Staked $DXP ( $vDXP)

$vDXP is an ERC-20 token that maintains a 1:1 peg with $DXP. It is accepted by the protocol for delegation and functions similarly to $DXP. The $vDXP token can be minted by staking $DXP and entitles holders to a share of the protocol’s revenue. Additionally, $vDXP holders have the right to vote on governance proposals. However, to submit proposals, a holder must possess a minimum threshold of $vDXP.

$vDXP Utility:

1. Community-Delegated Farm Spots

One of the primary utilities of $vDXP is empowering the community to award limited Farm spots to deserving Farm Owners who can enhance the ecosystem’s value. Instead of purchasing a spot by paying the required $DXP fees, Farm Owners can secure a spot through community delegation of $vDXP for a set period. This fosters a merit-based approach, ensuring trustworthy and high-quality contributors can deploy their strategies within the protocol. .

2. Governance

The Dexponent protocol is designed to progressively decentralize its governance model. Initially managed by the core team and large token holders, governance will transition to a decentralized structure as more tokens are minted and distributed. This aligns with the protocol’s vision of a fully decentralized ecosystem.

Relevant stakeholders can actively participate in governance by proposing and voting on key decisions, including protocol upgrades, new investment strategies, and treasury allocations. To ensure alignment with the protocol’s long-term vision, stakeholders must stake $DXP to participate. All decisions are executed through immutable smart contracts, guaranteeing transparency and eliminating the need for manual intervention.