Introduction

In the world of Decentralized Finance (DeFi), achieving even the simplest of task can be a challenge due to the complexity and fragmentation of the ecosystem. Each protocol has its own set of rules, interfaces, and smart contracts, which can be overwhelming for both new and experienced users. Understanding the risks, rewards, and mechanics of each protocol demands time and expertise.

Moreover, achieving these goals often requires executing a series of manual steps, which can be tedious and error-prone. For instance, to participate in yield farming, a user might need to acquire the right tokens, approve them for use in a specific protocol, stake them in a liquidity pool, and then stake the received liquidity tokens in a farming contract. Each of these steps needs to be performed individually and in the correct order. This complexity not only poses a barrier to entry for new users but also limits the efficiency and potential of DeFi for more experienced participants.

It's in addressing these challenges that solutions like the Free Market Protocol, with its automated workflows, can bring significant value and user-friendliness to the DeFi space. Free Market Studio This intuitive platform is designed to empower users, traders, developers, and builders to create, automate, and execute their own workflows in the blockchain world. Whether you're a seasoned developer or new to the on-chain environment, Free Market Studio offers a user-friendly interface and a robust set of tools to help you build quality of life improvements and streamline your on-chain operations. This guide will walk you through the basics of setting up, navigating, and utilizing the Free Market Studio to its full potential.

What is Free Market Protocol?

Free Market Protocol (FMP) provides on-chain middleware infrastructure that enables the automation, integration, and execution of workflows, facilitating seamless interactions between multiple decentralized applications (dapps), even across different blockchain networks. The core protocol is made accessible via a Typescript SDK, allowing integration into web sites and backend NodeJS processes.

What are Free Market Workflows?

Free Market Workflows are a set of instructions that can be executed on-chain via the on-chain FMP workflow engine. Workflows make it easy to move assets between different protocols such as Decentralized Exchanges and Lending platforms. Workflows contain a set of steps that are executed in sequence to achieve a higher level goal. Within a blockchain, all the steps are executed within a single transaction, requiring just a single approval. Workflows can also span multiple blockchains, allowing assets to be moved between different networks.

What is Free Market Studio?

Free Market Studio is the workflow development environment for Free Market Protocol. It provides a user-friendly interface for creating, testing, and running workflows. Workflows can be tested against forked networks, providing a reliable means to validate the correctness of the workflows without risking any capital. The Studio also provides a set of pre-built workflows that can be used as-is, or customized to meet your needs.

For the latest information about Free Market, visit our home page at https://fmprotocol.com