# Welcome to VaporDEX {% hint style="info" %} **Welcome to VaporDEX - The World's Most Rewarding DEX** {% endhint %}
At VaporFi, we believe in the **future of decentralized finance.** That's why we've created the world’s most rewarding DEX. Swap, stake, and create liquidity pools in our exchange, and dive deep into the world of DeFi with lower fees and more options to earn. Access even more features with fiat on and off-ramping, a multichain bridge, and built-in aggregators to find the best swap rates. VaporDEX is a core solution of VaporFi’s ecosystem of products. **Core Differentiators:** * Access the best rates using our built-in aggregators for swaps, bridging, and fiat on-ramping * Go multi-chain to access tokens using 16 different blockchains and 11 different bridges through our partnership with Li.Fi * Buy and sell crypto easier with multiple options for fiat on-ramping and off-ramping * Earn even more rewards by participating in Stratosphere, our world-class loyalty program * Your $VAPE tokens are protected from exploits through our partnership with Lossless DeFi # Swap & Aggregator # How to Swap {% embed url="" %} ## How to Swap **1. Navigate to or ** **2. Click "Enter DEX"** ![](https://image.scribehow-prod.com/3jIrjxrJBgOpEwJ-KlyjslG4MJYcsawacAa47Bfbxfw/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:0:525/wm:0.8:nowe:79:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzVjYmQ0NThmLWE1NDEtNDE5Yi05ZWM1LWYzNTNiN2QwM2E5NC9hc2NyZWVuc2hvdC5qcGVn) **3. Click the "amount field". Type in your amount.** ![](https://image.scribehow-prod.com/TScV2KmBx2S1croRK-HeJ5L0fXD4apqTl063OMZZPbk/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1649:0/wm:0.8:nowe:535:279:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzA1YzE5MWUzLWZmMWUtNGE4YS05OTJhLTljNmZmYzk5YjA4Mi9hc2NyZWVuc2hvdC5qcGVn) **4. Click "Swap"** ![](https://image.scribehow-prod.com/G8rRAfP3wMjAwFHRGNF8c9twqrgWM4GACgRaM0C_Fz4/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1644:423/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2ZlNDY4MmJjLTAxYTQtNDg0ZS1hN2QxLTI3OWVhYzM2OGFiOS9hc2NyZWVuc2hvdC5qcGVn) **5. Click "Done"** ![](https://image.scribehow-prod.com/VxX3SHUARUtIlKEl0q7KRFOXzLvgu1jsmip1GGAkDe8/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1516:377/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2UzYmJjNjZjLWE3MjMtNGQzYy1iOGQ2LTA5OThmZDg3NTM1OS9hc2NyZWVuc2hvdC5qcGVn) # Who do we Aggregate through? Our DEX has a router protocol allowing you to find any available swap pair by creating hops to different DEXs to get you an end result of the tokens required. Avalanche DEXs * TraderJoe * Pangolin Swap * Sushi Swap * Kyber * Synapse * Axial Exchange * Platypus * Curve * Woofi * Geode * Arable * GMX * Wombat * Reservoir * Pharaoh
Telos DEXs * Swapsicle V2 * Swapsicle V1 * Apeswap * ELK * Omnidex * Zappy **Ape chain**: * Saru * Camelot # Liquidity Pools {% hint style="danger" %} We do not currently support fee-on-transfer tokens, also known as tokens with buy/sell taxes, in our Aggregator (currently under development). Please contact us so that we can inform you when it is completed and assist you with your launch. {% endhint %} # Overview of LP Pools Liquidity pools Liquidity pools are an amazing feature within the Crypto space that help tokens in decentralized finance become easier to trade/ swap by increasing liquidity. It's based around Automated market makers (AMMs) which are decentralized finance protocols that allow for the swapping of assets without a centralized intermediary. Smart contracts replace trading desks and order books in "making the market." AMM (Automated Market Maker) Trades are executed using assets from liquidity pools. Users create pools for specific tokens and deposit assets into them. Users who supply assets to a pool are called liquidity providers (LPs). AMM pools are permissionless, meaning a user can make a pool for any asset. Permissionless pools are key to decentralization, but they also create risks. Some users list fake tokens, hoping to trick others into buying the wrong asset. A common version of this scam is a token with a slight misspelling of a popular token (e.g., VPMD). It is especially important to make sure one is purchasing the correct asset before executing a trade. TOKEN WEIGHTS Liquidity pools are clusters of tokens with pre-determined weights. A token's weight is how much its value accounts for the total value within the pool. For example, VaporDEX pools involve two tokens with 50-50 weights. The total value of Asset A must remain equal to the total value of Asset B. PRICING Fixed token weights allow AMMs to achieve deterministic pricing. Tokens in liquidity pools maintain their weight (value relative to one another) even as the quantity of tokens within the pool changes. Prices adjust so that the relative value between tokens remains equal. For example, in a pool with 50-50 weights between Asset A and Asset B, a large buy of Asset A results in fewer Asset A tokens in the pool. There are now more Asset B tokens in the pool than before. The price of Asset A increases so that the remaining Asset A tokens remain equal in value to the total number of Asset B tokens in the pool. Deterministic pricing is the reason liquidity is so important to AMMs. The cost of each trade is based on how much it disrupts the ratio of assets within the pool. Traders prefer deep liquid pools because each order tends to involve only a small percentage of assets within the pool. In small pools, a single order can cause dramatic price swings. It is much more difficult to purchase 1,000 VPND from a liquidity pool with 2,000 VPND, than a pool with 2,000,000 VPND. Low-liquidity pools result in a phenomenon called slippage, in which the cost of a trade is either much higher or lower than the trader expects. (Slippage can either be positive or negative. Positive slippage works in the trader’s favor.) Arbitrage between liquidity pools keeps the asset prices in line with what one sees on centralized platforms. Imagine a scenario in which a trader buys nearly all of Asset A within a pool. The pool now contains very few units of Asset A and a plethora of Asset B. Since the total value of Asset, A must equal Asset B’s total value, the price of Asset B in the pool is now extremely low! Seeing this opportunity, arbitrage bots swoop in to buy the underpriced Asset B for selling in other markets. Eventually, this arbitrage is no longer profitable, meaning the prices of Asset A and Asset B are virtually equal to their “true” market price as reflected by other platforms. MARKET MAKER FUNCTIONS Many AMMs utilize the Constant Product Market Maker model (x \* y = k). This design requires that the total amount of liquidity (k) within the pool remains constant. Liquidity equals the total value of Asset A multiplied by the value of Asset B. Prices in the pool are determined by this function (shown in the curve below). The cost of each trade is based on how much it shifts the curve. Each additional unit of Asset B that the trader purchases shifts the curve even further right, meaning each unit of Asset B is more expensive than the previous one.
LP TOKENS When users deposit assets into a liquidity pool, they receive LP tokens. These tokens represent their share of the total pool. For example, if Pool #1 is the VPND<>AVAX pool, users can deposit VPND and AVAX tokens into the pool and receive back Pool 1 share tokens (VLP). These tokens do not correspond to an exact quantity of tokens, but rather the proportional ownership of the pool. When users remove their liquidity from the pool, they get back the percentage of liquidity that their LP tokens represent. Since buying and selling from the pool changes the quantities of assets within a pool, users are highly unlikely to withdraw the same amount of each token that they initially deposited. They usually receive more of one and less of another, based on the trades executed from the pool. Impermanent Loss Liquidity providers earn through fees and special pool rewards. However, they are also risking a scenario in which they would have been better off holding the assets rather than supplying them. This outcome is called impermanent loss. Impermanent loss is the difference in net worth between HODLing and LPing. Liquidity mining helps to offset impermanent loss for LPs. When the price of the assets in the pool changes at different rates, LPs end up owning larger amounts of the assets that increased less in price (or decreased more in price). For example, if the price of AVAX moons relative to VPND, LPs in the AVAX-VPND pool end up with larger portions of the less valuable asset (VPND). Impermanent loss is mitigated in part by the transaction fees earned by LPs. When the profits made from swap fees outweigh an LP’s impermanent loss, the pool is self-sustainable. \ \ Rewards \ \ Rewards for providing Liquidity pairs are distributed each time a new LP is made or broken up. This results in the shares changing for all involved. So, the rewards are distributed and placed into your Liquidity pair balance. The ability to show your rewards made in a pair gets extremely complicated due to many factors. \ \ 1.) The