Dictum Exchange Liquidity & Protocol Launch
December 30 update – site and socials are gone, users report it rugged.
Token and protocol launch for a DEX with vote-escrowed -ve(3,3) mechanics on Arbitrum.
The exact time for the launch has not announced, only that it is on December 30.
❌ No contracts available at time of review.
DETAILS
- Launch Details
- Token will be listed on Dictum DEX
- Token pair: DIC/USDC
- Listing price: $0.04
- Fair launch; no presale / private sale / VC
- Initial market cap: unknown
- Initial liquidity: $40,000
- Tax: 0%
- LP yield farming and emissions is scheduled to begin at launch
- Yield Farmer Competition with 500,000 $DIC in prizes will begin at launch, and will last until January 5, 2023
- Mechanics & Features
- Dictum Exchange is a DEX that combines vote-escrow (Curve) + (3,3) game theory (Olympus DAO)
- Liquidity providers receive $DIC emissions, which can be locked to get $veDIC – $veDIC is Dictum’s primary governance and rewards token
- $veDIC holders receive protocol fees, bribes, rebases, and governance power
- $veDIC holders can vote weekly to decide which LPs receive $DIC emissions the next week – weekly emissions start at 2,000,000 $DIC (4% of the initial supply) and decay at 3% per week (epoch)
- Votes gets locked (as veNFT) for a 1 week period
- $veDIC holders receive trading fees and bribes for the LPs they vote for – the pools with higher votes receive more $DIC emissions
- $DIC emissions will be distributed as follows;
- 75% to Liquidity Providers
- 20% to $veDIC lockers
- 5% to team
- $veDIC holders that also provide liquidity are eligible for boosted DIC emissions – up to 2.5x boost
- Tokenomics
- Token symbol: VIC
- Initial supply: 50,000,000
- 77% — Community
- 15% — Protocols and DAOs
- 1% — Protocol-owned Liquidity
- 1% — Yield Farmer Competition Winners
- 1% — Shillers Competition winners
- 5% — Ecosystem & Treasury