Blackhole
Blackhole is a next-generation ve3, 3 decentralized exchange (DEX), optimized for deep liquidity, sustainable emissions, and long-term incentive alignment. At its core,Blackhole uses an enhanced vote-escrowed (3、3) tokenomics model, combining dynamic governance, emission-based rewards, and advanced automated market maker (AMM) infrastructure to deliver capital-efficient liquidity solutions. The protocol's native token $BLACK is used to: Distribute emission rewards to liquidity providers Lock into vote-escrowed non-fungible tokens to obtain governance rights and rewards Stake to earn protocol revenue and bribe rewards Permanently lock to mint special Supermassive vote-escrowed non-fungible tokens with non-decaying power Blackhole The unique two-tier governance system centers on vote-escrowed non-fungible tokens minted by locking $BLACK tokens. Users can choose between types: Singularity vote-escrowed non-fungible tokens: Users lock BLACK up to 4 years to earn vote-escrowed weight, granting proportional voting rights and protocol revenue. Supermassive vote-escrowed non-fungible tokens: Created by permanently burning $BLACK tokens. These non-fungible tokens receive enhanced rewards, non-decaying voting power, and 10% rebase rewards. All team tokens are burned and converted into Supermassive vote-escrowed non-fungible tokens, eliminating future sell pressure.Blackhole How does it work?Blackhole's incentive engine operates in cycles. Each week, vote-escrowed non-fungible token holders vote on “weighted pools” to determine which liquidity pools receive $BLACK emissions. In return, voters receive: A share of trading fees from the liquidity pools they vote for 100% bribe rewards and partner incentives from these liquidity pools Emission-dynamics-based rebase rewards The protocol offers variable automated market makers for volatile assets, stable automated market makers for correlated pairs such as stablecoins, and concentrated liquidity pools for precise market making. Liquidity providers can earn higher fees by concentrating capital around price ranges and staking to receive emissions. New projects can bootstrap liquidity through Genesis Pools, a capital-efficient bootstrapping system with fixed-price contributions and automatic staking. Genesis participants receive LP tokens and begin receiving emissions in the next cycle.
Overview
Blackhole is a next-generation ve3, 3 decentralized exchange (DEX), optimized for deep liquidity, sustainable emissions, and long-term incentive alignment. At its core,Blackhole uses an enhanced vote-escrowed (3、3) tokenomics model, combining dynamic governance, emission-based rewards, and advanced automated market maker (AMM) infrastructure to deliver capital-efficient liquidity solutions. The protocol's native token $BLACK is used to: Distribute emission rewards to liquidity providers Lock into vote-escrowed non-fungible tokens to obtain governance rights and rewards Stake to earn protocol revenue and bribe rewards Permanently lock to mint special Supermassive vote-escrowed non-fungible tokens with non-decaying power Blackhole The unique two-tier governance system centers on vote-escrowed non-fungible tokens minted by locking $BLACK tokens. Users can choose between types: Singularity vote-escrowed non-fungible tokens: Users lock BLACK up to 4 years to earn vote-escrowed weight, granting proportional voting rights and protocol revenue. Supermassive vote-escrowed non-fungible tokens: Created by permanently burning $BLACK tokens. These non-fungible tokens receive enhanced rewards, non-decaying voting power, and 10% rebase rewards. All team tokens are burned and converted into Supermassive vote-escrowed non-fungible tokens, eliminating future sell pressure.Blackhole How does it work?Blackhole's incentive engine operates in cycles. Each week, vote-escrowed non-fungible token holders vote on “weighted pools” to determine which liquidity pools receive $BLACK emissions. In return, voters receive: A share of trading fees from the liquidity pools they vote for 100% bribe rewards and partner incentives from these liquidity pools Emission-dynamics-based rebase rewards The protocol offers variable automated market makers for volatile assets, stable automated market makers for correlated pairs such as stablecoins, and concentrated liquidity pools for precise market making. Liquidity providers can earn higher fees by concentrating capital around price ranges and staking to receive emissions. New projects can bootstrap liquidity through Genesis Pools, a capital-efficient bootstrapping system with fixed-price contributions and automatic staking. Genesis participants receive LP tokens and begin receiving emissions in the next cycle.