$DUBBL / $veDUBBL

Dubble DEX employs a pair of tokens to oversee its utility and governance:

• $DUBBL - ERC-20 utility token of the protocol

• $veDUBBL - NFT (non-fungible token) ERC-721 governance token

$DUBBL

$DUBBL is a token used to incentivize liquidity providers through emissions, and those who provide liquidity to gauges will receive the Dubble DEX emissions for that gauge. However, they will not receive any swap fees. $DUBBL stands out from other governance tokens because it has a maximum supply, unlike most other tokens in the Solidity-style governance category. The total supply of $DUBBL is 25 billion tokens, and its token distribution is as follows:

$veDUBBL

The primary use of $veDUBBL is for governance on Dubble DEX. Any holder of $DUBBL can participate in governance by vote-escrowing their tokens and receiving a $veDUBBL, which is also known as a veNFT. It is possible to add more tokens to the $veDUBBL NFT at any point in time.

Where:

• POL pair: 920 000 000 - 4%

• Presale/buyback: 2 300 000 000 - 10%

• Airdrop: 230 000 000 - 1%

It is possible to lock DUBBL/$DUB LP tokens for a period of time ranging from 1 to 365 days in order to receive veDUBBL.

Holders of veDUBBL receive 90% of the trading fees generated by the gauge they voted for. For specified partner pools, the percentage is 65% as 25% of the trading fees from these pools are directed toward the treasury of the partner.

Voters who hold veDUBBL on Dubble DEX will receive a portion of the $DUB rebase for the pairs they have voted for in the form of autobribes, equivalent to 25% of the rebase. This implies that if a voter selects pairs that have a substantial amount of $DUB, they will receive a portion of the rebase for that pair during the week.

Since veDUBBL holders are also DUBBL/$DUB LP providers by default, they receive any DUBBL emissions that are designated for the DUBBL/$DUB LP. In addition, they receive $DUB rebases for the $DUB that they have locked.

Dubble DEX allocates a portion of the community emissions to veDUBBL holders who lock their tokens for more than 180 days, with the aim of providing them with a boost in earnings. Specifically, 5% of the total community emissions are reserved for veDUBBL holders who meet this lock-up period.

The length of the lock period, which is also referred to as the vote-escrowed period and denoted by the "ve" prefix, is directly proportional to the duration of up to one year, as illustrated by the linear relationship depicted below:

• Locking 100 $DUBBL for 30 days will result in obtaining 8.33 $veDUBBL.

• 100 $DUBBL are locked for 180 days, the result will be 50 $veDUBBL.

• 100 $DUBBL for 365 days will result in acquiring 100 $veDUBBL.

As the duration of the vesting time increases, so does the voting power or voting weight of the $veDUBBL holder. Consequently, they also receive higher rewards or benefits.