Opdex price

ODX

An SRC20 token deployed on the Cirrus sidechain of Stratis managed and distributed by an autonomous governance protocol through liquidity mining and vault certificates. Used for staking in enabled liquidity pools to vote for liquidity mining and collect partial transaction fees to offset risks and gas costs of using the protocol.

For an AMM protocol to be successful, it must have sufficient liquidity to settle token swaps without high slippage and price impact. Liquidity providers lend tokens to liquidity pool smart contracts with the intention of collecting transaction fees from swaps and loans. This approach alone can be problematic because low liquidity results in high volatility and high liquidity requires steady transaction volume.

ODX tokens will help bridge this gap by enabling constant liquidity mining of ODX based on an autonomous governance smart contract and voting system. Stakers will nominate liquidity pools for mining and providers will mine for the new ODX tokens. In theory, this combination will raise liquidity during active mining periods, chosen by stakers, by rewarding providers with mining opportunities.