$DOB: DeOrderBook's Game-Changing Token

Cryptocurrency markets can be a wild ride, but DeOrderBook is here to revolutionize the DeFi space by offering a fresh take on decentralized trading. At the heart of this platform is the native governance utility token, $DOB.

Great tokenomics are the heart of a great protocol design.
Great tokenomics are the heart of a great protocol design.

In this article, we'll explore how the $DOB token brings a whole new world of earning opportunities to users; while also empowering users to take part in community governance with proportional voting rights.

Earning $DOB: A Rewarding Experience

How do you get your hands on $DOB? It's simple: place a DeOrder (the protocol’s version of limit orders) on the platform and start earning $DOB continuously until the DeOrder reaches its expiry date.

Place a DeOrder by choosing an expiry date and strike price.
Place a DeOrder by choosing an expiry date and strike price.

Rewards keep accumulating until the DeOrder reaches its expiry date. Users can make the most of these rewards by locking their $DOB tokens back onto the protocol for some enticing additional rewards as well as the chance to become an active part of the DeOrderBook community.

Making the Most of Your $DOB

With $DOB in your possession, you become an integral member of the DeOrderBook community, participating in a decentralized autonomous organization (DAO) to collaboratively make decisions about the platform's future.

Moreover, $DOB can be leveraged to boost your earnings in several ways:

  • Trading on DEXs: Sell your $DOB on decentralized exchanges like Uniswap via liquidity pools.

  • Gerege NFT Levelling: All users can lock their $DOB onto the DeOrderBook platform to receive rewards, but their shares can be increased upon purchasing and levelling up a Gerege NFT.

    We’ll have an incoming article soon that explains the Gerege NFT program and the advantages that holding this NFT will have for users!

Locking $DOB: Unlocking Potential

When you lock your earned $DOB tokens back onto the DeOrderBook platform, you gain access to a share of the protocol’s revenue.

Lock $DOB rewards for a chance to join the BULLET raffle!
Lock $DOB rewards for a chance to join the BULLET raffle!

There are two elements to the DeOrderBook revenue-sharing program: with one part of rewards paid out in HODL tokens (which are the protocol’s collateral tokens) and another part of rewards paid out in BULLET tokens (tokens which represent the right to exercise limit orders on the platform).

What's in it for you?

As an eligible $DOB locker, you’ll receive a proportional share of the rewards pool. This rewards pool consists of 50% of all fees collected and 80% of BULLETs generated through DeOrders. However, only those that hold Gold Gerege NFTs under the Gerege NFT program (as mentioned above!) are eligible for BULLET claiming.

HODL tokens are hard assets that can be used within the DeOrderBook platform or redeemed for $WBTC and $USDC, providing true yield. Meanwhile, the $BULLETs you collect can be used for unwinding collateral, exercising options at a profit, or selling to other users at the BULLET Bazaar for additional yield.

Embrace the Power of $DOB

Gain the tools to make strong investment choices at any time.
Gain the tools to make strong investment choices at any time.

With its unique earning potential, participation in platform governance, and a strong focus on community collaboration: $DOB sets DeOrderBook apart from other DeFi protocols. This powerful token opens up a world of opportunities for savvy DeFi users, revolutionizing the way they interact with the DeFi ecosystem.

So, are you ready to dive into the exciting world of DeOrderBook and $DOB? The future of DeFi awaits! Visit the DeOrderBook app and join the Open Beta now!


Stay tuned for more updates on our Twitter @DeOrderBook, or join our Discord below:

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