Welcome to Axly, the next-gen DeFi protocol that seamlessly fuses AMM liquidity pools with a lending platform, ensuring that capital works smarter. At the heart of this protocol is AXLY, the native utility and governance token that embodies the full potential of the project.

In our strategic move to introduce AXLY to the market, an Initial Dex Offering (IDO) is slated to take place on the Swop.fi Launchpad. This offers investors a chance to acquire the token at its introductory price, which holds the potential for notable appreciation. Let’s delve deeper into AXLY’s tokenomics and the earning opportunities it provides.

Axly overview

Axly gives users two main avenues to earn:

• Lending: Deposit an asset without worrying about impermanent loss and watch as it earns interest on secured loans.
• Farming: Engage in liquidity pools using leverage. By using borrowed funds, profits can be amplified.

We are also going to introduce AXLY token staking as a future income option.

For a more detailed exploration of how Axly operates, please refer to our overview article and docs.

Make use of AXLY token

The AXLY token is an integral to the Axly ecosystem, with several planned use cases:

• Staking [in the pipeline]: Earn directly from the protocol’s revenue.
• Governance [in the pipeline]: Gain voting rights to influence protocol parameters.
• AXLY lending: Benefit from depositing AXLY into the loan fund.
• Providing liquidity: Invest in the AXLY-WAVES pool on Swop.fi to receive enticing rewards with APR up to 150% at the very start, with gradual scaling down (described further).

Get in early

For those eager to get on board, a public IDO for AXLY on the Swop.fi Launchpad will offer enthusiasts a chance to get AXLY at its introductory price. IDO terms will be revealed a bit later. However, SWOP stakers will have a privilege (as they always do).

We also have the AXLY retro-drop in the pipeline, which rewards early adopters, both farmers and lenders, who believed in our vision before the token launch.

AXLY tokenomics

With a total maximum supply of 10,000,000 AXLY, our tokenomics is designed to gradually inject the token into the market and continually burn surplus to maintain equilibrium in the ecosystem.

The initial distribution is as follows:

20% — Allocation to WavesDAO for their invaluable project funding

with a 3-month lock, followed by a 12-month vesting

19% — Dedicated to the team
with a 3-month lock, followed by a 12-month vesting

15% — Channeled into diverse marketing efforts.

26.5% — Earmarked for forging new partnerships and collaboration with exchanges, other blockchains, etc.

11% — Reserved for lender bonus
spread over 24 months

2% — Bonus for AXLY-WAVES pool liquidity providers

spread over 3 months

5% — Upcoming IDO on Swop.fi Launchpad

Up to 1% — Retro-drop rewarding the active user base preceding the token launch

0.5% — Initial AXLY-WAVES pool liquidity

Bonus for lending

Lenders to the Axly loan fund, irrespective of a token they deposited, will receive AXLY rewards for two years following AXLY launch.

The tokenomics outline sets the maximum AXLY amounts allocated for these rewards. However, the actual rewards will be adjusted, so that the projected APR for each upcoming week does not exceed the target values listed below. Excess AXLY will be burned!

Bonus for AXLY-WAVES pool LPs

Liquidity providers who contribute to the AXLY-WAVES pool stand to gain additional AXLY rewards over the initial 3 months following AXLY launch. Much like the lender bonus, there’s a cap set on the target APR, and surplus AXLY will be burned.

Accrual of bonuses

The bonus system for both lenders and liquidity providers kicks into action as soon as the IDO concludes and the AXLY-WAVES pool goes live. The rewards can be seamlessly claimed through a dedicated portal created for this very purpose.

Get your piece of the AXLY pie!

Sign up for our Twitter

Join our Telegram group

Axly is a next-level DeFi protocol combining the power of AMM liquidity pools and a lending platform to maximize capital efficiency. Axly offers users two main options to earn: farming in liquidity pools with leverage and single-asset depositing to get interest on targeted loans.

The idea of leveraged farming is quite simple: the more liquidity provided, the more potential returns are. When you open a farming position of $100 with 3x leverage, Axly appends another $200 utilizing the loan fund, so a total of $300 added to a liquidity pool brings 3 times more rewards than $100. If a liquidity pool generates 50% APY, with 3x leverage you get 150% (minus borrowing interest).

It’s important to mention that the loan fund is not available to outside borrowers. The assets can only be invested in liquidity pools under the full control of the Axly smart contract, which eliminates the risk of non-repayment. That’s why Axly loans do not require collateral.

Built on the Waves blockchain, Axly enables yield farming in featured liquidity pools of Swop.fi and WX Network. Connecting users and DeFi services, Axly will act as a booster for the entire Waves DeFi ecosystem and will give it new impetus to evolution.

How it works

Asset flow in Axly is as follows:

Lenders deposit their assets in the loan fund. The assets are offered to farmers for leveraging up their positions, and the lenders earn Lending APY that comes from borrowing interest paid by farmers.

Farmers provide assets to be added to liquidity pools, open leveraged farming positions, and enjoy higher Farming APY.

Axly provides the complete investment service: takes loans for farmers in the loan fund; exchanges assets to the right ratio; provides liquidity to the pools and stakes LP tokens; claims and reinvests farming rewards; monitors the health of each leveraged position.

If the ratio of debt to position value exceeds the acceptable level (due to unfavorable price movement or increased borrowing interest), Axly partially liquidates the position to protect lenders’ capital. Namely, Axly removes a portion of the liquidity from the pool to partially repay the debt. In contrast to the complete liquidation, the farming position still has the opportunity to grow again if the price goes in the opposite direction. Thereafter, the stop-loss option will be added, allowing farmers to set a stop price in $ for one or both pooled assets, below which the position will be closed automatically.

Key features for Axly farmers

• Auto-compounding by regularly reinvesting farming rewards gained in SWOP or WX tokens.
• Leverage option to provide higher yields on less capital.
• [soon] Stop-loss option based on the pooled asset prices.

Key features for Axly lenders

• Depositing a single asset with no risk of impermanent loss.
• Safe targeted loans fully controlled by Axly.

In summary, the Axly protocol offers users a variety of earning strategies, from conservative to high-yield & high-risk. We strongly believe that leveraged yield farming has the potential for sustainable growth in any market conditions.

Sign up for our Twitter

Join our Telegram group