DeXe Protocol Surpasses $1B TVL After Ethereum Integration and DAO Treasury Consolidation
Lisbon, Portugal, January 10th, 2025, Chainwire
DeXe Protocol has made tremendous progress in its roadmap, achieving crucial milestones that mark a significant step forward for the protocol and drive substantial growth in key metrics. With the successful deployment on Ethereum, the consolidation of the DAO Treasury, and the launch of the DeXe Staking Feature for DAOs, DeXe solidifies its position as a leading force in decentralized governance and treasury management.
The impact of these milestones is profound:
DeXe Protocol’s Total Value Locked (TVL) has grown significantly, elevating the protocol to new heights. Previously ranked among the Top 10 largest DAOs globally, DeXe Protocol’s TVL has now reached over $1 billion, a testament to the trust and confidence in the protocol.
The combination of Ethereum deployment and DAO Treasury consolidation represents a monumental step forward for the community and its mission to create a fully autonomous and transparent ecosystem.
DeXe Protocol is Now Live on Ethereum
DeXe Protocol and DeXe DAO have officially launched on Ethereum, the largest and most liquid blockchain in the DeFi ecosystem. With over $70 billion in Total Value Locked (TVL) and the most active DAO community globally, Ethereum provides unparalleled opportunities for DeXe’s technology to thrive.
This deployment enables the protocol to fully leverage its cutting-edge tools for treasury management, decision-making, and DAO governance. Additionally, with approximately 60% of DEXE tokens residing in Ethereum, this step unifies token holders across both Ethereum and BNB Chain into a multi-chain governance ecosystem.
DAO Treasury Consolidation in DeXe Protocol Smart Contracts
In alignment with its roadmap, DeXe DAO has successfully consolidated its Treasury and organizational assets into the smart contracts of DeXe Protocol. A proposal approved by the DAO community facilitated this initiative, transferring approximately 60% of DEXE supply into secure, transparent, and autonomous governance contracts on Ethereum.
This move brings significant benefits to the DeXe community:
Consolidating all of DeXe DAO’s assets, including those on Ethereum, into DeXe Protocol’s smart contracts give significant benefits:
Increased TVL, highlighting the strength and reliability of the Protocol.
Transparency and autonomy for all DAO members and DEXE token holders in managing organizational assets and technology.
Reinforcement of the organization’s commitment to long-term development and growth.
DeXe Staking Feature for DAOs
The DeXe Staking Feature represents a revolutionary step in empowering DAOs. By allowing DAOs to reward active contributors, keep staked tokens active for governance voting, and offer fully customizable parameters, this feature aligns incentives and fosters deeper community engagement.
A Roadmap in Action
These major milestones demonstrate DeXe Protocol’s dedication to delivering on its promises. The roadmap is being executed with remarkable momentum and hard commitment from the protocol and community.
As the DAO continues to expand its reach and refine its ecosystem, further developments and innovations are on the horizon. DeXe is well-positioned to scale even greater heights with the complete Ethereum deployment and Treasury consolidation.
Stay tuned for upcoming updates and milestones — this is just the beginning of DeXe Protocol’s journey!
About DeXe
DeXe Protocol is an advanced infrastructure for creating and managing decentralized autonomous organizations (DAOs). Comprising over 50 smart contracts, it offers a meritocratic approach to governance, aligning incentives while supporting fast and sustainable growth. Governed by DeXe DAO, the platform provides a flexible toolkit to help new and existing DAOs build, refine, and scale their operations. DeXe aims to revolutionize decentralized governance and drive innovation in the DAO ecosystem by focusing on active member participation and expertise.