Decentralized Exchange (Dex) Eeterex today crossed the total value of $ 120 million (TVL) Mark after launching his token on August 6.
The Rex token was released five days ago and acts on a completely diluted appreciation of $ 155 million, but the token release sent the interchange to the “X (3.3) tokenomics”.
Since the tokenteration event, the Eternex TVL has risen by 435% to $ 123 million of just $ 23 million, due to the stimulated Xrex deployment mechanism, with an 84.35% Apr. For users to leave immediately with the Xrex interest and the income, they make a fine of 50%, whereby the other 50% is redistributed to other strikers.
Eternex TVL – Defillama
The token launch comes less than two weeks after Linea revealed a series of announcements, including a token allocation of 75% in ecosystem development and a user air of 10%.
(3,3) ‘s Controversial history in Defi
The (3.3) mechanism refers to a scenario of game theory in which participating parties try to work together to achieve the best financial outcome for all involved. In Crypto, the mechanism became especially popular thanks to Olympus Dao, although that project was not doing well, as the Ohm -Token crater, while some called it a ‘ponzi’.
Olympus DAO has since adjusted its protocol and has been traded at a market capitalization of $ 370 million, but is a 91% decrease compared to its high -market capitalization of $ 4.2 billion.
Defi Degens recorded another crack (3.3) game mechanisms during the rise of social-fi dapp friend Tech to be familiarity. In this scenario, users would buy the keys to other users under the guise that they would answer, and then neither would one of them ever sell the keys to the other, so that maximum points are guaranteed for each user.
This iteration resulted in smaller technical users who often buy their own keys and agree with (3.3) with other farmers who would then pump the original main prize, and then they would sell all shares and fleec their counterparties.
Friend Tech’s Friend Token followed a similar path as Olympus Dao’s Ohm, and after a controversial launch in which 100% of the token was broadcast on the opening day, friend of the opening price of $ 3, $ 0.1 fell in just two months. Friend is now traded at a rating of $ 4 million, a decrease of 99% compared to the opening price of $ 233 million.
