Double Club — a protocol for optimizing profitability, votes and providing liquidity on the DDDX protocol.
About the Double Club project
The DDDX protocol — a decentralized exchange (AMM), where tokens can be exchanged, using liquidity provided by users. These users earn DDDX emissions. Those who block DDDX receive veNFT and a higher share of the DDDX reward. veNFT or DDDX with vote escrow is a concept, pioneered by Curve Finance, that aims to reward long-term users of the protocol. veNFT holders receive trading rewards from the protocol as well as voting rights to direct DDDX issuance.
If you want to block DDDX, Double Club allows you to receive a larger share of trading fees and rewards, as well as a share of the increased DDDX issuance, received by liquidity providers in exchange for you upgrading the protocol.
If you want to maximize voting power and impact on DDDX outliers and sensors, Double Club ensures that veNFT is always locked as much as possible to maximize voting power. This influence is controlled with a DOU token, which can be locked up for up to 16 weeks for additional rewards.
Other features:
| 1 | LPs receive a DOU reward of 4.2069:1, meaning that for every 4.2069 DDDX an LP earns, they receive 1 DOU. |
| 2 | As a result, DOU spikes follow an unrestricted DDDX spike and will decrease as DDDX spikes slow down. |
When liquidity providers deposit with DoubleClub, they earn a large share of the increased supply of DDDX. Those who block DDDX on Double Club receive, in return, a portion of the rewards they helped to raise. This 15% fee is shared between two groups: those who converted DDDX to DDDXdou and contributed it to the protocol receive 10% of the DDDX earned by the protocol in the form of vanilla DDDX tokens. Those who have locked the DOU token receive the remaining 5% as DDDXdou. This strikes a good balance between DDDX protocol liquidity providers and DDDX blockers.
Rules for using defi app
Getting started with Double Club is very easy. All you need is a cryptocurrency wallet like Metamask to interact with the dAPP. Since DoubleClub is on the BNB (Binance Smart Chain, BSC) chain, you will need some BNB to complete transactions since BNB helps to pay gas fees. If you don't have BNB, you will need to purchase it from a centralized cryptocurrency exchange that serves your region or from decentralized exchanges like PancakeSwap. Once you and your wallet are ready, go to Double.Club, log in to the app and connect your wallet to start.