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Rank #1792
Furucombo Price (COMBO)
Furucombo (COMBO)
$0.052739916192 1.3%
0.00000180 BTC 4.7%
0.00002680 ETH 4.5%
3,358 people like this
$0.050425659673
24H Range
$0.055472981590
Market Cap $1,617,745
24 Hour Trading Vol $32,012.87
Fully Diluted Valuation $5,277,487
Total Value Locked (TVL) $207,794
Fully Diluted Valuation / TVL Ratio 25.4
Market Cap / TVL Ratio 7.79
Circulating Supply 30,653,704
Total Supply 100,000,000
Max Supply 100,000,000
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COMBO
USD
USD

Furucombo Price Chart (COMBO)

Live Chart

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1h
24h
7d
14d
30d
1y
-0.2%
1.3%
-0.9%
-37.8%
-39.9%
-94.8%

COMBO Price Statistics

Furucombo Price Today
Furucombo Price $0.052739916192
Market Cap $1,617,745
Market Cap Dominance 0.00%
Trading Volume $32,012.87
Volume / Market Cap 0.0199
24h Low / 24h High $0.050425659673 / $0.055472981590
7d Low / 7d High $0.050619816995 / $0.055719786154
Market Cap Rank #1792
All-Time High $6.97 -99.2%
Feb 25, 2021 (about 1 year)
All-Time Low $0.050425659673 4.7%
May 20, 2022 (10 hours)

COMBO Price Today

Furucombo price today is $0.052739916192 with a 24-hour trading volume of $32,012.87. COMBO price is up 1.3% in the last 24 hours. It has a circulating supply of 31 Million COMBO coins and a total supply of 100 Million. If you are looking to buy or sell Furucombo, Hotbit is currently the most active exchange.

What was the highest price for Furucombo?

Furucombo hit an all time high of $6.97 on Feb 25, 2021 (about 1 year).

What was the lowest price for Furucombo?

Furucombo had an all time low of $0.050425659673 on May 20, 2022 (10 hours).

What was the 24 hour trading volume of Furucombo?

The 24 hour trading volume of Furucombo is $32,012.87.

Where can Furucombo be traded?

You can trade Furucombo on Hotbit, CoinEx, and LATOKEN.

What is Furucombo?

Furucombo is a drag-and-drop tool that allows users to build and customize different DeFi combinations (‘combos’ or ‘cubes’). These combos/cubes represent multiple protocol actions bundled into one transaction executed by Furucombo. 

As one of the most comprehensive DeFi aggregators, Furucombo connects different DeFi protocols such as Uniswap, Compound, and Aave in one place. Its lego-like interface simplifies the complexity in DeFi, allowing many lay-man users to reap the benefits of DeFi using Furucombo without coding knowledge.

 

Instead of clicking and confirming five Ethereum transactions, users of Furucombo will need to confirm only one - saving time and steps and simultaneously optimizing users’ actions to save on gas fees. 

What is COMBO?

COMBO is the token ticker for Furucombo. COMBO’s mission is to make the Furocombo V2 ecosystem stronger. As part of Furucombo’s comprehensive roadmap, the incoming Furucombo V2 will be an improved version of Furucombo that aims to:


  • Maximize capital efficiency (via increasing the number of builders and protocols)

  • Solve segmentation issue (via incorporating cross-chain solutions)

  • Launch pool combo systems so that users can be fund managers themselves

The functions of COMBO are as follows:

1. Fee sharing

At the moment, using Furucombo is entirely free. However, Furucombo will start charging fees sometime in 2021 to keep the platform running. As a COMBO holder, users will be able to collect returns on the following revenue sources:


  • Fees collected from using Furucombo.

  • Tokens awarded to Furucombo contracts such as UNI, SNX, etc.

  • Fee rebates received from protocols such as a partnership with Sushiswap, Aave, and so on.

2. Governance participation

COMBO tokens are used to govern Furucombo, where COMBO holders will have power in proposing, voting, and deciding on the following:


  • Listing of new combo/cubes

  • Delist current combo/cubes

  • New partnerships

  • Grants given to combo creators 

  • Distribute community reserved tokens 

How does Furucombo work? 

By dragging-and-dropping, the user can construct the inputs/outputs and the order of the cubes. Each cube arranged represents one specific interaction, such as taking a flash loan or swapping coins on Uniswap. Then, Furucombo chains these cubes up into one transaction and executes it. This makes Furucombo a useful tool for people who want to perform actions across different protocols, especially those who want to leverage flash loans. 

Flash loans let users borrow assets without any collateral, as long as the loan is repaid in the same transaction. Thus anyone with access to flash loans can access a huge amount of liquidity and can use the loan with other protocols however they want. Flash loans typically come with a high entry barrier for lay-man users as it requires coding skills. Furucombo addresses this problem because no coding knowledge is required for its platform.

So, Furucombo can provide arbitrage traders the opportunity to easily create arbitrage strategies consisting of the so far coders-only type of flash loans. Below is a potential combo that one could construct:


  1. Obtain a 15,000 DAI flash loan from Aave. 

  2. Swap DAI to yCRV using 1Inch.

  3. Exchange yCRV back to DAI using Curve. End up with 15,431 DAI, more DAI than before due to price differentials. 

  4. The loan amount of 15,013 DAI including Aave’s flash loan fee is repaid to Aave. The user is left with a profit of 418 DAI. All of these steps are executed within one transaction. 

Although Furocombo does not charge any fees for users to build ‘combos’, users are to trade at their own risk, as Furucombo does not find arbitrage opportunities for you. While using flash loans to make arbitrage trades on Furucombo does not require any upfront funds, you need ETH in your wallet to pay for the gas fee. Arbitrage opportunities are not always available on Furucombo, so a combo may fail if price difference no longer exists. The risk users face is to pay the transaction fees regardless of the outcome.

 

Here is a step-by-step guide to using Furucombo.

 

Why was this project started?

Furucombo was started to provide a platform for users to get creative with their trading strategies using different ‘combos’ to maximize returns. The drag-and-drop user interface enables users to participate in programmatic trading without knowing how to code. The possibilities of Furucombo are only limited to one’s creativity and grasp of market movements. However, there are pre-build combos where users can source inspiration.

How does Furucombo differ from others?

Projects like 1inch and Yearn Finance also provide aggregation platforms, but Furucombo differs from both. 1inch only aggregates DEXs, while Furucombo aggregates all kinds of DeFi protocols. On the other hand, Yearn Finance requires writing smart contracts to build a yield farming strategy. Furucombo differs from this, as it is essentially a ‘money lego’ toolkit that enables users to take advantage of the intricacies of DeFi without any coding skills.

How do I get COMBO?

You can obtain COMBO from 1inch, Uniswap, or Sushiswap. You can also find COMBO trading on various decentralized cryptocurrency exchanges.

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