Thread by @ExcaliburDeFi

Our successful launch has been a great step forward, but we’re aware that the path to success in DeFi is a marathon rather than a sprint, built over time on consistency and rigor

Here's why we firmly believe Excalibur has what it takes to become a dominant DEX on Fantom ⬇️

1/10

$EXC is our main utility token, while $GRAIL is a shareholding governance token obtainable from native pairs staking only

$GRAIL rewards you in dividends shares directly coming from protocol fees

In 10 days, $220k+ have already been distributed, and $500k+ are in queue

2/10

Dividends distribution is done in $FTM and $UST

It is allocated on a second-basis to every $GRAIL holder, proportionally to their share of the supply

$GRAIL started to become scarcer as emissions are already decreasing, giving birth to an early fight for shares #GRAILwars

3/10

Of course, what would be a shareholding token without any decision-making power?

On-chain governance rights will be progressively granted to $GRAIL holders, allowing them to directly decide on the protocol’s management.

4/10

Time vault staking guarantees predictable long-term liquidity on the AMM, incentivizing users to lock their LPs for extra rewards

This bonus is proportional to the duration of the lock, up to 50% for 30 days, and can be claimed anytime at the cost of resetting the lock

5/10

By the way, did we mention that we're the very first Fantom $UST-based DEX, with 12M+ liquidity on our two $UST pairs?

Those pairs will be soon even more attractive thanks to $255k of @terra_money incentives, making Excalibur a true $UST stronghold on Fantom

6/10

Contrary to the classic univ2 implementation, every pair on the DEX can be configured with custom swap fees, from 0.01% to 2%

This is a key AMM feature, allowing us to adapt to every project requirements, and to easily attract traffic chunks from aggregators to our pairs

7/10

A custom bonding implementation based on $GRAIL has also been implemented in order to build up a DAO treasury

This will provide the protocol with additional ways to build Project-Owned Liquidity and reserve assets.

8/10

Excalibur trans-fee mining feature is a mechanism made to give back up to 100% of the swap fees paid by the users directly on the platform

This gives us the opportunity to create an extremely strong trading incentive on some pairs when the need arises

9/10

Is that all? Of course not!

The team's already working on the next milestones:

➡️ A dual-rewards mechanism will come live with the special $UST incentives for time vault stakers

➡️ Our unique take on bribes & gauges

Keep your eyes open! #OnlyTheWorthy

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