TI Rating Report - Bonfida

PROJECT INTRODUCTION

Bonfda provides a web version of GUI (Graphical User Interface) to trade on Serum DEX and Serum Swap, and data analytics of the Serum transaction data. Serum is a non-custodial decentralized exchange (DEX) built on Solana blockchain. Serum has both on-chain orderbooks and AMMs. Serum allows users to start their own GUI on Serum DEX markets by forking the offcial repository of Serum UI and collect 0.01% fees for the orders made on their GUI. At present, more than 20 teams are hosting GUIs on Serum including web version and mobile version. The serum project party stated that Project Serum or Serum Academy did not vet any DEXes and users need to use at their own risks.

Bonfda is committed to becoming Serum's fagship Serum GUI. Bonfda has been the frst to introduce TradingView charts based on market orders and real chain data to Serum. Bonfda also provides Serum API, Bonfda Wallet, and NFT Exchange Solible, etc., hoping to cover all business modules of Serum and expand on this basis. Bonfda has received an awarded grant from Serum to fund the design and development costs of the work on serum.