Greetings Fraxmalists.
I’m Alice from DDDX Team.
We updated our proposal for Frax, and hope to hear about your ideas!
About DDDX. io
DDDX. io is a DEX 2.0 platform for stable currency swaps. With the new AMM algorithm it achieves extremely low slippage and a 0.01% fee rate. Similar to Curve Finance, DDDX. io is also a community-led DEX platform that supports veToken governance (voting escrow tokenomics ) and ve(3,3) tokenomics.
Currently deployed on BNB Chain, DDDX. io plans to deploy & launch on Ethereum. Based on this, DDDX. io hopes to invite Frax as one of the Ethereum ecological partners to participate in the launch and the protocol governance.
DDDX protocol has done many optimizations and upgrades on the basis of the Solidly protocol launched by AC, and has a better economic model and transaction experience than Solidly. As we witnessed when Solidly was first deployed on Fantom, it has brought more than $ 2 billion of TVL to FTM, bringing impressive liquidity to the 20 protocol partners who have wisely participated in the governance.
We believe that the deployment of DDDX on Ethereum will also bring benefits to our partners, bring Frax more exposure and liquidity, and boost the growth of Frax.
Audited by : CERTIK
Partners on BSC: Autofarm, Beefy, dForce, Moonpot, RabbitFinance etc.
Whitepaper & Tokenomics: Launch Plan on Ethereum - DDDX.io
DDDX. io & Frax Finance Proposal:
1.Official FRAX listing on DDDX. io under FRAX-USDC pair
- With an official listing, FRAX-USDC can be easily accessed.
- Start liquidity is required on DDDX platform- $5,000,000 in FRAX and $5,000,000 in USDC
- The liquidity will be kept in the FRAX-USDC pair, which will be considered as a safety measure and add the trust of users, good for long-term users growth.
- Frax Finance users will enjoy the lowest platform fee of 0.01% to swap for FRAX.
- DDDX platform has a better stablecoin algorithm and governance model than Curve, will make the slippage of the FRAX-USDC lower, to help the FRAX swap price more stable and accurate.
2. DDDX tokens airdrop for Frax team & community members:
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In tokenomics the initial total supply is 3,000,000 DDDX.
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To start the partnership with Frax, 150,000 DDDX tokens (5% of the total supply ) will be shared to you in the form of veNFTs:
-For Frax team： 40% (60,000 DDDX)
-For Frax community members：60% (90,000DDDX) through random airdrops to 1000 users who hold ≥50,000 FRAX in their wallet. FCFS.
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When Frax team and the community members get the veNFTs airdrop, they can vote for FRAX-USDC trading pair.
With these important votes, the FRAX-USDC pool will generate DDDX emission rewards, which will be sent to motivate the liquidity providers.
The Voters for FRAX-USDC can get the transaction fee and Bribe rewards of the trading pair.
3. Creating FXS Bribes Plan for 28 days.
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Frax provides a Bribes plan for 4 weeks, sharing $ 40,000 of FXS per week, to reward the users who vote for the FRAX-USDC trading pair.
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Providing bribes will attract more users to vote for this trading pair.
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And with the votes, the trading pair will get more DDDX tokens emissions, thus will attract more liquidity providers to add liquidity to FRAX-USDC, and will bring more interest to your token.
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The sum of the bribes should be $ 160,000 of FXS.
4.Others
- Adding DDDX on the Frax Staking page: https://dddx.io/
- Cross-marketing on Twitter & Discord
- The DDDX protocol will be very glad to consider any potential integration in Frax Finance projects.
Dear all guys! What do you think about this?
Kindly leave your comments and let us know!
Thank you & looking forward to working with you soon!