Thread by @RiddlerDeFi

1/ $CRV and $VELO have changed the #DeFi scene forever, but they have their flaws.

There's an upcoming protocol on @arbitrum that wants to make things even better, with a community-first long-term approach 📈

Let’s dig into @DictumExchange ..a thread 🔎👇🧵

@arbitrum @DictumExchange 2/ TL;DR 🎙️

Dictum is an upcoming #DEX on @arbitrum with a structure similar to @VelodromeFi and #Solidly but with key improvements 👀

They just had a successful airdrop 🪂, and have competitions for farmers, shillers, and protocols currently live 💰

@arbitrum @DictumExchange @VelodromeFi 3/

What I'll cover in this thread:

🔹What's @DictumExchange?
🔹How does it work?
🔹Dictum’s Governance Airdrop
🔹Competitions
🔹Roadmap and Links

@arbitrum @DictumExchange @VelodromeFi 4/ What is Dictum Exchange❓

@DictumExchange is a native DEX on @arbitrum that wants to bring an improved version of ve(3,3) model to the chain 🎲

The game theory has shown huge success in giving long-term holders more reasons not to sell on protocols like Velodrome 💎👐

@arbitrum @DictumExchange @VelodromeFi 5/

Despite the huge success, these protocols had flaws easy to solve in hindsight 👁️

$DIC solves these problems:

▪️ Voting Flaws
▪️ Uncapped supplies
▪️ Lock durations
▪️ % of emissions
▪️ V3 liquidity for Real Yield

And more 👇

@arbitrum @DictumExchange @VelodromeFi 6/ How does @DictumExchange work? ⚙️

Dictum brings improved versions of (3,3), $CRV bribing and better community-focused tokenomics overall

What are the protocol’s goals? To create the foremost native #DEX on Arbitrum with deepest liquidity to supercharge the ecosystem’s growth

@arbitrum @DictumExchange @VelodromeFi 7/ Tokenomics 🔢

Community will WHOLLY own this DEX 🧑‍⚖️

77% of initial gov token veDIC has been airdropped to active Arbitrum users 🪂

From community voting, another 15% of the allocation will be given to worthy Arbitrum protocols 🤝

5% will be towards ecosystem growth

@arbitrum @DictumExchange @VelodromeFi 8/ Adding to the tokenomics, supply will be capped, unlike $CRV 🧢

The vote escrow lock will only last a year 🔒

Voting flaws from the old (3,3) projects have been worked around and improved greatly for incentives to align with protocol sustainability

@arbitrum @DictumExchange @VelodromeFi 9/ How do you earn with $veDIC?

There are 4 main ways:

1️⃣ You earn trading fees from the pools you vote for
2️⃣ Protocols bribes can be offered to gain more votes
3️⃣ veNFT delegation is coming soon
4️⃣ Staking veDIC on @DictumExchange earns you $DIC and votes

@arbitrum @DictumExchange @VelodromeFi 10/ The success of Arbitrum depends on the success of Protocols building on it

Same goes for Dictum 🤝

It wants to be a native #ArbitrumDEX, its success will help Arbitrum grow 🚀

Arbitrum Growth will push Dictum as well 📈

@arbitrum @DictumExchange @VelodromeFi 11/ Launch schedule 🗓️

Dictum launches 30th of December - trading, farming and LPing all start.

More dates:

27th Dec - 📢 Shilling competition with big governance prizes

30th Dec - 🧑‍🌾 Yield farmer competition with HUGE governance up for grabs

More details follow 👇

@arbitrum @DictumExchange @VelodromeFi 12/ Governance Airdrop Explained 🪂

Dictum has released the eligibility of their airdrop - launch.dictum.exchange.com

The criteria tries to include Arbi maxis in governance

🔸Hold gov tokens of top & innovative #Arbitrum protocols
🔸Filtration based on ETH holdings

@arbitrum @DictumExchange @VelodromeFi 13/ If you're in the snapshot, you'll be able to claim your $DIC as locked veNFT 🔐

They will be claimable for a limited time during Epoch1

Once that ends, the unclaimed will be burnt reducing permanently $DIC supply 🔥

@arbitrum @DictumExchange @VelodromeFi 14/ Partner Protocol competition 🤝

If you're a protocol on Arbitrum, many of your users will have access to the airdrop 🪂

You have to convince them to vote for you and enter the top15 protocols

Acquire Partner veNFT, win governance and direct liquidity to your LPs

@arbitrum @DictumExchange @VelodromeFi 15/ Yield Farmers competition 🌽

There's a lottery with 15 random winners who will get high governance power 🗳️

Add at least $100 across pools to enter the lottery

The top 5 contributors to pools will win a nice % of veDIC distribution, regardless of the lottery

@arbitrum @DictumExchange @VelodromeFi 16/ Shillers competition 📣

Starts on the 27th and will end in January

Rules:

1️⃣ Join the Gleam giveaway with your wallet
2️⃣ Complete the tasks to collect entries
3️⃣ Share your referral and earn more entries

There will be 25 winners with over $10000 of veDIC at stake

@arbitrum @DictumExchange @VelodromeFi 17/ Roadmap 🗺️

Key-Points 🚨

✴️ #RealYield adoption

✴️ V3 liquidity

✴️ Boosted Pools for Volatile Bluechip Pairs

The actual roadmap is huge and you can find a full version here 👇
docs.dictum.exchange/innovations/ro…

@arbitrum @DictumExchange @VelodromeFi 18/ Links 🌐

Twitter: @DictumExchange

Discord: discord.gg/qHfZQsG9nQ

Docs: docs.dictum.exchange

Website 👇
dictum.exchange

@arbitrum @DictumExchange @VelodromeFi 19/ That was it for this thread 🧵

You know the drill 🫡

Follow me @RiddlerDeFi for more alpha 🧠

Best way to support is to simply drop a RT + LIKE on the #1 tweet of this thread 🖤

https://twitter.com/RiddlerDeFi/status/1608168931855851523