# Liquify $LIQ Documentation

## Introduction

**Liquify** is a permissionless liquidity market, community-oriented **ve(3,3)** dex on Manta. It is a decentralized exchange that offers low-cost token exchanges and reduced swap fees.

### What We Are Building

Liquify is built on the ve(3,3) system, which rewards active user participation through voting, bribes, and decisions on whether to lock or unlock the governance token. The system aims to create an environment where users can actively choose to collaborate and create a cycle of growth that reinforces itself over time.

### How Do We Plan to Acheive It

When a majority of users lock their tokens, they can enjoy the economic benefits of the ve(3,3) model, including increased token yield, and reduced inflation of native tokens while controlling the circulating supply of the token. When making a trade on the LIQUIFY DEX, users pay a fee between 0.02% (stable pairs) and 0.4% fee (volatile pairs). 50% of the fees are returned to the veLIQUIFY holders every week, while the other 50% goes to the treasury. Most of the fees accumulated by the treasury will be used to buy back LIQUIFY tokens and build deep liquidity on the LIQ-ETH pool over time.