balance would adjust each time someone made or removed a pair \ 2.) Impermanent loss 3.) Token Value of asset A \ 4.) Token Value of Asset B # What are LP Pools & IL Liquidity pools are stored crypto assets to make trading of major exchanges on DEX (decentralized exchanges) easier. Liquidity pools are reserves of tokens secured in smart contracts. * They provide liquidity in DEX, attempting to mitigate the problems caused by the illiquidity in such systems. * The convergence of orders, establishing price quotations (if reached) decide whether the asset will continue to surge or decline, are also referred to as liquidity pools. * The same DEX that uses crypto liquidity pools uses AMM (automated market maker) approach. Such exchange platforms have the feature to replace conventional order books with pre-funded on-chain liquidity pools for both assets of the trading pair. * For more information pools and impermenant loss.See these videos from Whiteboard Crypto. {% embed url="" %} {% embed url="" %} # Creating a new pool **1. Navigate to ** **2. Click "Enter DEX"** ![](https://image.scribehow-prod.com/fATbKcC__itG4EhD8FC_Fkm4tRdu8iYWCMcXo44EPfU/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:0:525/wm:0.8:nowe:127:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2FlMmIxYWVjLTg4MWQtNGE4YS1iZGZjLTRlZWUyZDhjOTNlMy9hc2NyZWVuc2hvdC5qcGVn) **3. Click "Connect Wallet"** ![](https://image.scribehow-prod.com/uUF2iM1bTWJUIgCfidAqpqWG3cY1UQ9XE5QlRIPxDck/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:919:452/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzUyYzdhMzA0LTg5OTgtNDEyYS04MGFlLTg5ZGY0NmI4NTY1OC9hc2NyZWVuc2hvdC5qcGVn) **4. Click here.** ![](https://image.scribehow-prod.com/m9yTy5XeE7GBrTdx43UwHlCiuNfM1fH1H8irgPwqTqk/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:824:339/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzQ4MTRkZTk3LWIzZGMtNGE4Ny05MzNmLTQyMjMwOWE4NTEzMi9hc2NyZWVuc2hvdC5qcGVn) **5. Click here.** ![](https://image.scribehow-prod.com/r5q_GQBBZQV-OFZPE33KIpmKXLiCKd9ZxYxpGLhCET0/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:0:0/wm:0.8:nowe:78:148:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2MyMDFkMTM0LTE5ZjktNGU2MC1hODRlLWQ5MzkyZDhjZDQyMC9hc2NyZWVuc2hvdC5qcGVn) **6. Click "Liquidity Pools"** ![](https://image.scribehow-prod.com/yClMluKV2084u9Hv1_rMdwyv7N27FDNLeUiDgoJ52PY/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:0:0/wm:0.8:nowe:130:223:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzEwN2EyZGI2LWQ2MGQtNGQ2YS04M2M0LWMxNGQxYTk4ODUyMy9hc2NyZWVuc2hvdC5qcGVn) **7. Click "Create"** ![](https://image.scribehow-prod.com/EltIyTWkMXUdofGFTQ8EFKAi6D5HK7oX5EfUPWFWktE/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1498:0/wm:0.8:nowe:535:142:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2Q4NjRmMGVkLTczNjQtNGFhNy1hODM0LTI4MjYzNzliYzM2Ny9hc2NyZWVuc2hvdC5qcGVn) **8. Click here.** ![](https://image.scribehow-prod.com/gh0-PtfFHMz3sDAlX1bWC7SXGye-e0uwQTOrqLletMY/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:925:100/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzY4ZGMxYzA1LTc1MGItNDBlZS05NGI5LTcwYjJiY2RjY2ZkOC9hc2NyZWVuc2hvdC5qcGVn) **9. Click "DAI.e"** ![](https://image.scribehow-prod.com/BtiWYnbk8mA54r4b3QqDmKvCYnHyW6jhgPOvByNDgbY/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:836:538/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzRkNmFmZTc3LTBlZjMtNGIxOS1iMjQzLWEzOTY3ZDVmYjlkZi9hc2NyZWVuc2hvdC5qcGVn) **10. Click here.** ![](https://image.scribehow-prod.com/n1_pIwFazS8Yr_4kzHXb5AfxS3J-T7CxpLwOkgRa81w/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1131:107/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzNiMWU4Y2Q2LWQ4ZWUtNGY4NC1iN2JiLTEyMzY2YTlmN2I3Yy9hc2NyZWVuc2hvdC5qcGVn) **11. Click "USDC"** ![](https://image.scribehow-prod.com/r4epbws_LOh9QzNSZS_QvOfHf3hteRdsTEdQzFv3UHM/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:828:596/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2Y1MTU4ODRhLTYxZTMtNDY2OC04NDhlLTlkMzY5MDNkZjZiYi9hc2NyZWVuc2hvdC5qcGVn) **12. Click the "0.0" field.** ![](https://image.scribehow-prod.com/kHIrc2JoGoUk2oMxJ_eDN3otjnsOjZ6vxWvcqITdqf0/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1740:96/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzM5OGE3ZjcxLTlmNmUtNGU1Mi1iYzFmLWNlMGNlNDQ0ZDUxNS9hc2NyZWVuc2hvdC5qcGVn) **13. Type "10"** **14. Click the "0.0" field.** ![](https://image.scribehow-prod.com/gK68cSgqlDm08LeuMex5uU-hcvgi7ATNtrxlPUAGWQI/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1738:253/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzg0YmU5ZTY0LTJmMzktNGVhNC04NTVkLTNjZDk2MjFkZDEzZi9hc2NyZWVuc2hvdC5qcGVn) **15. Type "10"** **16. Click "Enable DAI.e"** ![](https://image.scribehow-prod.com/pV195UjMcWoKV0zZG8pk5_Ju-2I8TxYx12iJHIh4hII/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1282:524/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzFlMGMxYmY1LTk2YTMtNDkxNC04NzAxLTdkMjI0YzI0YTZhMC9hc2NyZWVuc2hvdC5qcGVn) **17. Click "Enable USDC"** ![](https://image.scribehow-prod.com/riIGk44QSjJkJvikQhUJoA6Uz4WzMnAXEAP7WfsgzTY/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1518:515/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwLzMxODkxMzBhLTJmZGMtNDljNi04OTE4LTg3MGFhZTg3Yjc1MS9hc2NyZWVuc2hvdC5qcGVn) **18. Click "Add to pool"** ![](https://image.scribehow-prod.com/1nD6F24SzVKTFJbTPTtADtsC7IILrRCOGbFRTo9KWWs/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:1394:509/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2NjOGMzZDZiLWNiN2QtNDA0MC1iMWVkLWRhNzBjMWQ2MGNlOC9hc2NyZWVuc2hvdC5qcGVn) **19. Click "Create Pool & Supply"** ![](https://image.scribehow-prod.com/4PrXCrDYoiLzd_Gdy-tqKwOenjiVYdy9CQGxcNOKXr8/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:893:653/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2M3MzdjZTYyLWIzZTYtNDliOC05MWE0LTU5MjEyMGRmMTRlZC9hc2NyZWVuc2hvdC5qcGVn) **20. Click "Close"** ![](https://image.scribehow-prod.com/g9nyFifhnEzgmnufnuTFM0yYHUw5-0jh5gKdihNI1As/zoom:1.5013404825737264/enlarge:true/crop:746:420:nowe:914:596/wm:0.8:nowe:535:289:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTExLTEwL2IxZTA3NmExLTNkMmEtNGQxZi1iMGUxLWE0NGFhZDhkZTI4MC9hc2NyZWVuc2hvdC5qcGVn) # Launching a token {% hint style="danger" %} We do not currently support fee-on-transfer tokens, also known as tokens with buy/sell taxes, in our Aggregator (currently under development). Please contact us so that we can inform you when it is completed and assist you with your launch. {% endhint %} To launch a token with transfer rules (such as anti-bot and anti-whale measures), ensure that your token contract whitelists both our Router and Adapter contracts. This will allow these contracts to bypass your token restrictions.\ \ For example, this is how the $BAWLS token did the integration:
You can check $BAWLS token code here: \ \ VaporDEX Aggregator Router address: **0xDef9ee39FD82ee57a1b789Bc877E2Cbd88fd5caE**\ VaporDEX Aggregator Adapter address: **0x01e5C45cB25E30860c2Fb80369A9C27628911a2b**\ \ If you need further assitance head over to our Discord server and open a support ticket. # Add to existing Liquidity Pools **1. Navigate to ** **2. Click "Connect Wallet"** ![](https://image.scribehow-prod.com/Pnd-_tO-PpBu38zh408v4oOBTqEugw-OLlHbe7L0Ptw/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:699:392/wm:0.8:nowe:535:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4L2RhMGZmNDIyLTg4ZjYtNGIxZi1hMGQ0LWUzMmRmZGFhYTUyNy9hc2NyZWVuc2hvdC5qcGVn) **3. Choose your wallet type.** ![](https://image.scribehow-prod.com/qPzwIC1zJpgqza1OsRiZ9AqQIMXozEAPuRZtygUTiuU/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:708:258/wm:0.8:nowe:535:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4LzAwMGQ5Nzc5LTRjYzUtNGFiOC04ZDk0LTNjMWVhMDE3OTgyMC9hc2NyZWVuc2hvdC5qcGVn) **4. To add to an existing pool click "Go"** ![](https://image.scribehow-prod.com/Qpn9C_aRiGj-Q4gT9dfHpYbz2Y1E0lr7riSzozWJFFQ/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:118:753/wm:0.8:nowe:535:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4L2RjMzdkNzczLTBjY2ItNGUxNS1hNDYyLTA2ZmQzZDBlYWIxYS9hc2NyZWVuc2hvdC5qcGVn) **5. Type the amount of tokens you wish to add to the LP pool. The bottom token will balance to the top token automatically via Zap.