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It's been quite interesting to watch the progression of DEX tokenomics: ve -> ve33 -> x33 .. and now we're seeing more variations 👀
@giga_dex is created by builders from bera chain and Trantor (former head of @etherexfi) and has some differences from other ve33/x33 exchanges. It will launch on Robinhood's chain.
$giga itself can be:
1) held liquid
2) locked for 6 months at a time as $veGIGA
when you lock, you then deposit into a vault of your choosing which grants you one of the following, streamed continuously:
1) more veGIGA
2) solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH
3) ethereum:native
4) $SPY tokens .. interesting 🙀
What else is novel about this exchange?
1) dynamically-adjusted emissions for highly performant (and lesser performing) LPs
2) continuous revenue flow to veGIGA
How will the protocol work to balance out emissions, you ask?
Introducing: GIGA MACHINE. It owns 20% of veGIGA starting off, and compounds more veGIGA weekly.
Notes:
-no token upon launch, there will be a six week points program
-I hold no GIGA/veGIGA
To learn more, here is a link to the docs: