Dot Dot Finance
A yield aggregator for Ellipsis Finance on BNB Smart Chain.
Dot Dot is a protocol to optimize yield, voting power, and liquidity provisioning on Ellipsis. Ellipsis is a decentralized exchange (AMM) where tokens may be swapped using liquidity provided by other users. Those users earn EPX emissions. Those who lock EPX receive vlEPX and earn a higher share of EPX rewards. vlEPX or vote locked EPX aims to reward long term users of a protocol. Those who hold vlEPX earn trading rewards from the protocol as well as voting power to direct EPX emission
dEPX Token
- A representation of every locked vlEPX token in the protocol. 1 dEPX is minted for every 1 vlEPX that Dot Dot has.
DDD Token
- The Dot Dot protocol token, which once locked controls voting power and earns protocol bribes and rewards.
- DDD is emitted in two ways, one-off to bootstrap the protocol, and continuously as EPX is farmed by Liquidity Providers.
- There is no capped supply of DDD, instead the token emission largely follows that of EPX, with tokens only minted if the protocol is used and therefore found to be of value to its users.
Fees
- Liquidity providers who use Dot Dot earn a greater share of boosted EPX emissions. This is made possible thanks to those who have locked EPX on dot dot. In return, they earn a share of the rewards they have helped boost.
- Dot Dot charges 15% performance fee on all the boosted EPX earned by Liquidity Providers. This is distributed to Dot Dot users the following way:
| Recipient | % of total EPX earned | Paid out as |
|---|---|---|
| dEPX stakers | 10% | EPX |
| DDD lockers | 2.5% | dEPX |
| dEPX/EPX voters | 2.5% | dEPX |