DDDX AMA Transcript

” A decentralized exchange that has launched on the BNB Chain with low fees and a strong focus on secondary markets for tokenized locks as NFT´s “

Stephanie (BSC.News)

Hello everyone and welcome to the AMA with DDDX! Today we have Lucas (@DDDXadmin) joining us to talk about their exciting new project. Great to have you here 🙂

DDDX.io

Thank you for having me here Stephanie 🙂 hello everyone!

Stephanie (BSC.News)

Welcome! So we will dive right into the questions. Sounds good with you?

DDDX.io

yes sure, my pleasure:)

Stephanie (BSC.News)

Awesome! So to kick things off, for those who may be unfamiliar…

1. I think we all want to know what DDDXs is all about. So please give us a short summary of the project.

DDDX.io

sure, so the DDDX Protocol is a new decentralized exchange with dual AMM algorithm that supporting voting escrow tokenomics. It features low cost (0.01% fee for stable assets, 0.25% fee for the rest), near 0 slippage for both uncorrelated or tightly correlated assets trading by using two different curve, and veToken governance model for liquidity providers and traders, we want to hand over governance power to the community and let the community vote on the emission of tokens.

Stephanie (BSC.News)

Okay neat, so to dive even deeper into that

2. Why did you choose the BNB Chain for Mainnet Dex Launch and not another platform?

DDDX.io

Numerous Reasons behind this decision.

1. The BNB Chain has shown tremendous growth since its inception.

2. User experience — This is a major deciding factor for us, ethereum and uniswap showed us the strength of a Decentralised world, but the barrier to entry is not very easy in the case of ETH. Say an intern at DDDX might not be able to try out products built on top of ETH for a single reason that it has a too high a cost. Binance solved this well.

3. Volume, Liquidity, and Slippages — If you see any small-cap coin <$50 million, which is on both ETH as well as BNB chain, BNB chain is a clear winner, for the reason, that adding and removing liquidity is easier on BNB chain, trading is easier, and therefore there is a higher volume.

4. We have seen mature governance mode on the ETH chain and seen the prosperity brought by Curve War, and BNB Chain also needs this kind of governance, so we are the first

Stephanie (BSC.News)

Okay nice! Thanks for that clarification. But let’s unpack a bit as there was a lot I wanted to touch on. So first let’s talk about your governance right.

3. I noticed that you want to hand over the governance right to the community. This idea comes from Curve War, right? How did you do it?

DDDX.io

Right, Curve has brought a huge innovation in governance rights, and we have really been inspired and brought some improvements.

By providing liquidity, users can get our governance token $DDDX, and lock DDDX in exchange for voting rights. Users can exercise the right to vote to decide which liquidity pool gets the emission of DDDX.

In the past, the emission of tokens depends on the platform, but now the decision is in the hands of users. In addition, token holders will also receive a variety of incentives.

4. Super cool, so what incentives can users get?

DDDX.io

There are many, for example, transaction fee sharing, voting governance incentives, accelerated mining incentives, etc.

On top of that, we have bribes: when users can decide which liquidity pool gets DDDX emissions, 3rd party protocols have an incentive to bribe users to vote!

let me be more specific

1.Low fee of 0.01% for stable coin exchange, double AMM curve to achieve low slippage.

2.Participate in voting and receive fees and bribers for the liquidity pool you voted for.

3.The project party can create a bribery reward pool to motivate the liquidity.

4.Participating in locking DDDX can get inflation rewards, and the holding ratio will not be diluted.

5.Participating in locking DDDX can obtain veNFT, veNFT can be transferred, leased, etc.

Stephanie (BSC.News)

Awesome! Gotta check this out asap!

5. Do you have any cooperation partners?

DDDX.io

If we are #Curve+#Uniswap on BNB chain, then our cooperation partner Double.Club is Convex, let me give you a short introduction about Double.Club.

It’s more like a aggregator on DDDX that boost reward

As a liquidity providers —— After add liquidity in DDDX, you can actually stake LP on DoubleClub to double your reward:

1. Earn DDDX: earn DDDX emission directly from DDDX Protocol

2. Earn DOU: 1 DOU for every 4.2069 DDDX earned.

As a DDDX lockers —— Convert your DDDX or veNFT to DDDXdou (one-way).

