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FAQ
Frequently Asked Questions

What wallets are supported by MeanFi?

Read the Wallet Guide for more details.

How is this different from Uniswap?

Uniswap is built on Ethereum, and MeanFi is built on Solana. That brings a couple of advantages, like:
  1. 1.
    Near-zero gas fees, compared to dollars in Ethereum.
  2. 2.
    The fastest blockchain in production with sub-second finality, vs 10-12 seconds in Ethereum.
  3. 3.
    No need for Layer-2 solutions to scale. With up to 50k TPS, Solana is fast and secure on the base layer, with no need to bridge assets to side chains or any L2.

How is MeanFi Exchange different from the other DEXes, like Raydium, Orca, or Saber?

Raydium, Orca and Saber are AMMs with siloed liquidity pools. Instead of trying to figure out which of these has the best rates, and deepest liquidity at any given moment in time, you can come to MeanFi, and leverage them all under the same roof.
MeanFi uses a Hybrid Liquidity Aggregator, which brings together the liquidity from Serum's CLOB, as well as Raydium, Orca, Saber and many more. You know you are getting the best rates and prices across the entire liquidity ecosystem every time you make a swap on MeanFi. Go check it out πŸ‘‰https://app.meanfi.com/exchange

Why is the Mean Exchange not available to test in DEVNET?

Mean Exchange is a Hybrid Liquidity Aggregator that pools together liquidity from Orca, Saber, Raydium, Mercurial and Serum CLOB.
Some of these AMMs don't have public devnet deployment we can aggregate against for testing, and using our router, therefore making it impossible to use them in DEVNET.
We are working with these AMM partners to enable DEVNET for testing and will update the app once available.

What is a DCA?

DCA stands for Dollar Cost Averaging and it is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals.
Centralized apps like Coinbase or Binance have provided this service for years, to make it easy for people to invest in crypto. However, these apps are centralized custodial entities where the users have no control over their funds, and therefore fall victim to numerous hacks where you can end up with frozen funds, or lost altogether, like the Cryptopia, MtGox, and Coinbase hacks.
MeanFi gives you a decentralized, permissionless, and trustless way to do DCA, where you are always in control of your funds, and leverage the Mean Protocol DDCA contract to schedule repeating swaps to exchange/buy/sell crypto to stables and vice-versa. Go to the Exchange Tab, select your pair, and select the frequency to make it repeat.
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