$BLACK Token Rights
Updated May 15, 2026Overview
- Token(s)
- BLACKveBLACK
- Token Type
- GovernanceUtility
- Utility
- Liquidity Incentives
BLACK is the governance and utility token of the ve(3,3) DEX on Avalanche, BLACK tokens are emitted as farming rewards to LP providers to incentivize liquidity
Governance Rights
ControlHolders lock BLACK to mint veNFTs (veBLACK governance NFTs) that grant voting power. veNFT holders vote weekly on gauges to direct BLACK emissions to specific liquidity pools. Supermassive veNFTs can be acquired by burning BLACK for non-decaying voting power & boosts
Governance Decisions
By locking up $BLACK tokens ranging from a week till up to 4 years, a so called Singularity veNFT can be minted. The voting power is higher when the lock period selected is longer.
Treasury Decisions
Revenue Decisions
veBLACK holders can vote weekly to direct BLACK emissions to specific liquidity pools
Fee Switch
ONFees are automatically collected and distributed to veBLACK voters from the previous epoch. 5% of emissions are directed to the protocol foundation address to cover operational costs & fund future development
Primary Value Accrual
Protocol Revenue ShareValue accrues through protocol fee distribution to veBLACK holders in the form of BLACK tokens
Equity Statement
Team and foundation tokens have been burned to mint Supermassive veNFTs and have no vested BLACK tokens.
Economic Rights
Value CaptureveBLACK Voters receive all protocol trading fees from the previous epoch and additional voter incentives from the current epoch, proportional to locked amounts. Minting a Supermassive veNFT permanently burns underlying BLACK, sending it to a burn address
Buybacks
The Foundation allocates a portion of net revenue to buy back BLACK tokens, which are then burned. These burns are used to mint Supermassive veNFTs, which in turn support the Escape Velocity rebate program which rewards active participants with rebate incentives.
Dividends
veBLACK holders receive revenue from a share of trading fees generated by the liquidity pool they voted for and 100% of the voting incentives contributed by partners to that specific pool
Burns
ActiveWhen minting Supermassive NFTs, the underlying BLACK tokens are sent to a burn address, permanently removed from supply
Ownership
- Fundraising
- None
- Equity Revenue Capture
- No
- Associated Entities
- DAOFoundation
- IP & Brand
- Foundation
- Domain
- Foundation