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What Is dexSHARE?
dexSHARE is part of a multi-token token system and can be considered a measure of value in the Money Market Protocol. dexSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Money Market protocol.
What Is the Dex Money Market?
Dex Money Market is an algorithmic reserve protocol with multi-step auto-compounded strategies and ETF rewards. Our protocol offers a single regulatory mechanism and protocol-owned liquidity. The Money Market consists of three corresponding tokens – USDEX, dexSHARES, and dexETF.
Inspired by precursive projects before us (Tomb Finance, Olympus DAO, Balancer, Beefy Finance), we have developed a truly unique multi-token protocol that empowers users by simplifying the advanced trading strategies employed by experienced investors and promotes growth through a low-risk algorithmic trading model.
So whats different?
Money Market operates on a three-token system designed to work in harmony with one another. Our protocol uses advanced tokenomics to accomplish three primary objectives.
Maintain the price of the peg token without putting investors at risk. Allow less experienced investors to participate in high-yield farming. Prevent mercenary yield farmers from pillaging liquidity pools.
How does it work?
After presale, the only new supply of USDEX going into circulation comes from the regulation pool (boardroom).
In the traditional model, these tokens would be dispersed to boardroom stakers immediately every epoch based upon the TWAP.
In our model, the stakers do not receive USDEX. Instead, the protocol takes in all of the newly minted USDEX and then only sells enough to bring it back to peg.
Once the protocol sells the correct amount of USDEX, those tokens (which are now counted within the circulating supply) can be bought or sold – so the protocol never sells (or puts into circulation) more than the treasury can buy back at the peg price.
The profits from the sale of those USDEX tokens are then converted to dexETF tokens and redistributed back to dexSHARE stakers. If these stakers decide they want to sell those rewards at this point, they can do so all they want as this has no impact on the price of the peg token.
The Money Market protocol controls the supply of peg tokens by only selling when the price is optimally above peg and only selling an amount that can be covered by treasury-backed assets so the USDEX that was previously sold can be bought back if needed.
Where Can I Buy dexSHARE?
dexSHARE is available for trading on decentralized exchanges such as PancakeSwap.
New to cryptocurrency? Read BYDFis easy guide to buying Bitcoin or any other token.
Answers
What Is dexSHARE?
dexSHARE is part of a multi-token token system and can be considered a measure of value in the Money Market Protocol. dexSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Money Market protocol.
What Is the Dex Money Market?
Dex Money Market is an algorithmic reserve protocol with multi step auto-compounded strategies and ETF rewards. Our protocol offers a single regulatory mechanism and protocol owned liquidity. The Money Market consists of three corresponding tokens – USDEX, dexSHARES and dexETF.
Inspired by precursive projects before us (Tomb Finance, Olympus DAO, Balancer, Beefy Finance) we have developed a truly unique multi-token protocol that empowers users by simplifying the advanced trading strategies employed by experienced investors and promotes growth through a low-risk algorithmic trading model.
So whats different?
Money Market operates on a three token system designed to work in harmony with one another. Our protocol uses advanced tokenomics to accomplish three primary objectives.
Maintain the price of the peg token without putting investors at risk.Allow less experienced investors to participate in high yield farming.Prevent mercenary yield farmers from pillaging liquidity pools.
How does it work?
After presale the only new supply of USDEX going into circulation comes from the regulation pool (boardroom).
In the traditional model, these tokens would be dispersed to boardroom stakers immediately every epoch based upon the TWAP.
In our model, the stakers do not receive USDEX. Instead the protocol takes in all of the newly minted USDEX and then only sells enough to bring it back to peg.
Once the protocol sells the correct amount of USDEX, those tokens (which are now counted within the circulating supply) can be bought or sold – so the protocol never sells (or puts into circulation) more than the treasury can buy back at the peg price.
The profits from the sale of those USDEX tokens are then converted to dexETF tokens and redistributed back to dexSHARE stakers. If these stakers decide they want to sell those rewards at this point they can do so all they want as this has no impact on the price of the peg token.
The Money Market protocol controls the supply of peg tokens by only selling when the price is optimally above peg and only selling an amount that can be covered by treasury backed assets so the USDEX that was previously sold can be bought back if needed.
Where Can I Buy dexSHARE?
dexSHARE is available for trading on decentralized exchanges such as PancakeSwap.
New to cryptocurrency? Read BYDFis easy guide to buying Bitcoin or any other token.
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Popular Q&A
- Can you explain how dexshare plays a role in enhancing the liquidity of the cryptocurrency market? What specific features or mechanisms does dexshare have that contribute to this liquidity?2021-11-25
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