TLX is a decentralized leveraged token platform on OP Mainnet, offering up to 20x leverage on over 50 assets. It uses a council-based governance model and has a 100 million supply of TLX tokens. Stakers earn all platform fees, and 8% of the supply is vesting. The TLX DAO holds 3% of the supply and $1 million in ETH Delta Neutral positions.
Value Proposition:
TLX is a permissionless, non-custodial leveraged token platform built on OP Mainnet. It enables users to mint and redeem leveraged tokens (LTs) for over 50 assets with up to 20x leverage. All LTs are backed by Synthetix perpetual futures contracts.
Governance:
TLX employs several governing bodies that oversee the maintenance and improvement of the TLX protocol. These governing bodies are referred to as councils. While each takes on a specific role, councils work together to fulfill governance responsibilities. This division of governance responsibilities via a council structure enables the TLX protocol to be decentralized and efficient.
Tokenomics:
TLX is the native governance token of the TLX protocol. Total supply is 100,000,000 TLX. 100% of platform fees go directly to TLX stakers.
Previous Funding:
The Initial investment was obtained by selling 8% of the token supply which is currently subject to a 1 year linear vesting period. The TLX DAO currently has around 3% of the supply, as well as around $1,000,000 in POL which sits in an ETH Delta Neutral Position using TLXs LTs.
