Glide Finance Decentralized Exchange Review

Glide Finance is a decentralized exchange/automated market maker running on the Elastos Smart Chain. Its goal is to expedite the adoption of the Elastos ecosystem by integrating a liquidity feature for traders and projects built on it. The platform also focuses on creating a solid foundation with its Glide token as a governance token, an in-built bridge, diverse farms, and other features that will be added later.  

Glide Finance overview

Here is a summary of the DEX’s key features:

• Trade

The exchange comprises smart contracts established on Uniswap V2 that allow the user to swap any tokens available. 

• Farm

You can earn GLIDE tokens when you engage in staking and liquidity mining. It is also possible to receive rewards for providing Glide to special partnership tools with other projects building on Elastos.  

• Supply liquidity

As a trader, you are encouraged to put your assets into liquidity pools to earn trade fees and help the Elastos ecosystem grow. 

How does Glide Finance work?

Glide Finance allows you to engage in the following activities:

• Trade tokens
• Farm and stake your assets
• Bridge tokens to and from the Elastos Smart Chain
• Create and supply liquidity

What can you buy on Glide Finance?

These are the tokens that you can use to transact on the platform:

• ELA
• ELK
• ETH
• FILDA
• GLIDE
• HUSD
• BNB
• BTCD
• BUSD
• HT
• htFILDA
• MTRL
• oELK
• USDC
• WELA

Is Glide Finance safe?

The exchange is safe for the most part. The smart contracts have been subjected to several assessments by Paladin Blockchain security and no issues were found. In effect, all identified issues have been acknowledged or resolved. What’s more, the vendor has gotten rid of the generally abused migrator code and added timelocks to increase transparency and security. 

Glide Finance fees, compatible wallets, and transactions

The exchange supports four main wallets, including Metamask, WalletConnect, Essentials (Injected), and Essentials (Remote). You will need to pay fees for conducting some transactions on the DEX. For instance, swapping attracts a 0.25% trading fee. 0.05% of the amount is put back into liquidity pools as a reward for liquidity providers, while the rest is changed into ELA and shared with GLIDE holders via the Dividend Pool.  

What are the ways to trade on Glide Finance?

The exchange provides different trading options, which can be found below:

• Swapping

With Glide, you can trade one token for another through automated liquidity pools. The variations in the price of these assets on Glide and other sources like centralized exchanges create good opportunities for users to earn passive income. 

• Creating liquidity

Liquidity addition enables the contributor to earn in 0.05% swapping fees from the pairs they supply to other traders. You stand to earn more rewards if your liquidity is staked on farms. 

• Liquidity farming

The farm provides you with a platform to stake your Glide-LP (Glide Liquidity Pair tokens) to earn GLIDE. So, users offering liquidity to Glide receive incentives to help them offset the risk associated with impermanent loss. 

Customer support

You can make inquiries about the service through email, Telegram, or Discord. For more support, visit the platform’s FAQ page, Twitter, or Medium. 

Should you trade with Glide Finance?