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 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
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
Dune Dashboard: https://dune.com/tokemak/Tokemak
Tokebase Educational Resources: https://www.starbased.xyz/tokebase/