Tokemak

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

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

Overview

Liquidity router

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

Tokemak pair up liquidity of different one-sided liquidity from liquidity providers in a token reactor, then the liquidity will be deposited into DEX like uniswap.

$TOKE

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

Rewards and governance token of the protocol.

Earning $TOKE

During the pre-liquidity deployment phase (Cycle Zero), early movers can earn the first emission of TOKE tokens by staking in the following pools. ETH, USDC, TOKE, Sushi LP, Uni LP
Liquidity Providers earn TOKE at a variable APR dependent upon the balance of the Token Reactor. LPs also earn TOKE by depositing assets in the Genesis Pools.
Liquidity Directors earn TOKE at a variable APR also dependent upon the balance of the Token Reactor.

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.