLY Tokenomics: ve(3,3) inspired Model
fly.trade’s tokenomics employ a ve(3,3)-inspired model tailored for an aggregator-first protocol with xFLY turning every trade into an opportunity to earn.
- Trader Incentives: Direct subsidies reduce fees and slippage on high-demand trading pairs.
- xFLY: For active users who want to vote, earn bribes, and maximise rewards through staking and trading $FLY in FLY pools.
- FLY33: mint your xFLY for set-and-forget participation with auto-compounding rewards and no lock-ups.
- Flywheel Effect: By staking and voting, traders earn more; the increased volume and fees then raise incentives, creating a self-reinforcing cycle.
- ve33 Governance: Lock $FLY to receive xFLY, granting governance power over protocol fees, emissions, and partnerships.
- Revenue Sharing: Protocol fees are distributed to stakers, creating a flywheel for long-term holders.
About fly.trade
Fly.trade (previously Magpie Protocol) is the leading liquidity aggregation and trade execution protocol within the Sonic ecosystem. Designed to simplify cross-chain DeFi, Fly.trade delivers seamless swaps, optimised routing and one-click staking across 19+ chains. Fly.trade is positioning itself as the go-to execution layer for traders, protocols, and liquidity providers.
- Provably Better Pricing: Fly.trade’s aggregation algorithm consistently delivers better swap rates majority of the times than all major aggregators in the market, minimising slippage and transaction costs across thousands of quotes.
- Industry Leading Partnerships: Integrated in Rabby Wallet, TraderJoe( now LFJ), Shadow Exchange, Particle Network, Socket, Relay, Euler, HeyAnon, Symbiosis, Router and many more to provide swaps with optimised routing.
- Proven Track Record: Over $6.3+ billion in cumulative volume, 3.1 million swaps and over 260k unique onchain users to date.
- Key Advantages: First-to-market cross-chain aggregator powering seamless swaps across 18+ chains, supporting almost every token, including easy same and cross-chain asset swaps, cross-chain LST/LRT swaps & deposits, LP token swaps, abstracted bridging, integrations and partnerships with some of the best protocols and projects within the Sonic ecosystem and DeFi as a whole.
Roadmap: Building DeFi’s Execution Layer
- 6th June, 2025 : $FLY launches on Sonic
- Q2 2025: Launch FLY Dashboard, Staking, Emissions, Bribes, and Revenue Share. Launch Earndrop™. Expand to EVM chains: Soneium, Abstract. Integrate Binance and OKX wallets.
- Q3 2025: Expand to EVM chains: MegaETH, Monad, HyperEVM. Expand to non-EVM chains: Solana, Eclipse. Onboard new protocols and liquidity sources. Launch Swap UI with charts, implement DCA feature, and add Limit Orders.
- Q4 2025: Bridge Aggregation 2.0 upgrade. Order flow tracking, updated order routing UI, and launch Fly 2.0: Universal Aggregation (Chain-Abstracted UX).
Token Generation Event (TGE)
Fly.trade and $FLY are poised to become the backbone of Sonic’s DeFi economy with a confirmed listing on Binance Alpha and Kraken!
Ready to trade smarter?
- TGE Date & Time: Friday, June 6th, 1pm UTC
- Lock $FLY to receive xFLY
- Earn Passively with FLY33
- Token Utility: Trading incentives, reduced fees & slippage on high-demand pairs, bribes, voting, emissions, multiplier on voting and trading.
For detailed tokenomics, roadmap updates, and how to participate in the TGE follow @flytrade_ on Twitter for real-time updates on the token launch and future developments.
This press release is brought to you by EAK Wire, the leading Web3 PR Newswire.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
