Why use ION?
Benefits to users/traders
Axion is the only stablecoin protocol to directly incentivise trading of its stablecoin.
Users' trading incentives can be tracked through the dashboard (Testnet).
Users can also benefit by providing liquidity to receive a share of trading fees and emissions directed by Axion’s veNFTs.
The voting and bribing power of our existing significant veNFTs will kickstart initial demand for ION.
Benefits to Dexes
Axion is a fully DeFi-native and Dex-native protocol, fully aligned with Dexes interests:
ION can only be obtained through Dex pools
ION is only minted in Dex pools
ION trading means increased fees for Dexes and their stakers
ION's collateral is held entirely in partner Dex pools
Axion's growth will allow it to expand its veNFT positions in Dexes
Benefits to Axion
Profitable repegging – the operation of the AMO by design always operates profitably / to increase the backing ratio of ION. See peg mechanism.
Profitable collateral – collateral is held entirely in partner Dex pools and benefits from trading fees and emissions directed by Axion’s veNFTs.
These profits can be used to promote a virtuous cycle of sustainable growth for the protocol by:
funding further incentives
expanding veNFT holdings
buying back AXION
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