Overview

Overview of Our Decentralized Exchange (DEX) | Vault

Our decentralized exchange (DEX) operates on a two-part mechanism with the primary goal of creating liquidity pools (LPs) rather than functioning as a traditional exchange. Here’s how it works:

1. Liquidity Pool Creation: The DEX automatically generates LP contracts. These LPs collect fees from swaps, which are then staked into a vault.

2. Rewards System: The fees collected from staking and unstaking activities are used to purchase rewards in the form of Croginal.

3. Utilization of LPs: The DEX will also utilize the LPs from the vault as swap tokens, contributing to an increased annual percentage rate (APR) for LPs.

   

   UI preivew

Management and Operation

• Self-Sufficient Design: The DEX is designed to operate autonomously, meaning there is no need for active management. Both the DEX and the vault function independently without requiring ongoing oversight.

• Minimal Intervention Required: The only areas requiring intervention are:

  • Using the collected fees to repurchase Croginal.

  • Managing a front-end interface for whitelisted users. This does not involve web3 technology, so it can be handled by any team member.

Conceptual Framework

The overall framework is inspired by existing models such as MMF and MMO, but focuses solely on our single token. The LP fees generated in the vault will not only enhance liquidity pools but also reward participants with Croginal, which can be utilized to compensate smaller holders.

Conclusion

Through this structure, we aim to position ourselves as a self-sustaining entity within the crypto space, leveraging the DEX to grow our holdings not only in Croginal but also in other tokens as the vault operates. This strategy enables us to function effectively as a decentralized bank within the ecosystem.