About DojoSwap
DojoSwap is an experienced DeFi team with a proven track record, having worked on numerous protocols in the Cosmos ecosystem, protecting billions of dollars worth of user assets. Today, as proud members of the acclaimed Ninja Garden team, DojoSwap have come together with the sole purpose of building the most comprehensive DeFi ecosystem in Injective.
Injective's goal is to make Injective the ideal DeFi hub for all Cosmos users with the highest total blocked value (TVL), creating a thriving DeFi ecosystem. The DojoSwap team has experience developing solutions for Automated Decentralized Market Maker Exchange (AMM DEX), so we are proud to introduce DojoSwap as our first journey.
The essence of DojoSwap
DojoSwap has been carefully designed to be the first decentralized automated market maker exchange on the Injective platform. All efforts are focused on creating a typical trading experience on Injective, which should be the people's choice. To earn this title, we understand the need to align the product and philosophy with the aspirations of the community. In the following sections, we will delve deeper into the world of DojoSwap and explain why we believe we align with the aspirations of the ninjas who have come to value the Injective ecosystem.
Fostering a sustainable ecosystem
The main purpose of creating DojoSwap is to provide a reliable public infrastructure for Injective users. DojoSwap aims to avoid a scenario where the product acts as a vortex, absorbing commissions only to pull them out of the ecosystem. Such a model is unsustainable, so the team aims to only take the minimum commissions necessary to cover operating costs. The lion's share of trading commissions, up to 80%, is returned to the community, which benefits liquidity providers and token holders. The team's fee allocation is not carved in stone; there is every intention of reducing it through governance proposals as the protocol grows and reaches sustainable volumes. The mantra is ecosystem sustainability.
Empowering DOJO token holders
By becoming a DOJO token holder, you take on the vital role of chief custodian of DeFi's growth on Injective. An incentive system has been designed to justify this role:
Commission Distribution and DOJO Burning: Commitment to protocol management will reward DOJO token holders with deflationary tokens with a share of commissions as long as Injective thrives. Exclusive Launchpads: gain access to exclusive launchpads from future Garden Collective members, including Native Money Markets, Leverage Yield Farming, Yield Optimizers, and more. DOJO will open the doors to these opportunities. Prime Token Integration: DOJO can be integrated into various aspects such as money markets for real returns or as a proprietary liquidity token, opening up limitless possibilities as Garden Collective expands. Management Utility: Additional management options are detailed in the next section. Management-oriented design
DojoSwap is designed as a decentralized exchange for the people, and as such, the community should have a say in its future. This governance-oriented design is necessary for the sustainability of the protocol and for the game-theoretic dynamics to thrive. It's a simple equation: holders, who are also managers, decide on rewards that incentivize trading activity that earns holders commissions. As long as these results continue to benefit holders, the positive feedback loop of the protocol continues.
The veDOJO token issue will allow governance to run its course. Users will be allowed to vote for projects and liquidity providers to receive incentives. In the process, third-party projects will offer veDOJO holders rewards in the form of tokens for their votes. This model combines the interests of the protocol and its owners, with DOJO owners being rewarded in the form of trading commissions and rewards.