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xMaquina DAO Capital Distribution Implementation Plan

High-Level Requirements

xMaquina needs a capital distribution system that rewards veToken stakers based on:

• Their voting power (stake amount)
• Their stake duration (time locked)
• Continuous participation over a 30-day distribution period

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avKAT Integration Guide for CEXs and Custodians

Overview

avKAT is a derivative of the KAT token that automates governance and yield generation for stakers. This guide covers the essential integration flows for stake/unstake operations.

Key Parameters

• No minimum lock period - Users can exit anytime
• Token Mechanics - 1 KAT = 1 vKAT at deposit, but avKAT is an ERC-4626 vault token that accrues yield compounded in KAT, so the exchange rate is expected to drift upward over time.

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Summary

In Benqi's optimistic governance flow, a multisig creates governance proposals that veQI token holders can Veto.

The question is: should this Multisig be an Aragon Multisig or a Safe.

Our recommendation is to use an Aragon Multisig for the above governance flow, keeping the existing safe as an emergency multisig.

Our rationale is:

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Specification: Bonding.sol

1. Overview

Bonding.sol is the core smart contract responsible for bootstrapping the Taikodrome economy. Its primary function is to facilitate the one-way conversion of the native $TAIKO token into max-locked veTD governance positions.

The contract is designed to create a powerful incentive for early, large-scale participation by offering significant, competitive discounts. It also serves as the primary mechanism for accumulating Protocol-Owned Liquidity (POL), which will be used to establish deep liquidity for the foundational $TAIKO/$TD pair on the Taikodrome DEX.

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jordaniza

Taikodrome Ideas Spec

Overview

Taikodrome is a fork of Aerodrome designed to bootstrap a new DEX economy on Taiko using $TAIKO as the exogenous token. This specification serves as the central reference for all architectural decisions and modifications required.

System Architecture

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TWAP Bootstrap Strategy for Taikodrome

What is TWAP?

TWAP (Time-Weighted Average Price) is a price calculation that averages the price of an asset over a specific time period, making it resistant to manipulation.

How TWAP Works in Aerodrome

Aerodrome pools store price observations at regular intervals (every 30 minutes by default):

• Each observation records: timestamp, cumulative price

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ERC20Votes Auto-Delegation for TAIKO in Aerodrome Pools

Executive Summary

This document analyzes the implementation of TAIKO token delegation in Aerodrome liquidity pools to prevent "dead" governance tokens from accumulating in the DEX. The solution is elegantly simple: have pools delegate to a multisig once, and all future TAIKO deposits automatically contribute voting power.

How ERC20Votes Delegation Works

The Key Mechanism

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Considerations for Injecting an Exogenous Token into Aerodrome

Executive Summary

Replacing the native AERO token with an exogenous token in Aerodrome is technically feasible due to the protocol's modular architecture. However, this integration requires careful consideration of interface compatibility, minting mechanisms, governance implications, and economic effects. This document provides a comprehensive analysis of all considerations for such an integration.

Technical Requirements

1. Interface Compatibility

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AERO Token: Complete Tokenomics and Minting Analysis

Executive Summary

The AERO token implements a sophisticated emission system designed to bootstrap liquidity while protecting long-term token holders through an anti-dilution "rebase" mechanism. The protocol transitions through growth, decay, and tail emission phases, with a unique feature that mints additional tokens specifically to compensate veNFT holders for dilution. This document provides a comprehensive analysis of the minting mechanics, emission schedule, and the rebase system.

Table of Contents

1. Core Architecture
2. Emission Schedule

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Aerodrome TWAP Oracle Implementation Guide

Overview

Aerodrome implements a Time-Weighted Average Price (TWAP) oracle directly within its liquidity pool contracts, providing a decentralized and manipulation-resistant price feed mechanism. This document provides a comprehensive analysis of the TWAP functionality and how to reliably use Aero pools as price oracles.

TWAP Architecture

Core Data Structures