Blox Finance (BLOX)

Blox is a decentralized finance optimization layer built for ve(3,3) protocols to provide a more seamless and profitable reward system for ve(3,3) LP depositors and veNFT holders.

Whitepaper

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Interest lvl

Lowest

Updated: Mar 17, 2023

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User Rating

Highest

5/5 • 3 votes

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Ticker

BLOX

Type

Utility-token

Token standard

ERC-20

Registration countryAustralia

Registration year2019

Ecosystems

Arbitrum

What is Blox Finance

Blox incorporates a combination of Vote-Escrow and 3,3 game theory in its mechanics. This rewards correlated behaviors between liquidity provision and long-term token holding. The mechanics set it apart from other DeFi platforms and creates a powerful incentive structure that rewards users who constantly interact with the Blox platform.

BLOX Finance mechanics reflect a combination of two DeFi concepts:

• Vote-Escrow — first introduced by Curve to strengthen incentives for long-term token holders
• Staking/Rebasing/Bonding or (3,3) game theory — designed by Olympus DAO

Combined, the ve(3,3) mechanism rewards behaviors correlated with BLOX success, such as liquidity provision and long-term token holding. Liquidity providers receive $blox emissions, and $veblox holders receive protocol fees, bribes, rebases, and governance power.

BLOX incentivizes liquidity through it's hold & earn model.