** ![](https://image.scribehow-prod.com/8OTo93fRpfWNOkhB6MkbgFqaeurwkoQVYzDrwr_Oxyc/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:1626:3/wm:0.8:nowe:661:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4LzhmMjdiNTFhLTU1NWItNDlkOC1iZWRkLTA2YWFkN2E0YWY4YS9hc2NyZWVuc2hvdC5qcGVn) **6. Click "Enable Token that you chosen for a first time approval"** ![](https://image.scribehow-prod.com/K2GgLWLWNrBw8mfHRiHt1F1db3kA4qpnpZPYvw2Z6ZQ/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:1291:535/wm:0.8:nowe:535:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4LzIzNWY2MzgzLTExNDYtNDRiNS05YzIzLTE0YWZiMWFmNjVkMS9hc2NyZWVuc2hvdC5qcGVn) **7. Click "Add to pool"** ![](https://image.scribehow-prod.com/UbzlaATsc0dtknas9i7cjmTdZcpZVDpXwyLtCKYyqMU/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:1360:622/wm:0.8:nowe:535:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4L2ZiMTg0YjVlLWZjYTctNDU0YS1hNDQwLWY2MzNjZjQ5YzY5My9hc2NyZWVuc2hvdC5qcGVn) **8. Click "Confirm Supply"** ![](https://image.scribehow-prod.com/8QuTzfC2fiozjcleOZUQvSxUlpy9A1-6r7BnhnjR7H4/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:728:673/wm:0.8:nowe:535:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4L2QyNTM0NjAzLTk0NDAtNDg3ZS05MTZkLTI4ZTU2OWEzNmU2MS9hc2NyZWVuc2hvdC5qcGVn) \*\*9. Click here to add the virtual liquidity pair to your wallet. \*\* ![](https://image.scribehow-prod.com/P6TAb_InzYu0WutDNuNU7I1gZ0LQHuX3GLKB2mR-iss/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:861:530/wm:0.8:nowe:535:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4LzU0Yjk4NmQ0LTE0ODQtNDYxNS05NjBkLTJjNzFiNjg3MjQ5Yy9hc2NyZWVuc2hvdC5qcGVn) 10\. Click "Close" You have now added to the existing liquidity pool. ![](https://image.scribehow-prod.com/905hVA3aBjkEwlFnjWIrPA9XV9EnrQ5_ODNXZugNs_Y/zoom:1.2004287245444802/enlarge:true/crop:933:525:nowe:799:634/wm:0.8:nowe:535:290:0.08928571428571429/aHR0cHM6Ly9jb2xvbnktcmVjb3JkZXIuczMuYW1hem9uYXdzLmNvbS9maWxlcy8yMDIyLTEwLTE4LzM3MmFmMTk4LTI3MDUtNGI3ZC05MzMzLWEyMDBmN2FiOTk3Ni9hc2NyZWVuc2hvdC5qcGVn) # Concentrated Liquidity Pools With the introduction of concentrated liquidity pools users now have a choice when providing liquidity on VaporDex. Concentrated liquidity pools (sometimes referred to as V2 pools) are a fork of the Uniswap V3 pools which are intended to provide liquidity providers with more flexibility and capital efficiency. If you are unfamiliar with how liquidity pools work in general it is recommended that you read the previous sections within the Liquidity Pools section before reading this section. If you are interested in providing liquidity on the Telos network please see the [Telos on VaporDex](/vapordex/liquidity-pools/telos-on-vapordex) section. Given the complex nature of this topic we will try to describe concentrated liquidity pools with some examples but at the heart of it they are a way for liquidity providers to make their capital work harder for them, provide them with more options, and to some extent mitigate risk. In the following sections we will cover each of these points in more detail. # Capital Efficiency Capital Efficiency is arguably the greatest feature of Concentrated Liquidity pools. In simple terms liquidity providers can provide a lot less capital for potentially the same reward they would have gotten with Standard Liquidity pools. This is accomplished by allowing providers to specify the lower and upper bounds (the range) of asset price ranges for which their capital will be made available when providing liquidity. Traditional liquidity pools such as VaporDex's Standard Liquidity pools work on an unbounded range. Meaning that no matter what the price of the assets are in the pool the liquidity will be made available for the purposes of any given trade. The consequence of this infinitely unbounded range is that the capital is very inefficient because it has to be distributed evenly across the entire the lower and upper bounds (0 to infinity). With Concentrated Liquidity pools the liquidity is only made available for a specified range so there less "wasted" capital for prices the assets may never reach. This maybe easier to understand using an example: Let's say that 95% of all $VAPE trades are made when the price of vape is between $.50 and $.85. Suppose Ren supplies $10K in a V1 style $VAPE/$USDC liquidity pool. Also suppose Defi supplies $1200 in a V2 style $VAPE/$USDC liquidity pool and sets the lower and upper bounds to $.50 and $.85 As long as $VAPE is trading between $.50-$.85 then Ren and Defi will get the same amount of fees but Defi only had to supply a fraction of the capital that Ren did. Now if the price of $VAPE goes above or below that range then Ren would get all of the trading fees but that is only 5% of trading and he had to provide 88% more capital to get that. Very inefficient! # Active Liquidity Another feature of Concentrated Liquidity pools is this idea of active liquidity. When an asset is traded outside of the price range set by liquidity providers (LP) it effectively results in the liquidity being removed is converted entirely to one asset. This also means that the LP will not earn any fees while trading occurs outside of the defined range. The liquidity provider than has the option to "actively" change the range with which their liquidity is available to meet the new thresholds that the asset prices are operating in. The liquidity provider alternatively could wait for the price of the asset to return back to its originally defined range but by taking an active role in establishing new bounds on unexpected price movements the liquidity provider could potentially capture all or most of the fees generated within the new range before others catch on. Liquidity providers may also choose to distribute their capital in unique ways across multiple price ranges for the same asset pair. For instance they could provide $5000 for a $VAPE/USDC pool between the $.50-$.85 range, $500 for a $VAPE/USDC pair between $.35-$1.00, and $100 for a $VAPE/USDC pair between $.10-$1.25. In this way they could allow most of their capital to work in a highly efficient manner since that is where the majority of trades (hypothetically) are made but would still be able to catch fees for swaps made outside of the more probable price ranges. This is all possible because of the way that Concentrated Liquidity pools are designed. Instead of having a single pool that all providers contribute to concentrated liquidity uses NFTs to represent a pool for an asset pair within a specified range for a specific liquidity provider. Smart contracts then aggregate the liquidity across these individual pools. # Range Limit Orders Another really cool feature of Concentrated Liquidity pools is what is referred to a range limit order. With concentrated liquidity providers can choose to supply a single asset to a pool and set the threshold above or below the current market price. As we learned in the previous section when the asset pair exceeds the defined bounds established by the liquidity provider than one of the assets is converted entirely to the other. When both of these ideas are combined you effectively have the ability to place a limit order with Concentrated Liquidity pools. This is another concept that could benefit from an example: Suppose that Ren wants to get his hands on some more vape and he observes that the price of VAPE/WAVAX has fallen to a price of $.93. Ren could supply AVAX with a narrowly defined range above that such as $.930-$.931. Then if the price exceeds $.931 it will convert his AVAX to VAPE and then he can withdraw it before the price falls back down again. # Mitigating Risk Concentrated Liquidity pools and more specifically the capital efficiency that it provides allows liquidity providers to mitigate their risk to a certain extent. With the ability to earn the same kind of returns with much less capital liquidity providers do not have to expose as much assets as they would have otherwise with Standard Liquidity pools. That's not to say that there is no risk and in fact the potential for things like impermanent loss may have a greater impact and occur with more frequency in Concentrated Liquidity pools but concentrated liquidity definitely provides liquidity providers with more control to fine tune what kind of risk they are taking and can limit that risk if done thoughtfully. # Concentrated Liquidity Vs Standard Pools Choose the right option As mentioned previously as a liquidity provider (LP) you now have the option to choose between the new Concentrated Liquidity pools or the Standard Liquidity pools already in existence. Concentrated Liquidity pools offer LPs some incredible benefits but they may not be right for everyone. Here are some things to consider when trying to figure out which type of pool you want to use. When to use Concentrated Liquidity pools: * If you have a specific price range in mind for providing liquidity. * If you want to optimize return on capital. * When you need more accurate and timely price information. When to use Standard Liquidity pools: * If you prefer simplicity and lower transaction fees. * If you are new to providing liquidity and prefer a straightforward model. * If you want to avoid the complexity and management involved with Concentrated Liquidity # Telos on VaporDex VaporDex is now integrated with the Telos network enabling LP providers to be able to earn fees in a whole new way. As with Avalanche LP providers receive 100% of the fees generated from swaps. The only difference is that LP providers will have to go through an additional step when adding liquidity to Concentrated Liquidity Pools (V2) with the native coin TLOS. When adding liquidity with TLOS users will be taken to a new page where they will first have to wrap the TLOS before it can be added to the pool. This is due to the way that the Telos EVM works and only has to be done for Concentrated Pools, not Stanard Pools (V1). Once wrapped it can be added with any other supported Telos tokens. For information on how to get TLOS click the link below: {% content-ref url="/pages/YJZggaKuE2D47Q5QqsnU" %} [Telos](/vapordex/supported-chains/telos) {% endcontent-ref %} # Bridge VaporDex provides a bridging service through our partners at LiFi. The bridge offers a many of the chains you know and love to choose from at a low fee. # How to Bridge? Below we have a video walking you through our bridge. {% embed url="" %} Note: The steps do vary on mobile. First: Make sure the networks you're bridging from and to are configured. Second: There are multiple transaction that takes place internally for each bridge transaction (if there is no direct path). Third: If by any chance any transaction doesn't pop-up then check for the status (that shows in bridge UI) if it says to switch chain, then switch manually. Otherwise the transaction won't go anywhere. If the transaction is stuck, click restart swap (this will restart for that particular step only) # Fiat On and Off Ramping VaporDEX provides fiat to cryptocurrency services through two providers. Onramper for the United States and Canada. Mt. Pelerin for the rest of the world. # Mt Pelerin ## Who is Mt Pelerin Mt. Pelerin is a Switzerland-based crypto-fiat gateway that allows users to buy and sell crypto in minutes, without KYC and at the best prices. With the upcoming launch of VaporDEX, Mt. Pelerin’s technology has been integrated to allow a simple way for fiat on-ramping and off-ramping. This feature allows a user to purchase crypto using 14 different fiat currencies and is available in 172 countries. One of the unique aspects of Mt. Pelerin is that KYC is not required up to the following thresholds (noted in Swiss Franc on their website): * CHF 1,000 per day * CHF 15,000 per month * CHF 100,000 per year Mt. Pelerin does not require any minimum buys or sells, and users wishing to purchase or sell above these thresholds can complete unlimited transfers with KYC. Users can purchase or sell crypto using bank transfers or by card. To learn more about pricing and how to buy or sell, read here for more details: # Onramper ## What is Onramper? Onramper is a ‘fiat onramp aggregator’ that aggregates multiple major fiat-to-crypto onramps in a single easy-to-implement fiat onramp. It means that businesses can integrate Onramper on their website and very easily allow their users to buy crypto using fiat. By aggregating multiple fiat onramps, Onramper ensures users will always get the best available price for any transaction. Aggregating the multiple onramps provides the best possible coverage of available fiat currencies, cryptocurrencies, supported geographies, and payment methods. The user chooses what crypto he/she wants to buy, what fiat currency is used and what payment method he/she wants to buy it. Onramper then provides the user with a choice between the best available offers from the major fiat onramps. After the user chooses an onramp, he/she can fill in the personal information required by the chosen fiat onramp. Onramper sends all data inputted by the user to the onramp to complete the transaction.\ \ For support with On-ramper team - # Vape Token VAPE is a decentralized cryptocurrency with a total supply of 21 million tokens. The token is designed to be used in various primary markets, with a unique mechanism for token distribution and earning opportunities. Token Supply * 40% of the full supply of 21 million tokens can only enter the supply by using VPND to unlock and earn it. * 90% of the full supply of 21 million tokens require the collective staking of nodes by the community to generate the power needed to mint new VAPE tokens. Primary Markets * 75% of VAPE's primary markets require VPND to participate in. * 100% of VAPE's primary markets allow node owners and VPND holders the opportunity to potentially earn VAPE below market cost. Allocation of Initial Supply The total supply of 21 million tokens will be allocated across each of the four primary markets in a very prescriptive manner. Each market will have its own independent supply and emissions schedule. These are the only allocations for the initial supply. There will be no tokens allocated to the team, project, or even partnerships. * 2.0% for the Genesis Pool, equaling 420,000 tokens * 8.0% for Liquid Staking, equaling 1,680,000 tokens * 30.0% for Enhanced Staking, equaling 6,300,000 tokens * 60.0% for Stratosphere Rewards, equaling 12,600,000 tokens In summary, VAPE token is a unique cryptocurrency with a supply mechanism that requires the collective staking of nodes and VPND participation in its primary markets, providing earning opportunities for node owners and VPND holders. The initial supply is distributed among four primary markets with no allocation for the team, project or partnerships. # Introduction to Vape Design Philosophy As we walk through the design of the VAPE token and its surrounding token economy, there are several important things to note in order to fully understand our token economy design strategy. We are building in a bear market, not for the next bull market — but for the next 10 bear markets as well. * Tokens used for paying the development team, securing partnerships, airdrops, or exchange listings are dilutive in nature and undermine the mechanics and value experiences built around the remaining allocations. When those value experiences are undermined, the token economy will stagnate and fail to grow long-term * Tokens used as incentives are dependent on their value stability. If the token’s value (real or perceived) declines — it’s power to function as a meaningful incentive is greatly reduced. Compensating for reduced value requires increased emissions, which in turn — exacerbates price declines. The result is a death spiral that eliminates opportunities for incentives, stripping away a critical growth lever for a platform * Assets easily gained are just as easily parted with. If tokens are handed out and received easily, at no cost, or don’t require any real commitment to acquire — there are low-to-no psychological or financial barriers to selling them for whatever value they can be exchanged for * One-dimensional economies have a single point of failure and lack diversity in value experiences. This lack of diversity gives way to everyone employing the same strategy — and ultimately oversaturating an experience, causing its ultimate demise. Multi-dimensional economies, while more elaborate and complex — offer adaptability and insulate value experiences from obsolescence by unleashing game theory in full force While other DEX’s have used their native token to pay their team, fund their journey, or secure partnerships — we have elected to remove this common practice from our design. Eliminating these dilutive and irresponsible practices is a critical step in ensuring that VAPE starts as, and always remains as… our community’s token. VAPE’s economy is not designed to incentivize — it’s designed to reward and recognize. VAPE is a reward for taking specific and purpose-driven actions that add value back to the VaporFi ecosystem and community. You won’t earn VAPE just for showing up, but when you use our products, help grow value for the community, and participate in our curated value experiences — VAPE will be there to say thank you. And finally, but most importantly — while other DEX tokens have distributed their token like candy on Halloween, VAPE will be very difficult to acquire. Getting it will not be easy. VAPE is not a participation trophy, it’s a medal for going above and beyond. When you earn VAPE, it means that you’ve created value for your fellow community and the community is increasing its investment back in you. Throughout our introduction to VAPE, you’ll see the above philosophies put on full display and brought to life. When building VaporDEX, simplicity and ease of use is paramount, as seen in our UI/UX. However, when it comes to the principles and mechanics of VAPE’s token economy, we have constructed an economy that has traditional mechanics, as well as more elaborate ways to acquire value. Simple designs will require less effort but will be less rewarding. Those who take the time to engage with our most challenging value experiences will always be rewarded disproportionately. # What is VAPE? VAPE is the governance and utility token for VaporDEX, our decentralized exchange on the Avalanche network. As VaporDEX grows and evolves, VAPE will be an increasingly integral part of our DEX and ecosystem. Holding VAPE gives you access to participate in governance measures related to VaporDEX and VAPE itself — as well as giving you access to incremental value experiences that require VAPE to participate or benefit from. As VaporDEX and our ecosystem grows, VAPE will play a critical role in enabling our community to benefit from the value experiences that are available through our products, solutions, and services. With the VAPE token, we’re designing a token economy that is ideally suited to continually adapt and evolve with our macro ecosystem. VAPE’s role grows in the direction that the ecosystem grows. When you earn VAPE through one of its primary markets, it’s evidence and a celebration of you contributing value to your peer community through one or more ways. VAPE is not an incentive, it’s a reward. VAPE is not for