Presenting Pandora — DEXG’s 4th staking round.

We would like to announce the 4th staking round, Pandora which will be the halfway point of our staking program for the DEXToken project.

The ‘LUNA’ and ’CALYPSO’ staking round saw over 99% of the Balancer liquidity provider BPT tokens staked, the DEXG staking mechanism continuing to be the the projects cornerstone of fair distribution and decentralisation of the DEXToken Protocol. With the third staking round concluded, we are now moving ahead in the staking timeline, presenting PANDORA.

Like the LUNA and CALYPSO rounds, this fourth staking round also adopts the liquidity locked staking model, utilising our DEXG/USDC shared Balancer Pool. Please refer to our previous announcement for a detailed explanation of the pool.

Continuing with our staking and supply distribution model, the PANDORA staking round will distribute 3,150 DEXG as staking rewards. This takes into account the existing ATH and an active user base of around 600 wallets. Accordingly, the circulating supply will increase from currently 39,750 DEXG to 42,900 DEXG after the PANDORA staking round concludes.

The PANDORA round will adopt the staking rules in the LUNA and CALYPSO rounds. Recap the rules as follows.

  • Same as in the CALYPSO round, the PANDORA staking round will also accept the DEXG/USDC BPT token for deposit and staking.

For more details, please refer to the DEXG ‘LUNA’ Staking Round article.

PANDORA: Round Quickview

PANDORA: Reward Calculation

Like in the ‘LUNA’ and ‘CALYPSO’ round, the amount of issued DEXG staking rewards depends on the share of the total staking pool. For example, a 1% share of the total staking pool would yield 1% (31.50 DEXG) of the total staking rewards (3,150 DEXG).

  • My BPT Locked: The amount deposited DEXG/USDC LP BPT tokens locked in the staking dApp.

PANDORA: Staking Policy

The PANDORA round will adopt the staking policy in the LUNA and CALYPSO rounds.

  1. BPT Deposits: DEXG/USDC liquidity providers can deposit BPT tokens from deposit opening to staking end, deposits will not be closed in-between.

Every staking round has a separated staking smart contract so that stakers have to withdraw BPT tokens from the ended staking round and deposit these BPT tokens to the next rounds staking dApp. However, as mentioned before, stakers can leave their BPT within the dApp in the time between the rounds to support the project’s buyback incentive.

Buyback

During the CALYPSO staking round the staking contract mined ~149.69 BAL. A combined of ~288 BAL liquidity mining rewards in total will be used to buybacks. We will share a community update when this has taken place.

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© DEXG Team

DISCLAIMER:

DEXG tokens are not intended to constitute securities in any jurisdiction. The white paper does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.

The Flowchain Foundation Limited disclaims any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in this white paper, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom.

The value of DEXG tokens is currently very volatile. Flowchain Foundation (“Company”) does not have any means of stabilizing the token value, please buy at your own risk. Unlike bank accounts or accounts at some other financial institutions, DEXG are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you. Because DEXG are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or DEXG. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the DEXG and the platform, including the utility of the DEXG for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.

Dextoken Protocol is an automatic market maker infrastructure with a pricessless model.