🔎┃Overview
IgniteFi, the CamelotDEX model design.
Last updated
IgniteFi, the CamelotDEX model design.
Last updated
We at Ignite are thrilled to leverage the CamelotDEX tech stack and DEX model design!
Are you ready for the Ignite Era? Join our Community
The platform is capital efficient, and highly flexible, offering a range of tools and features that can be customized to meet the unique needs of builders while offering real yield to the community and sustainable tokenomics.
Disclaimer: this wiki is still a work in progress. Some pages aren't complete yet, and some corrections and adjustments to its content might be applied.
To provide the Multichain ecosystem with a wide range of innovative features, enabling them to have an extremely high degree of flexibility and control over their own liquidity
To support new protocols launching on Multichain, providing the tools that enable them to launch, bootstrap liquidity, and sustain their growth
To make available to all permissionless tools allowing projects of all sizes to leverage our protocol in whatever way suits their needs
To apply the real yield narrative to a DEX and liquidity providing - creating innovative emissions strategies that leverage more sustainable tokenomics, aligning incentives with builders, users, and the protocol
IgniteFi is based on a dual AMM able to support both volatile (UniV2) and stable (Curve-like) swaps with zero swap-fees for small traders.
As well as this, we're also introducing dynamic directional fees for our trading pairs: this allows different fees to be set for each pool, and also to have different fees depending on the direction of the swap (buying/selling).
These innovative AMM features allow us to provide pool configurations that are much more customized and tailored to the specific trading pairs.
A key feature for IgniteFi is the introduction of a brand new liquidity approach based on non-fungible staked positions.
These yield-bearing positions act as an additional layer on top of the usual LP tokens, adding new features that will benefit both users and protocols:
The handling of locks on staked positions and their associated yield boosts
Significantly improving capital efficiency through the introduction of various custom staking strategies
A unique re-usability, whether it's through our own protocol with for instance our Nitro Pools, or through the unlimited potential of external implementations
We firmly believe that offering to protocols the right to directly interact with IgniteFi without any consent nor intervention from the team is essential, and that this should be the absolute standard for a modern AMM.
Through our permissionless Nitro Pools, projects have a full control on their incentives, and have extremely flexible options to build the exact type of liquidity they need to thrive. Whilst protocols will have full control to incentivize and manage their liquidity how they like, IgniteFi will additionally provide a tailored strategy to help achieve their goals.
Our custom launchpads will also be completely permissionless to give all projects the equal opportunity to bootstrap their token launch and liquidity, along with several models to choose from to cover every different need. IgniteFi itself will launch through the launchpad, and we therefore see it as a viable option that allows teams to raise funds and liquidity in a completely decentralized and community-driven way.
IgniteFi is based on a dual token system, consisting of the native liquid IGN and its escrowed version xIGN, a non-transferable governance token, both being used as farming rewards.
Most emissions are distributed in xIGN, providing a high level of control on the supply flow on the market. This allows us to create a healthy balance between attractive incentives to grow initial liquidity, whilst ensuring that we are preparing for the long-term health of the protocol.
The set up of a supply hard cap, carefully crafted emissions and additional deflationary mechanisms, will be another important piece of the puzzle to ensure long-term sustainability of IgniteFi's tokenomics.
Protocol earnings, initially coming mostly from the swap fees, will be partly redistributed to the xIGN users in the form of real yield, and used on buy back & burns in order to maintain a constant buying pressure on IGN.