everyone, its for anyone who adds value through our carefully designed products and value experiences. # Why a new token? If you haven’t asked yourself this question, pause. Ask. We’ve become desensitized to everyone creating a token for everything. Why are we introducing a new token? Does it have a truly distinct purpose? And most importantly, why not just expand the role of VPND indefinitely to fill this new role? The VaporFi ecosystem already has a well-designed token with VPND, and with the recent transformation to its emission mechanics — it’s ready for the next chapter in its constantly evolving role and value proposition. So why did we elect to build a new token and its economy from the ground up instead of extending the role of VPND? Most projects launch a token, or additional tokens for one or more reasons. Some selfish, others more functional or practical in nature. Typically, when a token is launched, the project team conducts an initial sale of the token — using the funds to generate capital to build and operate. They will then also allocate a percent of the total supply to themselves to be used as payment or incentives for their team. We believe both are tremendously flawed and ultimately hurt the community. We’ll talk more about these fundamental flaws in our next section. So why not build a new layer of utility around VPND? Simply put, VPND is not designed in an optimal manner for what we want the economy around VaporDEX to look like and how we want it to function. It is designed and optimized for its role as a mining token, but not for what we need it to do with VaporDEX and our growing ecosystem. VPND has four specific elements to its design and history that make it impractical to use as our DEX governance token. * High maximum supply * Full supply already in circulation * Branding aligned specifically and explicitly to our original product, VaporNodes * Challenging marketability due to the prevailing sentiment around the original NaaS token economy model With this in mind, we determined that launching a new token for the community, but not in the standard fashion, would be best for VaporDEX and the community. Let’s explore how we’re breaking the mold on DEX tokens and how we hope to inspire the next generation of governance and harvest tokens for DeFi products. # The Expanded Role of VPND The **expanded role of VPND** With the deployment of VAPE, the exciting transformation of VPND from a node token to a mining token will officially be complete. As we continue to grow the services, solutions, and products offered in the VaporFi ecosystem, VPND plays a new and critical role. It functions as both a governance token for VaporNodes as well as now also functioning as a mining token. What is a mining token? VPND as a mining token means that it will be taking on a specialized role as a token that can be used to mint, mine, and earn other tokens from and native to the VaporFi ecosystem. VPND’s value over time will evolve and adapt relative to what tokens it can help you unlock, and what the transitive value experience is for you through the acquisition of those tokens you mine using VPND. Above and beyond this huge new role, VPND will continue to be emitted as rewards to VaporNodes — ensuring that node owners reap the benefits of our expanding ecosystem for years to come. Success for VAPE means success for VPND, creating a symbiotic relationship between their respective token economies (and the adjacent node economy). # Role of VAPE in our ecosystem VAPE’s token economy is being designed to grow, adapt, and evolve with our ecosystem — but the initial design and deployment will serve multiple initial functions for our community, specifically relative to VaporDEX. 1. Governance for VaporDEX and VAPE 2. VaporDEX Fee Harvesting It’s also important to note that this is just the initial integration of VAPE into VaporDEX and VaporFi. We expect to continue to integrate VAPE into other critical and memorable value experiences (e.g., Stratosphere). These additional integrations will come organically as our services expand. Let’s look at both initial integrations. # Governance for VaporDEX and VAPE With governance, holders of VAPE will be able to participate in community votes centered around VaporDEX and the VAPE token itself. Participation in these community events is both exciting and beneficial — as it allows our community the opportunity to design its destiny and chart its course forward. VAPE governance events include but are not limited to token economy & mechanic design policies. VAPE is the community’s token, and we want our governance scope and standards to go above and beyond what has come to be expected from similar or comparable tokens. Stay tuned for additional details on VaporDEX and VAPE governance mechanics. # VaporDEX Fee Harvesting Our community is always the fiercest advocate for our mission and our products — and VAPE allows the community the opportunity to reap the rewards of their advocacy. Holders of VAPE will be able to stake their VAPE on VaporDEX to earn their fair allocation of fees that we harvest from VaporDEX usage. This includes but is not limited to fees generated from our Aggregator and Bridge, along with future monetized features coming to VaporDEX. Stake VAPE, earn USDC. The more we grow, the more value that VAPE can directly access for you. # Primary Markets for Vape The initial supply of VAPE will be able to be acquired solely through four different primary markets. The establishment of four markets is a key enabler of game theory concepts that we believe setup this new token economy for long-term success, resilience, and longevity. We’re excited to introduce four exciting and diverse ways to earn VAPE: 1. Genesis Pool 2. Liquid Staking 3. Enhanced Staking 4. Stratosphere Rewards The establishment of four markets ensures a multi-dimensional economy can grow and thrive around the VAPE token. Four distinct value experiences, each with their own sets of rules, mechanics, and potential strategies. The more distinct strategies that can be devised, the more resilient an asset is to negative market forces. As one strategy turns unprofitable or over-crowded, another strategy offers a better experience — helping offset negative forces with demand driven by the remaining relevant strategies. To this end, we have designed the Genesis Pool and Liquid Staking markets to be our simplest and least mechanic-heavy markets. While they require less time, attention, and strategy to participate in — they will not be quite as rewarding as Stratosphere and Enhanced Staking, which offer a whole new way to experience and enjoy DeFi. We’ll walk through each of these primary markets in short order later in this article — as well as a detailed dedicated article for each market shortly before it’s brought online to the community. # Which market to earn VAPE is right for you? Maybe all four. Maybe just one or two. Maybe none. We’ve designed primary markets and mechanics around VAPE that allow us to offer both traditional and enhanced gamified DeFi experiences. The broader DeFi space thrived in the heyday of passive income, but it’s also what came to cripple most projects. While VaporNodes will still produce VPND passively, VAPE is not a passive asset and our market designs reflect this. Passive means little to no action. Little to no action means slowing, stagnant, or even negative growth. It’s imperative that our primary markets and emissions benefit our most active and engaged participants. All existing community members have an inherent advantage in each of these markets — you either have VPND already, or you have a node that produces VPND for you. Why is that so important and advantageous? * 40% of VAPE’s full supply of 21M tokens can only enter supply by using VPND to unlock & earn it * 75% of VAPE’s primary markets require VPND to participate in * 100% of VAPE’s primary markets allow node owners and VPND holders the opportunity to potentially earn VAPE below market cost * 90% of the full supply of 21M tokens require the collective staking of nodes by the community to generate the power needed to mint new VAPE tokens # Supply The maximum supply of VAPE that can ever exist is preset and limited to only **21,000,000** tokens. VAPE is designed to be extremely rare from the very beginning and become increasingly challenging to acquire as time passes. How did we end up with a final design that incorporated such a specific supply? Cryptocurrency enthusiasts will immediately see the significance of a finite supply of 21M tokens — a nod to Satoshi Nakamoto and the supply philosophy of Bitcoin. Regardless of personal beliefs, biases, or priorities — Bitcoin is the gold standard for cryptocurrencies in long-term value creation made possible by scarcity and increasingly complex and challenging hurdles required to acquire it. Bitcoin has become a phenomenon that successfully transcended national borders, time zones, religion, and continents. The global awareness of Bitcoin has exploded in recent years, and every day more and more global citizens come to understand Bitcoin beyond what the price-action focused headlines state. Each