adrena-orex · August 4, 2025 10:03
diff --git a/gistfile1.txt b/gistfile1.txt
 Objective:

 Votex.so , Solanas only votes market focused on building solutions for Solana DAO projects, is aiming to establish a long-term collaboration between Adrena and Votex - to launch a Liquid Governance Token (LGT) for ADX, vxADX, which is a liquid version of staked ADX and is interest accruing from ADX protocol revenue share rewards.

 Overview:

 Votex.so is building the first-ever vote market (ie DAO token market) infrastructure on Solana, launching initially with votes markets for SolBlaze and SaberDAO.

 As the next step, Votex will introduce a Liquid Governance Token (LGT) system - a tokenized version of a locked governance token, that carries with it protocol rev share.

 We would be excited to expand this solution to Adrena.

 How the ADX LGT Would Work:

 vxADX (the Liquid Governance Token ie LGT) is a liquid token that represents a max-locked ADX position.
 Adrena Protocol rev share is used to continuously buy ADX and compound it into the LGT, generating sustained buy pressure on ADX in the open markets, while at the same time increasing gov locked ADX.
 A liquid market is established to enable seamless swaps between vxADX and standard ADX.

 Why this matters for the Adrena Ecosystem:

 Unlocks revenue share - users gain exposure to rev share without locking their funds.
 Drives constant buy pressure - protocol revenue is used to continuously buy ADX and compounds into the LGT (vxADX)
 Increases ADX demand, with additional financial tools built around the ADX token, and protocol.
 Increases Adrena awareness in the DeFi mindshare space, which in theory should increase the trader user base

 We request:

 To ensure proper integration and compatibility with the LGT model, we kindly request:

 Read-only access to the current Adrena codebase, including smart contracts and AMM logic
 Architectural documentation, if available, to better understand protocol design and token mechanics
 A grant in the form of liquid ADX tokens that will be used for LGT-ADX markets only. The amount ought to correspond to $50,000 worth of ADX so that there can be $25,000 on each side of the market (vxADX-ADX)

 This access will allow our developers to efficiently begin working on ADX LGT, and allows the Votex team to facilitate the necessary vxADX-ADX markets on a DEX.
	Objective:

	Votex.so , Solanas only votes market focused on building solutions for Solana DAO projects, is aiming to establish a long-term collaboration between Adrena and Votex - to launch a Liquid Governance Token (LGT) for ADX, vxADX, which is a liquid version of staked ADX and is interest accruing from ADX protocol revenue share rewards.

	Overview:

	Votex.so is building the first-ever vote market (ie DAO token market) infrastructure on Solana, launching initially with votes markets for SolBlaze and SaberDAO.

	As the next step, Votex will introduce a Liquid Governance Token (LGT) system - a tokenized version of a locked governance token, that carries with it protocol rev share.

	We would be excited to expand this solution to Adrena.

	How the ADX LGT Would Work:

	vxADX (the Liquid Governance Token ie LGT) is a liquid token that represents a max-locked ADX position.
	Adrena Protocol rev share is used to continuously buy ADX and compound it into the LGT, generating sustained buy pressure on ADX in the open markets, while at the same time increasing gov locked ADX.
	A liquid market is established to enable seamless swaps between vxADX and standard ADX.

	Why this matters for the Adrena Ecosystem:

	Unlocks revenue share - users gain exposure to rev share without locking their funds.
	Drives constant buy pressure - protocol revenue is used to continuously buy ADX and compounds into the LGT (vxADX)
	Increases ADX demand, with additional financial tools built around the ADX token, and protocol.
	Increases Adrena awareness in the DeFi mindshare space, which in theory should increase the trader user base

	We request:

	To ensure proper integration and compatibility with the LGT model, we kindly request:

	Read-only access to the current Adrena codebase, including smart contracts and AMM logic
	Architectural documentation, if available, to better understand protocol design and token mechanics
	A grant in the form of liquid ADX tokens that will be used for LGT-ADX markets only. The amount ought to correspond to $50,000 worth of ADX so that there can be $25,000 on each side of the market (vxADX-ADX)

	This access will allow our developers to efficiently begin working on ADX LGT, and allows the Votex team to facilitate the necessary vxADX-ADX markets on a DEX.
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