DojoSwap decentralized exchange (DEX) has announced today to redirect 50% of its fees to its DojoSwap Ecosystem Recovery Fund (DERF). As per DojoSwap’s official X post, DERF is now rolling in revenue from multiple sources. DERF revenue includes Dojo validator commissions, 5% of Injera Protocol revenue, DAOJO bonding, and 50% of the DEX revenue. Moreover, the remaining 50% of the exchange will directly go to the LP holders.
Proud to announce that 50% of all DEX fees will now be directed to the DojoSwap Ecosystem Recovery Fund (DERF). DERF revenue streams now include Dojo validator commissions, 5% of Injera protocol revenue, DAOJO bonding and 50% of DEX fees. The other 50% are directed to LP holders.… pic.twitter.com/N6Gqs2ibSV
— DojoSwap | 1st AMM Dex on #INJ (@Dojo_Swap) August 6, 2024
DERF’s Commitment DojoSwap Ecosystem
DojoSwap Ecosystem Recovery Fund (DERF) is entirely committed to the buybacks of the exchange and ensures the increase in $DAOJO liquidity. Through its official X account, DojoSwap shares that the exchange has deployed 5,350,000 $DOJO and 22,800 $INJ worth of buybacks.
This initiative gives an extra sense of security to the DojoSwap community, as DEX is practically committed to the safety and security of the customers’ digital assets. DojoSwap has proudly announced to redirect 50% of its overall fee to the DERF to reduce the risk factor.
DojoSwap Ecosystem Recovery Fund (DERF) Majorly Supporting $DOJO Price
DojoSwap, one of the prominent decentralized crypto exchanges introduced DERF to bring stability to the price of its native token $DOJO. DojoSwap introduced buybacks which gave a sense of security to the crypto community and they invested in it. Now DojoSwap has shared further updates through its official X account about redirecting 50% of the overall fee into its DojoSwap Ecosystem Recovery Funds.
The exchange redirects funds in a strategic way to its buybacks. DojoSwap’s DERF includes the ratio from Dojo Validator commissions, Injera Protocol revenue and the 50% of DEX fee. However, the remaining 50% of the funds will be directed to the LP holders.
