BLACK has been live for one year!
- $31.8B cumulative volume
- $22.7M cumulative fees generated
- $38.4M paid out to voters
- 914M BLACK burned
- 9,958 veBLACK holders
Blackhole is here to stay 🕳️
Season 16 of Escape Velocity is LIVE with 2,500,000 veBLACK in rebate rewards
Create a supermassive lock worth 2,000 veBLACK or more by August 6th 12:00 UTC to qualify
Our transition into furthering security for the Blackhole ecosystem is in full swing
As a final step in the emissions flow update, the gauge for the legacy CL1 WAVAX/USDC pool has been deprecated and removed
If you previously set autovotes for this pool, please update your
Introducing the Emissions Flow Upgrade
Blackhole is rolling out JIT protection for our LPers to create more productive capital for our ecosystem
Find out how it works 👇
$CROC is trading at 0.8658 $AVAX with 91.05% backing
Our focus hasn’t changed
① Grow the PSM
② Reach 100% backing (91.05/100)
③ Open 1:1 $CROC → $AVAX redemptions
④ Let the Nest print revenue-backed $CROC 🐊
@CrocodileFi had a rough launch with only 35% PSM but we know our model works
Less than a year later we’ve surpassed 91% backing in $AVAX , reaching 100% for $CROC to begin printing
This is how you scale a stablecoin pegged to AVAX even when activity is down
It's season 5 of @AvalancheFDN's Retro9000 program and Blackhole is in first place with 126.81 $AVAX burned so far and 1282 active accounts
We've won 4 seasons so far🔺🕳️