FlatQube - Exchange Review

FlatQube is a decentralized AMM platform built on Everscale, created by the Broxus team. It supports token swaps, liquidity farming, staking rewards, and community governance through its QUBE token.

What’s the concept

The protocol aims to provide a high-speed, censorship-resistant DEX with passive income options. Liquidity providers can vote via DAO mechanisms to adjust APRs and yield settings. The design centers on non-custodial trading using a constant-product AMM formula.

Trading volume and liquidity

Reported 24-hour volume is extremely low - between $11 and around $820 depending on the source. Only six coins across 18 trading pairs are available; the most active pair (USDT-USDC) accounts for nearly half of the daily activity. Liquidity depth is minimal, and trades per day remain scarce.

Security, compliance and transparency

FlatQube operates without formal regulation or audit reporting. No compliance frameworks are visible, and Everscale projects often lack external verification. Contract audits or ownership information have not been made public, leaving transparency concerns unresolved.

Community traction and visibility

Community footprint is minimal. Web traffic ranks are low, social media following is modest, and crypto forums rarely mention FlatQube. There are no user ratings or third-party trust scores on major review platforms.

Platform mechanics and fees

Swap fees are reportedly around 0.5 percent with adjustable slippage. Yield incentives are set through DAO voting and liquidity provision. However, due to low activity, these mechanisms remain largely theoretical and untested.

Pros and cons

Pros:

• Built with low-fee, non-custodial DeFi in mind on the Everscale chain
• Offers farming and staking with community-driven APR settings
• AMM model inspired by proven designs, leveraging Everscale performance

Cons:

• Trading volume is tiny - often under $1K per day
• Very few tokens and trading pairs
• No audits, no legal oversight, and no verified security
• No community engagement or external reviews
• Lack of transparency on smart contracts and liquidity

Final thoughts

FlatQube sets out an ambitious vision of yield farming and staking on Everscale, but current usage tells a different story. Liquidity is weak, volume nearly absent, and trust signals are missing. Right now, it feels more like an experimental project than a reliable exchange. If you plan to try it, proceed cautiously and limit your exposure.