📖Tokennomics

Token Supply

$PHUX is the governance & utility token of PHUX protocol and is designed to truely allow a community owned DEX.

10 billion tokens fixed supply (not inflationary)

50% -- Community via LP Incentives (staking-gauges voted by vePHUX holders) over 6 years

25% -- Community via Airdrop (various rounds)

25% -- Team & Contributors (no locking or vesting)

Governance

vePHUX

vePHUX, a derivative of the 80/20 pool, is a time-locked and non-transferable asset. Holders of vePHUX, also known as PHUX Governors, play a crucial role in the governance of the protocol. They actively participate in voting on a broad spectrum of proposals that encompass decisions such as directing PHUX incentives for specific pools.

In other words, if you hold vePHUX, you get to decide which liquidity pools get what farming APR%.

Protocol Fees

60% of the protocol fees (swap fees) goes to LP providers.

40% of the protocol fees (swap fees) goes to vePHUX holders.