Blackhole is a new generation decentralized exchange (DEX) on Avalanche, focusing on providing early liquidity for Web3 projects through Genesis Pools and a dual veNFT governance mechanism.
This platform combines a Liquidity Hub, improved Tokenomics system, and diverse AMM solutions, supporting both Gaming and AI, aiming to optimize capital efficiency, protect token value, and develop a sustainable ecosystem.
MAIN CONTENT
Genesis Pools help projects raise liquidity before TGE, balancing the market early.
The dual veNFT system Singularity & Supermassive increases scarcity and governance power.
Diverse AMM mechanisms, automatic token burns, and transparent emissions distribution ensure long-term development.
What is Blackhole?
Blackhole is a new generation DEX operating on Avalanche, positioned as a Liquidity Hub supporting Web3 projects to build liquidity from the early stages.
The platform uses Genesis Pools for the community and projects to contribute before TGE, helping to balance the market and increase initial interaction. This is a significant difference compared to many traditional DEXs.
"Early liquidity is a key factor for Web3 projects to avoid turmoil after TGE. Blackhole directly addresses this issue."
— Insights from the Avalanche Ecosystem report, 2024
What is the mission of Blackhole?
The mission of Blackhole is to provide a fair, sustainable, and scalable liquidity platform, facilitating Web3, Gaming, and AI projects to easily access capital and community.
Through the dual veNFT model and diverse AMM mechanisms, Blackhole aims to build a self-sustaining ecosystem where the community both governs and benefits.
What is the key difference of Blackhole?
Blackhole stands out with Genesis Pools pre-TGE, the dual veNFT system Singularity and Supermassive, along with an automatic token burn mechanism that helps increase long-term scarcity.
Additionally, the platform provides diverse AMM solutions: from UniV2-style, Stablecoin AMM to Concentrated Liquidity, optimizing user experience and capital efficiency.
"The improved ve(3,3) model along with permanent token burn creates sustainability that few DEXs achieve."
— John Wu, President of Ava Labs, 2024
How do Genesis Pools in Blackhole work?
Genesis Pools is a liquidity raising mechanism before TGE, where the community contributes p-token to form a pool. If the threshold is met, the pool is created, and LP tokens are staked automatically to receive BLACK rewards.
Conversely, if the threshold is not met, all p-tokens are returned. This approach reduces risk for investors and ensures the project has initial capital.
What types are included in Blackhole's dual veNFT?
Blackhole implements a dual veNFT system: Singularity veNFT (locking from 1 week to 4 years) and Supermassive veNFT (permanent locking, burn token).
Supermassive veNFT provides non-diminishing voting power, along with a 10% Rebase bonus and a 10% Boost Vote, creating strong incentives for long-term investors.
"Permanent token locking and burn mechanisms increase community trust, helping to protect the long-term value of BLACK."
— Messari Research, Tokenomics Report, 2024
What role does the token burn mechanism of Blackhole play?
Burning Supermassive tokens helps reduce the long-term supply, increasing scarcity and protecting the price of BLACK.
This mechanism not only limits selling pressure but also builds community trust in the project's sustainable development goals.
What AMM models does Blackhole apply?
Blackhole implements various AMM models: UniV2-style, Stablecoin AMM, Concentrated Liquidity, and supports customizable plugins through Algebra Integral.
This diversity helps users choose appropriate liquidity provision strategies while optimizing profits and reducing risks.
How is the BLACK token used?
The BLACK token is the main utility token, used to receive emission rewards, participate in governance, and lock into veNFT.
Through this system, BLACK serves as both the liquidity center and a long-term incentive tool for the community.
How does the Voting & Emissions mechanism in Blackhole work?
Every epoch (7 days), veBLACK holders vote to allocate emissions to pools. Emissions are distributed based on the voting ratio.
veNFT holders receive swap fees from the voted pool along with bribes from partners, ensuring fairness and transparency.
How do rebase and rewards in Blackhole work?
Each week, veNFT holders receive Rebase based on the locking ratio and supply. Supermassive veNFT receives an additional 10% Rebase bonus.
The longer the lock, the greater the voting power, and the higher the revenue share, encouraging long-term holding.
"The Rebase model combined with vote-escrow helps retain the community for many years instead of just a few months."
— Delphi Digital, DeFi Governance Report, 2023
What is Blackhole's development roadmap?
The project is in the development phase, promising to update its roadmap regarding products, partners, and funding soon.
Frequently Asked Questions
Does Blackhole support Gaming and AI projects?
Yes, the platform is designed to support Gaming and AI, helping projects easily raise capital and expand the ecosystem.
Are Genesis Pools safe for investors?
Yes, if the threshold is not met, all p-tokens will be refunded, minimizing risks for investors.
What makes Supermassive veNFT special compared to Singularity veNFT?
Supermassive veNFT locks permanently and burns tokens, receiving a 10% Rebase bonus and a 10% Boost Vote, unlike Singularity which only locks from 1 week to 4 years.
What benefits can users receive by participating in Voting?
veNFT holders receive swap fees, bribes from partners, and a share of emissions based on the number of votes.
Does Blackhole have a mechanism to prevent price manipulation?
Yes, the 30-minute TWAP mechanism helps limit flash loans and ensure stable liquidity.
Source: https://tintucbitcoin.com/blackhole-la-gi/
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