day, people are beginning to understand that the genius behind Bitcoin was how effectively it has weaponized human desire for value acquisition to create a system of checks and balances on its own circulating supply — and therefore, also its long-term value potential. We think that decentralized finance can and should be a foundational pillar in our global society and should also be able to transcend or improve upon all human-made constructs as needed, just as Bitcoin has been doing for years. For this to occur in a meaningful manner — DeFi needs to take the globe by storm just as Bitcoin has. So as we embark on our mission to bring decentralized finance to every corner of the planet — we want a token economy that embodies and perpetuates the same concepts and opportunities that have allowed Bitcoin to disrupt an antiquated industry and give way to innovative new ideas, concepts, and realities. Let’s look at how the initial supply will be allocated for distribution. # Allocation of initial supply The total supply of 21M tokens will be allocated across each of the four primary markets in a very prescriptive manner. Each market will have its own independent supply and emissions schedule. These are the only allocations for the initial supply. There will be no tokens allocated to the team, project, or even partnerships. * **2.0%** for the Genesis Pool, equaling **420,000** tokens * **8.0%** for Liquid Staking, equaling **1,680,000** tokens * **30.0%** for Enhanced Staking, equaling **6,300,000** tokens * **60.0%** for Stratosphere Rewards, equaling **12,600,000** tokens
Above and beyond having their own independent supply and emissions schedule, each of the above primary markets have their own distinct and unique mechanics. This diversity in mechanics allows different value corridors to open up and function as dynamic markets in and of themselves (and relative to each other), enabling the development of different strategies. Diversity in strategies is key in creating long-term value and an economy that is more resilient to temporary downturns. As one value corridor shrinks, another can expand or become more attractive. We expect and anticipate that as the market value for VAPE and VPND evolve — some primary markets will become more appealing, while others — less so until market conditions swing in favor of the other markets. # Emission Types VAPE will be emitted in one of two ways. Directly and indirectly. What’s the difference between a direct emission and an indirect emission? Let’s explore. Direct emissions account for 10% of VAPE supply and results when a community member participates in either our Genesis Pool or Liquid Staking. Their participation results in them earning a fully minted and transferable VAPE token. They can claim it, send it to a wallet, and then hold, sell, stake, etc. No additional actions required. Indirect emissions account for the remaining 90% of VAPE supply and results when a community member participates in Enhanced Staking or earns rewards through Stratosphere. Participants earn VAPE materials, which in-turn need to be processed and manufactured using our new node-powered manufacturing infrastructure. Once fully manufactured, participants can mint their materials into VAPE tokens, and then hold, sell, stake, and more.
In total, 90% of the supply of VAPE will need to be manufactured — while 10% will be directly emitted and available for immediate claim, transfer, and utilization. This design plays a very important role in the broader VAPE token economy. It ensures that there are markets for participants who want VAPE with less effort, without undermining our design philosophies, as well as offering a means to earn far more VAPE, but with additional effort and strategy required. Our indirect markets, which require more strategy or interaction will provide incremental value for those who participate, as well as provide additional value and demand for the direct markets — as passive participants opt to focus on markets that require less hands-on management making those markets increasingly competitive. Eventually, if direct markets are saturated with participants and demand for VAPE continues to grow — we will see passive participants begin adapting their strategy, which could result in additional demand and participation in our indirect markets. Indirect markets play a vital role in not only creating additional value for nodes, the VAPE-USDC reward pool, and Passport — but also, function as a natural supply manager. Remember, 90% of the VAPE supply only enters circulation if the community chooses to manufacture it. Indirect emissions will come in the form of one or more of the following types of VAPE materials, with each material requiring one or more manufacturing steps to allow the owner to convert it to a fully minted VAPE token. 1. Crude VAPE (cVAPE) 2. Refined VAPE (rVAPE) 3. Pure VAPE (pVAPE) We’ll dive a bit deeper into indirect market mechanics later, for now let’s look at a birds-eye view of our four primary markets and how they work. An article with additional details will be published for each primary market before they come online. Todays unveil is the beginning of a large amount of information for our community to begin developing an informed opinion on the future of the VAPE, VPND, and node economies. # Genesis Pool (Direct Emissions) The **Genesis Pool** controls 2% of total supply and functions as a unique one-time emission event that serves multiple purposes. First and foremost, since we are not conducting a token sale of any kind — we need a genesis emission, a way to get the first tokens into circulation in a fair manner with a community-determined valuation. The Genesis Pool is the single largest emission of VAPE that will ever occur, and is a solution of our own design that allows us to enable and solve for several critical mechanics: * Provide an initial emission of tokens that allow one or more liquidity pools to be established and paired with VAPE, which in turn allows for the establishment of a secondary market and functional ongoing price discovery * Function as a one-time larger scale replenishment event for the VaporNodes reward pool, removing a large supply of VPND from wallets and lock it up in the reward pool for gradual emission back to nodes * Establish a true foundational valuation for the VAPE token, based solely on the opportunity cost willingly accepted by the participants of our genesis emission * Incremental and exclusive value experiences for our Stratosphere reward program members * Function as a potential floor-escalation event, catalyzing the use for any VPND that can be acquired as an undervalued asset # Liquid Staking (Direct Emissions) **Liquid Staking** which controls 8% of the total supply and functions very similarly to your classic or traditional staking mechanics. When we polled our community, roughly 40% indicated that they wanted simple and traditional staking for VAPE. We think there’s an important role that traditional staking plays, but you know us… copy/paste isn’t our thing. Liquid Staking will feel familiar to any DeFi veteran but include some fun mechanical perks for Stratosphere members — as well as some under-utilized mechanics to maximize the consistent replenishment of VPND back into the reward pool for nodes. Liquid Staking carries several notable mechanics which we’ll expand on in future publications: * Available to all community members, Stratosphere membership is not required * Single-sided staking, deposit VPND to earn VAPE * A small portion of VPND is taken from each deposit as a deposit fee, set at 5.0% for day one * 1% of the deposit fee is burned permanently, 99% of the deposit fee is sent to the VaporNode reward pool * Depositors can withdraw their entire allocation of VPND, but only after the completion of a cooldown period * Stratosphere member’s deposit fees and cooldown periods are reduced * Full supply of 1.68M VAPE tokens will be emitted over 10+ years * Maximum VAPE emissions are preset, stakers earn their fair allocation of VAPE emissions * As VAPE is claimed, a 3.0% Liquidity Fee is charged from the claimable and allocated to VaporFi Labs for liquidity management Liquid Staking has something for everyone. A nod to the classic design and familiarity of DeFi staking mechanics, with our own unique design concepts to benefit our community, our sustainability, and our broader macro economy. **IMPORTANT:** While Liquid Staking controls 4x the supply that the Genesis Pool controls, it’s emitted slowly over a 10-year period, compared to the Genesis Pool emitted one-time. The average daily emission from the Liquid Staking pool will be 460 VAPE tokens. Compared to the 420,000 VAPE tokens that will be emitted at the end of the genesis event. We will be publishing a dedicated Liquid Staking medium article prior to it launching in order to provide final details and a walkthrough on how to participate in this event. # Enhanced Staking (Indirect Emissions) The second largest allocation of initial supply goes to **Enhanced Staking** which receives 30% of the total supply. With Enhanced Staking, we’re going to set a new standard for staking looks