could @etherexfi on @LineaBuild be what is @AerodromeFi on @base ? 👇🧵
$rex is your standard ve(3,3) dex, main tokens being Rex and xRex, but also implementing rex33 which is basically what x33 is in $shadow
"$REX33 is the liquid staked version of xREX and can minted with xREX. The $REX33:xREX ratio starts at 1.00:1.00 and increases in $REX33's favor as rewards accrue from fees, vote incentives and rebases"
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x(3,3) methodology, an evolution of the ve(3,3) model pioneered by protocols like Curve and Velodrome. This approach improves incentive alignment by rewarding organic participation without requiring long-term token lock-ups, addressing issues like illiquidity and user friction found in earlier models
REX Token:
Purpose: REX is the native token distributed as liquid rewards to liquidity providers (LPs) who contribute assets to trading pools (e.g., ETH-USDC). It is autocompounding, meaning rewards automatically reinvest, enhancing yield efficiency.
Liquidity: REX tokens are fully liquid from day one, with no vesting periods, allowing LPs to use or convert them immediately. This eliminates delays common in other DEXs like Uniswap, which may impose lock-ups.
Distribution: 100% of native emissions are allocated to LPs via REX, ensuring all rewards directly benefit those providing liquidity.
xREX Token:
Governance Role: REX holders can convert their tokens to xREX, which grants voting power to direct emissions to specific liquidity pools. This allows users to influence which pools receive the most incentives, optimizing liquidity allocation.
Fee Distribution: 100% of trading fees are distributed to xREX voters, creating a direct revenue stream for governance participants.
No Lock-ups: Unlike traditional vote-escrowed models, xREX does not require token locking, enabling instant voting power adjustments and exits. This is facilitated by the REX33 system, a liquid staking solution for xREX.
REX33 Model:
Functionality: REX33 enhances the token system by enabling seamless conversion between REX and xREX, providing instant voting power without the constraints of vesting or lock-ups. This promotes dynamic participation for traders, LPs, and institutions.
Automatic Voting and Compounding: REX33 tokens automatically vote and compound rewards, simplifying the user experience and maximizing returns without requiring manual intervention.
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No Vesting or Lock-ups: Unlike DEXs with long lock-up periods, Etherex offers immediate liquidity and governance participation, appealing to users seeking flexibility.
Real Yield: Focuses on consistent, sustainable returns rather than speculative volume games, ensuring long-term value for participants.
Deep Liquidity: Prioritizes native liquidity for key pairs like ETH-LINEA, supporting Linea’s token generation event (TGE) and Ethereum’s broader ecosystem.
Scalable Infrastructure: Linea’s zkEVM ensures low-cost, high-speed transactions, making Etherex competitive in a crowded DEX market.
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