Difference between revisions of "LynEx (LYNX)"
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=== Treasury === | === Treasury === | ||
* From the [https://lynex.gitbook.io/lynex-docs/tokenomics/initial-supply docs] (7-2023): | |||
"''A total of 16% from the initial supply has been set aside for the DAO treasury. This allocation will be locked in veLYNX for 24 months and used to vote on the most capital-efficient and profitable pairs. Additionally, the fee revenue generated will be utilized to cover operational expenses of the DAO."'' | |||
== Token == | == Token == | ||
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=== Inflation === | === Inflation === | ||
* [[Liquidity Provider (LP)|LPs]] will be paid by LYNX inflation, veLYNX holders will be compensated by [[fees]] and rebases. | * [[Liquidity Provider (LP)|LPs]] will be paid by LYNX inflation, veLYNX holders will be compensated by [[fees]] and rebases. veLYNX mechanics [https://lynex.gitbook.io/lynex-docs/tokenomics/initial-supply include] a rebase capped at 52% with a weekly decrease. | ||
''""W'' | |||
''Weekly emissions (at inception): 5,000,000 $LYNX.'' | |||
# ''Weekly emissions decay: 1%'' | |||
# ''Weekly developer wallet allocation: 4%'' | |||
# ''Weekly veLYNX rebases: Starts capped at 52% then the cap is reduced by 1% every week for 52 weeks until it reaches 0%'' | |||
# ''Emissions for liquidity providers: starts at 44% and grows up to 96% in the a period of 52 weeks."'' | |||
=== Utility === | === Utility === | ||
Revision as of 04:27, 11 August 2023
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
- From their docs (7-2023):
"Emergency "Council": A dedicated Council with Lynex core team members initially and later joined by community members and DeFi experts is empowered with important functions. They have the authority to take actions such as killing unproductive gauges, halting LYNX emissions to them, reviving killed gauges, and modifying the MSIG address."
DAO
Notable Governance Votes
Treasury
- From the docs (7-2023):
"A total of 16% from the initial supply has been set aside for the DAO treasury. This allocation will be locked in veLYNX for 24 months and used to vote on the most capital-efficient and profitable pairs. Additionally, the fee revenue generated will be utilized to cover operational expenses of the DAO."
Token
Launch
Token Allocation
For all the exact numbers, check out their docs (7-2023).
Inflation
- LPs will be paid by LYNX inflation, veLYNX holders will be compensated by fees and rebases. veLYNX mechanics include a rebase capped at 52% with a weekly decrease.
""W
Weekly emissions (at inception): 5,000,000 $LYNX.
- Weekly emissions decay: 1%
- Weekly developer wallet allocation: 4%
- Weekly veLYNX rebases: Starts capped at 52% then the cap is reduced by 1% every week for 52 weeks until it reaches 0%
- Emissions for liquidity providers: starts at 44% and grows up to 96% in the a period of 52 weeks."
Utility
Burns
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here]. Based off of forks of Solidly, Velodrome and Thena
- Deployed on Linea
How it works
Fees
Upgrades
Staking
Liquidity Mining
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
Usage
Projects that use or built on it
Competition
Other DEXs on Linea
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
- Some of its team comes from Apeswap
Funding
Partners
Partnered with Linea and Linea Bank
(:
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