like in DeFi. Enhanced Staking will have its own unique economy and value experiences built around it — powered by NFTs that can only be minted using VPND. 60% of our community polled said that they wanted to see gamified and engaging staking mechanics for VAPE that go above and beyond the traditional set-it-and-forget-it staking practices of yesteryear. Enhanced Staking is not your average staking experience. You’ll need to develop and employ your own curated strategies to maximize your yield and out-position, out-maneuver, and out-pace your competition’s staking power. While Enhanced Staking will require more of each participant, it will also be exceptionally more rewarding than the more traditional Liquid Staking concept. Emitting roughly 3x more VAPE per day on average to Enhanced stakers than the Liquid Staking pool will emit to Liquid stakers. Enhanced Staking has its own set of unique mechanics that we’ll partially explore now, and then expand on in exceptionally great detail in a subsequent article deep-diving how Enhanced Staking works. For now, here’s an overview of this never-before-seen concept. Here’s how it’s designed to work: * Anyone can participate, it’s available to members and non-members * Members will receive some perks and boosts not available to non-members * Participants can purchase Mining Equipment NFTs using VPND, and then deploy that equipment into the enhanced mining pool * Each piece of mining equipment functions as a stake in the pool, with its attributes determining what % of the pool’s rewards its eligible for * As Mining Equipment is purchased using VPND, 5.0% of the purchase price will be burned permanently, and the remaining 95.0% will be escrowed for replenishment back into the VaporNodes reward pool * Mining Equipment will be able to be re-sold on the upcoming Unchained NFT Marketplace * Participants in Enhanced Staking will earn VAPE materials instead of fully minted VAPE tokens * VAPE materials earned from enhanced staking will then need to be manufactured in order to be minted into fully transferable VAPE tokens Creating enhanced staking pools and bringing NFT staking to life affords us the opportunity to not only accomplish our objectives for VPND, but also replenish the node reward pool, establish an additional source of revenue for VaporDEX and Passport — and also function as a substantial point of differentiation for GameFi enthusiasts. Enhanced staking comes with a much more mechanic-heavy design, and we’ll be publishing additional details in a dedicated deep-dive as we get closer to its release. Please note that Enhanced Staking is currently slated to be the last primary market that goes online. # Stratosphere Rewards Last, but certainly not least, the largest allocation of the initial supply of VAPE goes to **Stratosphere** which receives 60% of the total supply. Stratosphere is in and of itself a major point of differentiation for us, and now its utility and value proposition will massively expand with the addition of Reward Seasons and Personalized Rewards. Stratosphere will reward its members (based on their actions across our ecosystem) with raw materials that can be used to mint up to but no more than 12.6M VAPE tokens. The more value Stratosphere members add to our ecosystem, the greater their ability to earn and manufacture VAPE. As part of our Stratosphere Beta design, members will become eligible to earn VAPE materials in a variety of ways. As we begin to move out of the Pre-Enrollment phase and into a multi-phase Beta, we’ll share a robust roadmap and timing for key Stratosphere features that open the door to allowing members to earn VAPE. Stratosphere Rewards have their own set of unique mechanics, we’ll explore some now and unveil the rest in greater detail in subsequent publications and community releases. * Rewards will only be available to Stratosphere members * Stratosphere will emit rewards as one or more type of manufacturable raw VAPE element, but will not emit VAPE directly from the initial supply — it will always need to undergo some part of the manufacturing process * Rewards can be awarded in a targeted or personalized manner, or as part of our Reward Seasons deploying during the Beta phase of Stratosphere * Emission of manufacturable VAPE materials versus VAPE itself ensures that members still have a marginal cost baked into the minting process which will help manage new supply creation, and establish a price floor derived from the cost to manufacture the VAPE Stratosphere Rewards is planned to be included in the Stratosphere Beta release as the next evolution beyond our current pre-enrollment stage. We believe that VAPE is best intended for members of the community that contribute the most value to our ecosystem — and Stratosphere allows us an exceptional way to make sure VAPE always finds its way to the individuals who have a vested interest in its long-term success. Stay tuned for a lot more information on Stratosphere Beta and how Stratosphere Rewards will work. Now that we’ve reviewed each of the four primary markets and their unique mechanics individually, let’s turn our attention to VAPE manufacturing — a critical construct that serves a variety of purposes for VAPE and the VaporFi community. # VAPE manufacturing & node-powered infrastructure We’ve long said that nodes will always remain a critical component in our ecosystem, and with node-powered manufacturing we’ll be excitedly expanding the role, utility, and value proposition of nodes beyond what we shared in our node evolution roadmap. Manufacturing is all new and never shared… welcome to the exciting future of nodes and transformative DeFi mechanics at VaporFi. While 10% of the initial supply of VAPE will be emitted and awarded directly through the Genesis Pool (2%) and Liquid Staking (8%) as VAPE tokens, the remaining 90% will be earned and then need to be minted using a process that we’re calling “Node-powered Manufacturing”. Let’s look at some of the high-level mechanics of this process and how it impacts nodes, VAPE, and more! How does manufacturing work? * A new experience is created on VaporDEX, for VAPE manufacturing * VaporFi Labs creates public infrastructure for manufacturing. A refinery, a processing plant, and a tokenizer * The refinery converts Crude VAPE into Refined VAPE * The processing plant converts Refined VAPE into Pure VAPE * The tokenizer allows you to take Pure VAPE and use it to mint a fully transferable VAPE token * Node owners can choose to stake their node(s) on any public infrastructure to provide power to the building * Nodes will receive expanded attributes beyond their TVL, which will determine how effective they are at powering each of the three types of buildings. Some may be great at powering the refinery, but terrible at powering the tokenizer. Others may be more evenly balanced * As the community earns VAPE materials, they will deposit them into the appropriate building for manufacturing * With each deposit of materials, the depositor will be charged a small USDC fee to use the building * The efficiency of nodes staked on each building providing it power, will determine how long it takes for the materials to be manufactured, and what percent of the materials fail to manufacture and need to be re-deposited **IMPORTANT:** These small USDC fees as well as the impact of staked nodes on a building function as a natural supply manager. If VAPE is not profitable to manufacture, new supply will slow or halt altogether. And if nodes are not staked strategically across all buildings, there could be inefficiencies in the manufacturing chain that cause new supply to slow. In addition to manufacturing functioning as a natural supply manager — it will also function as a source of revenue How does manufacturing generate revenue? * Every time materials are deposited into a building, a USDC service fee is charged to use the building * 20% of the fee is sent to the VAPE-USDC staking reward pool (helping increase the demand/value of VAPE) * 20% of the fee is also sent to the Passport Reward Pool (adding value to nodes) * 20% of the fee is sent to the VaporFi Labs treasury to support daily operations and growth * 40% of the fee is distributed to the nodes staked on the building (adding more value to nodes) Here’s how the manufacturing process looks, from start to finish: 1. John earns 10 Crude VAPE from Stratosphere 2. He deposits 10 Crude VAPE into the Refinery, and is charged a USDC fee 3. 8 of his Crude VAPE is successfully refined into Refined VAPE, 2 fail to refine due to poorly staked nodes 4. John can re-deposit the 2 Crude VAPE that failed to refine, or he can wait until it becomes more efficient 5. John now deposits his 8 Refined VAPE into the Processing Plant, and is charged a USDC fee 6. 7 of his 8 Refined VAPE are successfully processed into Pure VAPE, 1 fails to process and remains Refined VAPE 7. John can re-deposit the 1 Refined VAPE to try to process it again, or he can wait 8. John takes his 7 Pure VAPE and deposits them into the Tokenizer, and is charged a USDC fee 9. 