NXD Protocol - DXN Hyperstructure Initiative
  • NXD Protocol
  • Introduction
  • Engineering a Hyperstructure
  • DXN Hyperstructure Initiative
  • The NXD Opportunity
    • Introduction to DXN Protocol
    • A Short Analysis of DXN Economics
    • DXN Price Performance, Access List, ROI Measures and XEN Burn
    • Challenges to DXN’s Long-Term Value Proposition
    • The NXD Opportunity
    • DXN Protocol as an Income Layer
  • NXD Protocol Ecosystem
    • Introduction to NXD Protocol
    • NXD’s Value Proposition
    • NXD Economics of Compounding
      • DXN Staking Vault (DSV)
      • NXD Staking Vault (NSV)
      • NXD LP Technology
        • NXD/DXN UniV2 Base Pair LP - Contract Renounced, Locked and Immutable
        • Fee-on-Transfer 5% (FoT)
        • FoT Whitelisting Functionality - Timelock Governance
        • Web of Deflationary LP Volume
      • Price Floor Technology
        • Price Floor Increased by NXD Burns
        • Price Floor Increased by the Uniswap UniV2 0.3% DXN Fee
      • Comprehensive Effects on NXD’s Intrinsic Value
    • NXD Tokenomics
    • NXD Limited Mint Phase
    • NXD Referral Program
  • NXD Protocol Audit
  • User Guides - FAQ
    • How to mint NXD tokens?
    • How to interact with the NXD Staking Vault?
    • How to add liquidity to the NXD/DXN UniV2 LP?
    • How to remove liquidity from a UniV2 LP?
    • Why can’t I create a UniV3 LP?
    • Why do I receive the error - "DBXen: failed to send amount" / "swap failed" / "unstake error"?
    • How are the DSV and NSV buy, burn & claim strategies executed?
    • How to interact with an IPFS Hosted Website?
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  1. NXD Protocol Ecosystem
  2. NXD Economics of Compounding
  3. NXD LP Technology

FoT Whitelisting Functionality - Timelock Governance

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Last updated 1 year ago

The NXD Protocol is designed to be completely immutable, with all contracts renounced except for the whitelist function related to FoT. In the initial stages of active development, we retain control over this function to enable whitelist capabilities for ICX Protocol and other future protocol integrations with regards to the NXD token.

Decentralization varies in its implementation, especially during phases of active development. Initially, maintaining centralized control over this specific function is necessary. Over time, the NXD team plans to transfer this control to NXD token holders, progressively achieving complete governance as Phases II and III of the DXN Hyperstructure Initiative are completed.

To safeguard against potential misuse, we've incorporated a Time-Lock Mechanism, borrowed from Uniswap[1], for this particular function post-LMP and deployment of necessary whitelisted contracts. This mechanism ensures a mandatory 14-day waiting period before any changes take effect, ensuring transparency and preventing unilateral decisions without community awareness.

This measure aims to provide reassurance until we successfully complete Phases II and III of the Hyperstructure Initiative, at which point we will fully transition governance responsibilities.

[1]

https://docs.uniswap.org/contracts/v2/reference/Governance/governance-reference