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The DeXe Protocol ("the Protocol") is an innovative open-source DAO constructor featuring a library of over 50 contracts continually developed and enhanced through the collaborative efforts of the community and contributors.
DEXE contracts offer a strong and effective structure for making and communicating with DAOs. The system features multiple contracts divided into three key groups including core, gov, and factory.
DAOs can be governed via:
ERC20 token
ERC721 token (NFT)
both ERC20 & ERC721
The core contracts play a crucial role in the functionality of the platform.
ContractsRegistry - controls and tracks all the essential contracts and acts as a central hub. a registry of all smart contracts used by all DAOs built via the protocol.
PoolFactory - this is where new DAOs get created.
PoolRegistry - a registry of all the DAOs created via the Protocol
Coreproperties- responsible for storing universal system.
Factory Contracts- It has various functions which include
keeps a list of all the pools created.
allows all of them to be upgraded in the same transaction using the Beacon Proxy pattern.
Meritocratic Governance
Dexe uses a system of governance meritocracy in which DAOs can delegate their treasury's voting power and members can delegate their voting power to experts
DAO has two types of rewards
Voting Rewards
This type of reward is distributed for participating in a proposal vote that the DAO has accepted.
Proposal Creation Rewards
This crucial type of reward is given for creating a proposal that the DAO later accepts.
DEXEUSD surged more than 35% in the past two days. It holds above the short-term (21 and 55 EMA) and above the long-term moving average. It hit a high of $12.84 and is currently trading around $0.11.02.
The bullish invalidation can happen if the pair closes below $6. On the lower side, the near-term support is $9. Any break below targets $7.75/$6.50. Any breach below $6 targets $3.80/$3.
The pair's near-term resistance is around $13. Any breach above confirms minor bullishness. A jump to $15/$20 is possible. A surge past $20 will take it to $25/$30.
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It is good to buy on dips around $8 with SL around $6 for TP of $15.
