dexSHARE

dexSHARE

DEXSHARE
$0.126592209%-9.61

Key Metrics

Price$0.126592209
Real Volume (24H)$551.31
Marketcap$2,482.14
Fully Diluted ValuationN/A
ATH$414.96
ATH Date7/19/2022, 8:59:10 PM
ATL$20.14
ATL Date11/23/2022, 4:25:23 PM
Circulating SupplyN/A
Total SupplyN/A
WebsiteN/A
WhitepaperN/A
Popularity Rank4218
Chart
What is dexSHARE?

DexSHARE is a part of a larger multi-token token system that serves as a measure of value in the Money Market Protocol. As a dexSHARE holder, individuals can exercise their voting rights in governance and participate in proposals that aim to improve the protocol and enhance future use cases within the Money Market.

The Dex Money Market is an algorithmic reserve protocol that employs multi-step auto-compounded strategies and ETF rewards to create a unique multi-token protocol that empowers users by simplifying advanced trading strategies used by experienced investors. The protocol offers a single regulatory mechanism and protocol-owned liquidity, consisting of three corresponding tokens - USDEX, dexSHARES, and dexETF.

Dex Money Market draws inspiration from precursive projects like Tomb Finance, Olympus DAO, Balancer, and Beefy Finance. However, it stands out as a one-of-a-kind protocol that promotes growth through a low-risk algorithmic trading model.

The Dex Money Market operates on a three-token system designed to work in harmony with one another. The protocol employs advanced tokenomics to achieve 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

To maintain the price of the peg token without putting investors at risk, the Dex Money Market follows a unique model. After the presale, the only new supply of USDEX tokens that go into circulation comes from the regulation pool (boardroom).

In the traditional model, these tokens would be immediately dispersed to boardroom stakers every epoch based on the time-weighted average price (TWAP). However, the Dex Money Market model operates differently.

In this model, the stakers do not receive USDEX. Instead, the protocol takes in all the newly minted USDEX and then sells only enough to bring the price back to the peg. The protocol then only sells (or puts into circulation) enough USDEX that the treasury can buy back at the peg price.

The profits from the sale of USDEX tokens are then converted to dexETF tokens and redistributed back to dexSHARE stakers. If stakers wish to sell these rewards, they can do so without impacting the peg token's price.

The Money Market protocol controls the supply of peg tokens by only selling when the price is optimally above peg and by only selling an amount that can be covered by treasury-backed assets. This ensures that the USDEX that was previously sold can be bought back if needed.

The Dex Money Market protocol stands out as a revolutionary algorithmic reserve protocol that employs a three-token system designed to work in harmony with one another. With advanced tokenomics, the protocol aims to maintain the price of the peg token, while also allowing less experienced investors to participate in high-yield farming and preventing yield farmers from pillaging liquidity pools.

DexSHARE holders play a vital role in governance by participating in proposals to improve the protocol and future use cases within the Money Market. Overall, the Dex Money Market protocol offers a unique approach to algorithmic trading that promotes growth through a low-risk model, making it an attractive option for investors.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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