Tokemak

Tokemak is a layer 2 solution of DEX founded by Carson Cook. The introduction of Tokemak is published on April 29th, 2021.

Tokemak serves as a liquidity router to guide and pair up liquidity. Liquidity providers are protected from impermanent loss and will be rewarded with $TOKE which provides voting power for liquidity directors.

Overview

Liquidity Router

Tokemak act as liquidity router https://docs.tokemak.xyz/mechanics-and-functionality/general-overview

Tokemak pairs up liquidity of different assets from liquidity providers in a token reactor, then the liquidity will be deposited into a DEX like Uniswap.

$TOKE

$TOKE tokenomics and emissions https://docs.tokemak.xyz/toke/tokenomics

Emission and governance token of the protocol.

Earning $TOKE

• Early staking during the pre-liquidity deployment phase (Cycle Zero)
• Liquidity Providers earn TOKE by providing liquidity or depositing assets in the Genesis Pools
• Liquidity Directors earn TOKE at a variable APR by guiding liquidity with voting power of $TOKE

Tokenized liquidity

$TOKE represents the ability to direct any number of tokens in the form of liquidity. Liquidity directors can stake $TOKE and gain proportional amount of voting power. By voting for various token reactors, liquidity directors can earn $TOKE rewards in variable APY.

External links

Dapp: https://www.tokemak.xyz/

Twitter: https://twitter.com/tokenreactor

Medium: https://medium.com/tokemak

Discord: https://discord.com/invite/Z5f92tfzh4

References

1. https://docs.tokemak.xyz/