DDDX Protocol — a new dual AMM decentralized exchange that supports voting escrow tokenomics (veToken governance model). The protocol is implemented as a set of smart contracts and is designed to maximize capital efficiency and incentivize fees instead of liquidity.
About the DDDX Protocol project
The DDDX protocol features low cost (0.01% fee for a stable token exchange), near zero slippage for both uncorrelated and highly correlated assets trading, using two different curves, and a veToken governance model for liquidity providers and traders, thus, sets a new paradigm for liquidity incentives.
Inspired by Solidly.Exchange, the DDDX protocol has received the following improvements:
| 1 | Adjusted fee for the exchange of volatile foreign exchange assets to 0.25%, since fee income is a motivation for community management, and an increase in fee income can effectively ensure the interests of the community to participate in voting management. |
| 2 | The issuance rate of $DDDX tokens has been reduced, effectively reducing the pressure on early sales and benefiting the long-term development of the projec. |
If all participants lock their positions, the supply of the DDDX token decreases to 0, if only 50% of the participants block, the supply is 50%, and the supply is inversely proportional to the supply.
Unlike the traditional DEX, DDDX.io has two modes, stable and volatile, with two different trading curves. Stable mode, using the stable token algorithm curve. Volatile mode, using the volatile currency algorithm curve. Liquidity providers may choose two different algorithm curves when providing liquidity. Users are advised to select "Stable" mode when adding liquidity to stablecoin pairs in order to reduce temporary losses.
More about defi app
veNFT holders can decide which liquidity pool to vote for based on bribe incentives and transaction fees, and receive voting bribe incentives and liquidity pool transaction fees during the voting period. The reward for issuing DDDX tokens for each liquidity pool is determined by veNFT voting, and the higher the voting weight, the more shares.