1. Earn Liquidity Provider fees: 10% of all DDDX farmed by the protocol.

2. Earn DOU: 3.5% of the DOU that gets minted.

As a DOU lockers —— Lock up your DOU tokens for up to 16 weeks.

1. Vote on gauges: Decide which gauges to earn future DDDX emissions using the protocol’s veNFT.

2. Earn trading fees & bribes: Earn a share of the total trading fees and bribes earned by DoubleClub.

3. Earn DDDX expansions: Earn a share of the total DDDX earned by veNFT expansions.

4. Earn Liquidity Provider fees: 5% of all DDDX farmed by the protocol.

This may sound complicated, but if you have participated in Curve War, you will feel the advantages, you can refer to our docs for more

Stephanie (BSC.News)

I find this very innovative. The community will love this new way of governance: users vote on the emission of tokens!

6. Other than that, what’s the difference from other DEXs?

DDDX.io

We are more like a combination of Uniswap and Curve.

The algorithm for stable currency is constantly developing. Every new project party wants to replace the status of USDC, USDT, DAI in the ecology from a different perspective, but the thing is how to ensure sufficient liquidity?

The best way is to enhance the direct liquidity of different stablecoins and fully ensure that all stablecoins can be freely exchanged, and this is exactly what we have done.

Currently, we have not seen stablecoin exchange and community governance on BNB Chain. Combining the protocols together, we are the first

Not only that, we have also optimized the exchange algorithm and have two sets of different exchange curves. All BEP-20 tokens can be freely exchanged

We also get inspired by Solidly.Exchang, its popular on Fantom, introduced by Andre Cronje and made some improvements

1. Adjust the non-stable currency asset exchange fee to 0.25%

since the fees are the motivation for community governance, and increasing the fee income can effectively ensure the interests of the community to participate in voting governance.

2. Reduce the emission rate of the governance tokens

$DDDX, thus effectively reducing the early selling pressure, and benefit the long-term development of the project.

Stephanie (BSC.News)

Brilliant, thank you! Lots to look forward to

7. Can you tell us about tokenomics?

DDDX.io

oh Yes

70% $DDDX will be used for liquidity incentive and token lockup incentive.DDDX.io, [3/14/2022 11:29 PM]

5% – Airdrop

Locked for 4 years, issued in the form of veNFT, holders will receive token lock-up incentives, bribe incentive and fees.

4% are used for cooperation between protocols in the initial state, and 1% are used for airdrop during launch.

10% – Development Fund

Locked for 4 years, issued in the form of veNFT. Used to fund development and expansion teams.

5% – Strategies Fund

Locked for 4 years, issued in the form of veNFT. for future strategic development. These include exchange listing fees, code security audits, third-party services, contract partner liquidity provision, and more.

10% – Institutional Investors

9% lock-up for 4 years, issued in the form of veNFT, 1% as initial liquidity and for bribe incentives before the first inflation.

Stephanie (BSC.News

Great! Moving on..

8. I see you guys also have a unique launch plan? Can you please tell us about it?

DDDX.io

We want to establishe a new paradigm for liquidity incentives. so we need community members that share our values.

We’ll be airdropping 1% of the $DDDX total supply to wallets who participated in #Solidly.Exchange governance.

To make the cut you would have had to take the actions below.

veNFT holders who participated in lock-up on Solidly.Exchange before March 8, 2022

You can check the details on our website:

Stephanie (BSC.News)

How exciting! make sure to check the airdrop details, community!

Last but not least…

9. Where can I find more information about DDDX?

Stephanie (BSC.News)

Due to technical problem, let me share the links 😃

I’m here to give you a list, and welcome to the DDDX community!

Official website:

Twitter:

Telegram:

DDDX.io

haha Thank you Stephanie 🙂

Stephanie (BSC.News)

Thank you for the links! If you haven’t already make sure to go and check out DDDX everyone! Super exciting project that you don’t want to miss out on 🙂

Source : bsc.news