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DojoSwap DEX AAM has officially announced the launch of the DojoSwap Ecosystem Recovery Fund (DERF). It is a proactive measure designed to strengthen the ecosystem amid market fluctuations. The fund aims to provide a safety net during volatile times, including launchpad activities, sudden downturns, and unexpected market events. The platform announced this initiative via official X and Medium accounts.
Announcing the DojoSwap Ecosystem Recovery Fund (DERF), a proactive initiative designed to fortify the ecosystem against market volatility.https://t.co/JUT8Q28eEX
— DojoSwap | 1st AMM Dex on #INJ (@Dojo_Swap) July 7, 2024
DojoSwap Ensures Resilience During Volatile Times with DERF
The primary objective of DERF is to create a robust safety net for the ecosystem, prioritizing the support of $DOJO, DojoSwap’s main liquidity token, and tokens paired with $DOJO, such as $SUSHI, $BABYDOJO, and $DAOJO. This initiative aims to maintain stability and support during uncertain periods, ensuring the continuous growth and resilience of DojoSwap.
To initiate the fund, DojoSwap has allocated $300,000 in $INJ and $500,000 in $DOJO, securely housed within the DAOJO Treasury. As part of the initial deployment, $50,000 in $INJ has already been used to support the recovery of $DOJO. This proactive approach underscores DojoSwap’s commitment to creating a bear-proof DeFi ecosystem, with further details to be released this week regarding the launch of Injera.
The Ecosystem Recovery Fund will not only serve as a buffer for tough times but also as an attractor for future high-quality projects. By supporting new token projects paired solely with $DOJO, the fund aims to draw in ambitious projects that align with investor interests and enhance the overall quality and potential of the DojoSwap ecosystem.
Continuous Growth and Financial Resilience through Strategic Revenue Streams
The fund is designed to grow continuously through various revenue streams, including fees accrued from DEX operations (trading fees), commissions from dINJ / dojo validator, revenue contributions from Injera (a high-yielding synthetic dollar protocol in Cosmos), and a significant percentage of the team’s DOJO supply continuously injected into the fund.
Funds are transferred into the DAO, bolstering the ecosystem’s financial foundation. During mini-bull and bear market cycles, the fund will accrue yield via Injera, leveraging the synthetic dollar protocol to generate more yield and further strengthen DojoSwap’s ecosystem.
The launch of the DojoSwap Ecosystem Recovery Fund marks a significant milestone in reinforcing stability and promoting growth within the DojoSwap ecosystem. By providing strategic financial backing and fostering innovation, DojoSwap is well-positioned to navigate market challenges and achieve long-term success.