Tokens

Catex Token Ecosystem: Governance, Incentives, and Liquidity

The Catex ecosystem is powered by four interconnected tokens, each serving a unique role in liquidity, governance, and incentives. At the core is CATX, with additional tokens designed to enhance sustainability and efficiency.

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CATX – Utility Token

CATX is the primary ERC-20 token of Catex, essential for liquidity and governance. It serves two main purposes:

1. Liquidity Provision – Users can provide liquidity in Catex pools and earn.

2. Governance & Rewards – CATX can be locked to create veCATX, granting voting power and access to protocol revenue.

Key Features:

• The most liquid token in the ecosystem.

• Used in gauge voting and emissions distribution.

• Aims to enhance trading conditions by incentivizing deep liquidity.

CATX

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veCATX – Vote-Escrowed Governance Token

veCATX is an ERC-721 (NFT) token obtained by locking CATX for up to 2 years. The longer the lock, the more voting power a holder receives.

Utility & Benefits:

• Governance Participation – veCATX holders can vote on liquidity gauges, directing CATX emissions to pools.

• Revenue Distribution – Holders earn 100% of trading fees and incentives from the pools they vote for.

• Rebasing Mechanism – veCATX follows ve(3,3) mechanics, with weekly emissions distributed to prevent dilution.

Additional Features:

• veCATX gradually decays until the lock expires.

• Positions can be merged, split, and traded on secondary markets.

• Used to determine the allocation of incentives and liquidity emissions.

veCATX

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oCATX – Emissions & Liquidity Incentive Token

oCATX is a tradable emissions token designed to improve incentive alignment and reduce CATX devaluation.

Utility & Benefits:

• Convert to CATX at a Discount – oCATX holders can redeem CATX at a reduced rate, reducing sell pressure.

• Upgrade to veCATX – oCATX can be converted 1:1 into veCATX, allowing participation in governance.

• Supports Liquidity Incentives – A portion of redemptions is allocated to boost top-performing liquidity pools.

This system helps stabilize rewards, reduce inflation, and encourage long-term participation.

oCATX

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bveCATX – Voter Incentive Token

bveCATX is a non-liquid token designed to reward active veCATX voters and deepen governance engagement.

Utility & Benefits:

• Redeemable for veCATX at a 100% Discount – Encourages continuous voter participation.

• Incentive Distribution Mechanism – ≈30% of oCATX redemptions are used to buy back CATX, which is then distributed as bveCATX to incentivize gauge voting.

This ensures that liquidity incentives are effectively aligned with governance decisions, reinforcing sustainable rewards for engaged participants.

bveCATX