CLEOPATRA
  • INTRODUCTION TO Cleopatra
    • 👑What is Cleopatra?
      • ⚫Why Mantle?
    • 🫂Our Partners
    • ☯️ve(3,3) Fundamentals
      • Dilution Protection (Rebase)
      • V1 Gauge Boosts
      • veCLEO (veCLEO)
        • 💰veCLEO Revenue Distribution Schedule
    • 🔮DEX Functionalities
      • Swaps
        • 🎋Swap Fee Structure
      • Voting
      • Bribing
      • Vesting (veNFT Management)
      • LP Staking
  • Concentrated Liquidity Core
    • 🤔Concentrated Liquidity
      • 🔢Fee Tiers
      • 🦭Fee Distribution
    • 🏆CL Gauges
    • 📜BUSL-1.1 License
    • 🏁Competitive Farming
  • CLEO Tokenomics
    • 📊CLEO Token Distribution
    • 📈Emissions Schedule
    • ❌xCLEO
      • How is xCLEO obtained?
      • How is xCLEO used?
      • ☸️xCLEO "Flywheel"
    • 🌀Dilution Protection (3,3) Rebases
      • Partner Rebases
    • 💧CLEO LGE - Liquidity Generation Event
      • LGE Specifics
  • Resources
    • 📄Deployed Contract Addresses
    • 📱dApp and Socials
    • 📸Cleopatra Media Kit
    • 🌉Bridging To Mantle
  • Security and Legal Considerations
    • 🐛Fixed Solidly Vulnerabilities
    • 🛠️Why Proxy Contracts?
    • 🔐Contract Timelock
    • 😎Inherited Security
    • 🖋️Formal Audits
    • ⚖️Risks and Legal Disclosures
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  1. CLEO Tokenomics

Dilution Protection (3,3) Rebases

Cleopatra, adopted the (3,3) model, which includes a mechanism to mitigate dilution. (3,3) means there HAS to be a rebase. Without a rebase, the model cannot be coined a ve(3,3) DEX.

During the initial launch, veCLEO holders will benefit from a 25% weekly rebase, which helps counterbalance dilution resulting from the protocol's emissions schedule. With each subsequent epoch (week), this percentage increases by 1% until reaching a maximum cap of 50% anti-dilution per epoch.

Cleopatra strongly believes that rebases/anti-dilution are crucial to the entire model, and without it-- leads to a dangerous misalignment with users.

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Last updated 1 year ago

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