Decentralized exchange EtherEx is set to introduce its native REX token on August 6th. The token is designed to offer substantial rewards for liquidity providers while providing exclusive benefits to governance participants.
The REX tokenomics model allocates 100% of liquidity rewards directly to active providers. Governance participants, specifically xREX voters (those staking REX), will gain access to exclusive trading fee discounts and benefits within the platform. Under the ‘x33’ token economic model, all native liquidity incentives are directed to providers, while governance rights and associated fee privileges are reserved for xREX holders.
Built on Ramses v3 infrastructure, Etherex represents a technological upgrade of Nile Exchange. This upgrade focuses on enhancing operational efficiency and security protocols for decentralized trading. The project aims to foster community-driven governance and accelerate liquidity growth within the DeFi sector.
Liquidity providers stand to benefit from potentially higher returns through the dedicated incentive structure, while active governance participants (xREX voters) gain privileged access to trading fee benefits. Etherex is collaborating with Linea and ConsenSys to support the launch and its ecosystem development goals.