Swap, Fees, and Distribution Mechanism
Diamonde's dynamic pricing mechanism ensures the accuracy and real-time performance of market prices by integrating Chainlink Oracles and aggregating price data from multiple major exchanges. Chainlink Oracles provide a decentralized price source to prevent single points of failure and ensure the reliability of price data through secure off chain data transmission.
Meanwhile, Diamonde has compiled price information from multiple major exchanges to gain a broader market perspective, thereby further reducing the risk of price manipulation and improving the efficiency of price discovery. This mechanism enables Diamonde to dynamically adjust prices based on market demand and supply, ensuring liquidity and market stability.
On Diamonde, the cost of trading volatile assets is 0.4%, while the cost of trading stable assets is 0.01%. These transaction fees will be proportionally allocated to $veAMD users who vote in favor of the corresponding indicators within 7 days after the start of the next era.
The cost allocation mechanism incentivizes voters to participate in protocol governance by rewarding them. In addition, if the protocol pays bribes to a pool, $veAMD holders who vote in favor of that pool will share all the bribes proportionally.
30% of the generated expenses will be refunded to $veAMD holders each week as a reward for their participation in governance; The remaining 70% will be deposited into the agreement's treasury.
The accumulated funds from the vault will be used to repurchase $DIA tokens and gradually establish a deeper liquidity pool in the DIA-USDT pool to enhance market stability and liquidity. This mechanism not only enhances the sustainability of the protocol, but also further consolidates the market value of the $DIA token.
Last updated