Directory/BlackHole
BlackHole

BlackHole

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Visit website
Resources
Category
  • Exchanges
Use Cases
  • Trading and Swapping
Circle Products Used
  • USDC
Blockchains Supported
  • Avalanche
On/Off-Ramps
  • No
Platform
  • Android
  • iOS
  • Web
Free/Paid
  • Free
Region
  • APAC
  • Europe
  • LATAM
  • Middle East and Africa
  • North America
Country
  • Cayman Islands
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BlackHole Foundation

Groundbreaking DEX designed to serve as the Unified Liquidity Hub for all blockchain projects on Avalanche.

Drawing inspiration from DeFi trailblazers, BlackHole integrates:

  • Vote-Escrowed Token Model (inspired by Curve Finance)
  • ve(3,3) Model (derived from Solidly, Aerodrome, and Velodrome)
  • clAMM Pools (Uniswap V3)
  • Custom Fees Per Pool (Uniswap V4)

However, BlackHole introduced fundamental enhancements to the vote-escrowed model through two distinct veNFTs:

  • Singularity veNFT: Empowers users to lock protocol tokens from a week up to four years, mirroring Curve’s proven vote-escrow mechanism.
  • Supermassive veNFT: Introduces permanent token locking by burning tokens, removing them from the supply forever and unlocking additional benefits such as (1) voting power that lasts, (2) a 10% boost on your rebase rate, and (3) an extra 10% voting power boost.

Anyone has the option to either mint a Singularity veNFT with a flexible lock-up period or to mint a Supermassive NFT by reducing the token supply.

The Supermassive veNFT sets BlackHole apart from other ve(3,3) protocols, where communities must rely on founders to repeatedly re-lock their team tokens every four years. With BlackHole, the team exclusively receives Supermassive veNFTs, tied to team tokens that are permanently burned and removed from circulation. This eliminates any need to trust the team’s future actions, as their tokens are verifiably gone forever by ensuring no future selling pressure is coming from the team. This bold mechanism aligns all stakeholders with the protocol’s long-term success, while the community can independently verify burned tokens onchain. Trust nothing; verify everything.

Further solidifying its innovative edge, BlackHole introduces Genesis Pools, a novel feature designed to revolutionize pre-TGE liquidity seeding. This solution enhances the protocol’s foundation, offering capital efficiency and confidence for projects launching on Avalanche.

BlackHole isn’t just a DEX - it’s a beacon of trustless innovation, built to empower and unite the DeFi ecosystem.

Use Cases

Trustless Trading & Yield Generation

Trustless Trading: Users can swap tokens securely without surrendering custody of their funds to a third party, reducing counterparty risk and enhancing privacy. New projects can list tokens, and users can provide liquidity to earn fees or rewards, supporting a wide range of assets and trading pairs. Yield Generation: Users can provide liquidity to pools and earn passive income through transaction fees or additional incentives, such as governance tokens. Composability: DEXs can be integrated with other DeFi protocols, enabling advanced financial products like decentralized lending, borrowing, and yield farming.

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