Tokemak is a DeFi protocol offering dynamic, sustainable liquidity and yield optimization using its native token, TOKE. More
| Fully Diluted Valuation | $29.86M |
|---|---|
| 24H Trading Volume | $118,615 |
| 24H Low / High | $0.29 / $ 0.30 |
| Circulating Supply | 82.79M |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Categories | Decentralized Finance (DeFi) 5 more |
|---|---|
| Founder | Carson Cook |
| Website | auto.finance Whitepaper |
| Socials | 1 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0x2e9....38c94
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| Name | Pair | OG Score |
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Tokemak, since its inception in 2022, has emerged as a groundbreaking protocol in the decentralized finance (DeFi) sector. Designed as a decentralized liquidity engine, Tokemak addresses the inefficiencies in liquidity provision across various decentralized exchanges (DEXs) and DeFi platforms. The protocol operates by harnessing idle tokens to create and deploy sustainable liquidity, thereby democratizing liquidity provision and enhancing market efficiency.
At the core of Tokemak's ecosystem is its native token, TOKE. This token functions as a tool for both rewarding participants and for governance, allowing users to direct where liquidity should be allocated. Liquidity Providers (LPs) contribute assets to Token Reactors, earning yield in TOKE, while Liquidity Directors (LDs) stake TOKE to vote on liquidity distribution across various DEXs. This innovative approach not only optimizes yield for ETH and other assets but also saves on gas costs and auto-compounds yield for users.
What sets Tokemak apart is its cyclical operation and incentive system, ensuring a balance between assets and TOKE staked in reactors. This system adjusts the annual percentage yield (APY) to maintain equilibrium, encouraging either more staking or asset provision as needed. Furthermore, the Tokemak DAO (decentralized autonomous organization) plays a pivotal role in overseeing the protocol, allowing TOKE holders to participate in key decision-making processes. This intricate interplay of various components positions Tokemak as a critical player in the DeFi landscape, offering a secure and efficient means for users to maximize their digital asset holdings.
Tokemak stands out as DeFi's first Liquidity-as-a-Service product, designed to mitigate impermanent loss for liquidity providers and ensure deep and sustainable liquidity for DeFi protocols. It uniquely combines liquidity provision, management, and direction, segregating these tasks across different participants in its ecosystem. Tokemak's architecture, which includes genesis pools and reactors, facilitates efficient and cost-effective liquidity sourcing and management, distinguishing it in the DeFi space.
Carson Cook is the founder of Tokemak.
Tokemak's investment round was led by Framework Ventures, a well-known DeFi investment fund. Other significant investors include Electric Capital, Coinbase Ventures, North Island Ventures, Delphi Ventures, and ConsenSys, contributing to Tokemak's development and expansion.
You can buy Auto Finance (TOKE) on Gate.io, Kraken, CoinEx, Uniswap V2 (Ethereum)Curve (Ethereum) cryptocurrency exchanges.
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