LynEx (LYNX)

Ve(3,3) DEX on Linea

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:

Audits & Exploits

• Bug bounty program can be found [insert here].

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."

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."

The treasury is in the hands of the team:

"A 4% portion of the emissions is allocated to the treasury. The LYNX tokens in the treasury are used at the team's discretion to support various initiatives, including incentivizing core pools, funding developments, and marketing. The team has the flexibility to allocate these tokens strategically for the benefit of the project and its ecosystem."

Token

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.

1. Weekly emissions decay: 1%
2. Weekly developer wallet allocation: 4%
3. Weekly veLYNX rebases: Starts capped at 52% then the cap is reduced by 1% every week for 52 weeks until it reaches 0%
4. Emissions for liquidity providers: starts at 44% and grows up to 96% in the a period of 52 weeks."

Utility

Burns

• From the docs (7-2023):

"The DAO Treasury holds veLYNX tokens to optimize liquidity and collect swap fees. These fees are used for various operational activities, such as LYNX token buybacks and burns, bribing core pools, and funding development efforts."

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

Fees

• From the docs (7-2023):

"The trading fees on Lynex are kept in the same tokens being traded. The fees are dynamic and based on market conditions and volatility.

You can provide liquidity without staking the LP tokens. In this case, you may earn all of the trading fees for your proportionate share of the pool. There are no deposit or withdrawal fees. You can remove liquidity at any time."

Staking

• Works similar as other veTokens like Curve pioneered.

Liquidity Mining

• LPs will be paid by LYNX inflation, veLYNX holders will be compensated by fees and rebases.

Roadmap

• Can be found [Insert link here].

Competition

Other DEXs on Linea

Team, Funding and Partners

Team

• Full team can be found [here].
• Some of its team comes from Apeswap

Partners

Partnered with Linea and Linea Bank

(:

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