The DEVORAH™ Pool
In a classic liquidity Pool, a pair is created between 2 Tokens:
[A] Token
[B] Token
Within the DEVORAH™ Pool, a pair is established virtually between "[A] Token" and "[B] Token", while the [C] Token serves as DEX Swap Volume Counter:
[A] Token: Raw-Vesta
[B] Token: VPEQ, EQV, EQX, EQXC, EQO, EQOURO, EQUSDC, EQGSC
[C] Token: VEQ
DEVORAH™ Pool Initialisation
The DEVORAH™ Pool will be initialised using 1.000.000 Raw-Vesta Tokens.
Swapping Execution
With each exchange taking place in the DEX, a defined quantity of "[B] Tokens" are created, adhering to specific criteria. These tokens are then subjected to a virtual swap with the "[A] Token" of the DEVORAH™-Pool: Raw-Vesta.
In essence, every DEX swap triggers the automatic minting of "[B] Tokens," which are deposited in the DEVORAH™ Pool and subsequently exchanged in a virtual manner for Raw-Vesta, ultimately returning it to the individual initiating the swap. This operational sequence will unfold with every instance of swapping within the DEX.
[B] Token: EQ Token Variants
VPEQ
VPEQ (Vesta Price Equivalent) symbolizes the foundational monetary equivalent of the Raw-Vesta amount that initializes the DEVORAH™ Pool. This equivalence will persist throughout the pool's lifespan, representing the dollar equivalent of all Raw-Vesta Tokens within the pool.
This valuation maintains parity with the Vesta Token value, not only during the pool's initialization, but also as the pool continues to operate.
If the initialization employs 1 million Raw-Vesta Tokens and the Vesta price stands at 0.03196 USDC, then the equation translates to minting 1,000,000 x 0.03196 VPEQ Tokens with the pool initialisation, resulting in 31,960 VPEQ Tokens.
EQV
EQV Tokens correspond to the volume of Equivalent Tokens produced with each transaction within the vEGLD based pools in the DEX. These tokens embody the dollar equivalent of the transaction fee paid during the swap. To illustrate, if a swap of 1000 USD worth of vEGLD to VESTA token takes place using the vEGLD-VESTA Pool, where a 2% fee is applied, the outcome would entail the generation of 20 EQV Tokens.
Swaps within the following pools will generate EQV Tokens:
vEGLD-XLH
vELG-VST
vEGLD-USDC
vELGD-KOSON
vEGLD-SUPER
VEGLD-CPA
EQX
In scenarios where a swap occurs within a Tier X Pool distinct from the Capital Tier X Pool, an extra volume of EQ Tokens is created, taking the form of EQX Tokens. This quantity corresponds to 2% of the volume of EQV Tokens generated during the exact same swap event.
Swaps within the following pools will generate EQV Tokens:
vEGLD-XLH
vEGLD-USDC
vELGD-KOSON
vEGLD-SUPER
VEGLD-CPA
EQXC
In situations where a swap takes place within the Capital Tier X Pool, namely the distinguished vEGLD-Vesta Pool, an additional amount of EQ Tokens is produced, specifically manifesting as EQXC Tokens. This volume is equivalent to 5% of the EQV Tokens' volume generated during the very same swap event.
Swaps within the following pools will generate EQXC Tokens:
vEGLD-VST
EQO
In situations where a swap takes place within pools where OURO exists except for the USDC-OURO pool, an additional amount of EQ Tokens is produced, specifically manifesting as EQO Tokens.
Currently no DEX Pool enters this criteria.
EQOURO
In situations where a swap takes place within the USDC-OURO pool, an additional amount of EQ Tokens is produced, specifically manifesting as EQOURO Tokens.
EQUSDC
In situations where a swap takes place within a pool where USDC exists except the USDC-OURO and USDC-GSC Pool, an additional amount of EQ Tokens is produced, specifically manifesting as EQUSDC Tokens.
Currently no DEX Pool enters this criteria.
EQGSC
In situations where a swap takes place within the USDC-GSC Pool, an additional amount of EQ Tokens is produced, specifically manifesting as EQGSC Tokens.
[C] Token: VEQ Token
For every swapping event that takes place on the DEX, an extra volume of equivalent Tokens comes into existence, being designated as VEQ Tokens. This quantity is directly proportional to the monetary value of the swap input. Subsequently, these Tokens are consistently channeled into the DEVORAH™ Pool in synchronization with each swapping occurrence. Their primary function is to serve as a means to monitor the daily trading volume within the DEX. This tracking is essential to accurately determine the replenishment of the DEVORAH™ Pool with Raw Vesta, a process scheduled for the forthcoming Epoch.
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