FRAX x DDDX.io Proposal (Vote to Earn)

Governance Proposals Miscellaneous
1

Greetings Fraxmalists.

I’m Alice from DDDX Team.

DDDXio is a stablecoin DEX 2.0 platform with particular advantages. It realizes a dual AMM mechanism, extremely low slippage and 0.01% transaction fee. DDDXio is also a community-led DEX platform supporting voting escrow tokenomics (veToken governance) .

Maximum TVL：:heavy_dollar_sign: 420,000,000

Partners on BNB Chain: Autofarm, Beefy, dForce, Moonpot, RabbitFinance etc.
Audited by: CERTIK ( DDDX.io - CertiK Security Leaderboard)

Currently deployed on BNB Chain, DDDXio plans to deploy & launch on Ethereum soon!
DDDX.io hopes to invite Ethereum ecological partners like FRAX to participate in the launch plan and protocol governance.

DDDXio Launch Plan on Ethereum

The total initial supply is 10,000,000 DDDX(100%). Of which 3,000,000 DDDX (30%) will be minted on the launch of project ; 2,900,000 DDDX (29%) will be automatically locked into veNFT for distribution; 100,000 DDDX（1%）will be used as initial liquidity.

A total of 10% (1,000,000 DDDX) will be airdropped to ecological partners on Ethereum, including stablecoin protocols, yield-like protocols, etc. Each project will receive a 1% DDDX airdrop (In the form of veNFT). We will select 10 major projects to attend.

Ecological partners who have received the veNFT can create a trading pair and vote for themselves, in the consequence the trading pair will get DDDX token emissions rewards which will be used to incentivize the liquidity providers.

DDDX will provide to FRAX :

  • 1% of Initial total supply of DDDX tokens (in the form of veNFT), i.e. 1/29 of the initial voting rights.
  • FRAX team creates its trading pair on DDDX, and FRAX can vote for itself’s trading pair. In consequence, the liquidity providers will receive the DDDX emission rewards.
  • After voting, FRAX will receive the exchange fee rewards of the transaction pair they voted for.
  • DDDX will share also traffic resources to support FRAX.

We hope FRAX to:

  • Make joint marketing activity, FRAX need announce the cooperation reached in the community, and invite users to participate in the launch plan of DDDX.
  • Build token liquidity on DDDXio and encourage token holders to trade via DDDX platform.

That’s our special proposal for FRAX, if you have better ideas, we’re also open to more possibilities to cooperate and adjust. Kindly leave your comments and let us know. Thank you all guys!

2

Hi, I see that you already have a token on BSC, why launch a new one?

5

That’s a good question, let me explain you about it,

DDDX team believe the DDDX protocol has a better AMM algorithm than Curve especially for the stablecoin assets, it brings a better governance model and economic model.

Even on different chains the users‘ demand for a lower trading fee and lower slippage is the same. We trust DDDX protocol can help this group of users.

From those considerations, we decide to deploy this protocol on multi chains, and unite the other protocols on the chains for a common governance.

Once deployed on Ethereum, the token will be named as DDDE, it will be a completely new and independent ecosystem. DDDX and DDDE cannot be converted with each other through cross-chain bridges.

The reason is,

We think the DDDX token has not only the function of governance in the DDDX protocol, but it is also the interest certificate for the trading fee incomes generated on the DEX. When deployed on Ethereum, all the trading fees will be returned to the users who have locked the DDDE as veNFT and participated in the voting and governance.

On different chains the trading demands are variant, so as the trading fees. The benefits to the governance users are meant to be different. That’s why we take this strategy and go to deploy on multi chains.