5 of his 7 Pure VAPE successfully convert and mint a VAPE token. He now has 5 fully transferable VAPE tokens 10. John can re-deposit the 2 Pure VAPE that failed to convert now, or wait until later 11. John sells, stakes, or holds his 5 VAPE tokens — and continues to manufacture more Node-powered manufacturing is a concept that has never been seen before but plays a very important role in the economy of VAPE, VPND, Nodes, Unchained, and more. We’ll walk through this in greater detail in an upcoming article diving head-first into the mechanics and details of manufacturing. We anticipate that there will be some unique strategies employed by the community — individually and collaboratively when it comes to manufacturing. So, to help get the conversation started, let’s look at some questions that we expect will be frequently asked. # FAQ's # Will I need a node in order to manufacture VAPE? No. You can manufacture VAPE without a node. Nodes are only required if you want to earn USDC fees from the manufacturing process, or if you want to help improve/reduce the efficiency of manufacturing to influence the velocity of new supply entering the market. # Why do we need manufacturing, it seems unnecessary? There are many reasons for why manufacturing is a foundational requirement in our economy design. 1. Functions as a natural supply manager. People are less likely to pay manufacturing fees if the manufacturing process is inefficient (due to poor node staking) or unprofitable. This ensures that if value of VAPE declines, new supply will eventually slow or halt 2. Provides an added utility for nodes and an additional way for nodes to earn passive value. The three different buildings and steps allow for three different new node attributes, which in turn will allow some nodes to become disproportionately valuable on the secondary market (e.g., a node with a TVL of 10K may not receive much VPND from the node reward pool, but it’s the highest rated power source for the refinery — and in turn earns a larger stake in USDC fees from the Refinery) 3. Drives additional recurring traffic to VaporDEX. Manufacturing doesn’t require constant action, but it does require you to deposit and return later to withdraw and continue. The more times a user visits VaporDEX, the more likely they are to be retained — and the more likely they are to generate fees for the community 4. It ensures that while VAPE materials can be earned through a variety of actions — it’s still appropriately challenging to acquire a fully minted VAPE token. Minting a token should be a big moment, and manufacturing is a value experience that reinforces multiple design philosophies of ours 5. It ensures that if demand for VAPE is sustained or increases, both VaporFi as well as three different reward pools receive valuable liquidity for growth 6. A challenging manufacturing process means that while at most 21M tokens can ever exist, many will be lost and never minted if recipients choose not to invest additional time into manufacturing and minting them # What if I don’t want to participate in manufacturing, can I sell my materials or transfer them to so We are not currently planning to make materials transferable, however we will be continuously pressure testing. A secondary market for materials could have unintended consequences that undermines Stratosphere and Enhanced Staking. We would need to make sure that a secondary market is additive before confirming it. # Why should I bother manufacturing VAPE? That’s entirely subjective and up to you — but we have designed VAPE to be an asset that is in-demand by the members of our community that wish to maximize their long-term value experience with VaporFi. If you’re a passive participant in DeFi, maybe its not ideal for you. Liquid Staking might be more in line with your aspirations. However, if you decide that you want to earn VAPE — 9 out of 10 tokens will need to be manufactured to enter circulation… so manufacturing is the fastest way to mint your own tokens. # How many nodes can I stake on buildings? No maximum amount has been established yet. We will announce logistical details as we finalize the manufacturing design and conduct final technical feasibility studies. We do however anticipate that a node can only be staked on a single building at a time. # Will staking my node on a building burn my TVL? Small, gradual, and practical TVL burns are part of our plans, however we have not yet confirmed that any TVL will be burned when staking. Our preference is that burns will occur only when the owner of a node chooses to take an action above and beyond the typical performance or limits of their node. Final decision on this will come as we get closer to the launch of node-powered manufacturing. # If I stake my node on a building, will it still earn VPND from the VaporNodes reward pool? Most likely a node staked on a building will not be able to earn VPND from the VaporNodes reward pool — but we have not finalized this decision. An opportunity cost would be a healthier economy balancer, and if staked nodes don’t earn VPND while staked — it would function as a natural impermanent reverse dilution of the VPND reward pool. We will consider all pros and cons of this design prior to making a final decision. # Will a 10K Node be more powerful than a 10M node in the manufacturing process? It absolutely could be. While large nodes may dominate the VPND reward pool, the playing field will get levelled with manufacturing. With new attributes for manufacturing being added to all nodes, it’s possible that there will be nodes that are in higher demand on the secondary market because of their manufacturing attributes, even if their TVL is lower than other nodes. Nodes are more than just the sum of their TVL. A nodes TVL will play a huge role in certain value experiences, whereas in others — TVL may play a less critical role. As the role of nodes expands in our ecosystem, the addition of new node attributes beyond TVL will begin. As a guiding principle, we seek to use on-chain data to inform how attribute values are assigned — not randomized assignment. # Do I lose VAPE materials that I deposit into a building, but fail to be refined, processed, or token No, materials that fail certain manufacturing steps will not be lost. They will need to be re-deposited to successfully manufacture them. Maybe it would be cool to even have a biproduct material earned when your materials fail in a building. Something you could use somewhere else in the ecosystem, perhaps. # Genesis Genesis is your first opportunity of acquiring VAPE through surrendering VPND. But, what is Genesis and how does it work? Look ahead in our documentation to understand more. {% embed url="" %} # What is the Genesis Pool? The **Genesis Pool** controls 2% of total supply and functions as a unique one-time emission event that serves multiple purposes. First and foremost, since we are not conducting a token sale of any kind — we need a Genesis emission, a way to get the first tokens into circulation in a fair manner with a community-determined valuation. Second, it enables the community to be the sole determinant in the initial valuation of VAPE. No artificial or falsely inflated valuations set by the team. Finally, the Genesis Pool is only available to [Stratosphere members](https://app.vapordex.io/stratosphere/pre-enroll), and requires VPND to participate — giving both an exclusive initial experience. The Genesis Pool is the single largest emission of VAPE that will ever occur, and is a unique and transformative solution of our own design that allows us to enable and solve for several critical mechanics: * Provide an initial emission of tokens that allow one or more liquidity pools to be established and paired with VAPE, which in turn allows for the establishment of a secondary market and functional ongoing price discovery * Function as a one-time larger scale replenishment event for the VaporNodes reward pool, removing a large supply of VPND from wallets and lock it up in the reward pool for gradual emission back to nodes * Establish a true foundational valuation for the VAPE token, based solely on the opportunity cost willingly accepted by the participants of our Genesis emission * Incremental and exclusive value experiences for our Stratosphere reward program members * Function as a potential floor-escalation event, catalyzing the use for any VPND that can be acquired as an undervalued asset # How does the Genesis Pool work? The Genesis pool is a critical market, and the first opportunity for the community to acquire their own VAPE tokens. This mechanic has not been used before, so please be extremely mindful of the nuances and design. Participants in the Genesis Pool event are **permanently surrendering VPND** for an amount of VAPE tokens that will only be determined at the end of the event, based on the total amount of VPND surrendered by the full community. IMPORTANT: The Genesis Pool is an exclusive one-time event for Stratosphere members. Stratosphere is our free rewards program, and new community members will be able to join by [pre-enrolling on Stratosphere](https://app.vapordex.io/stratosphere/pre-enroll) and minting their free soul bound NFT. * VaporFi Labs pre-mines 420,000 VAPE tokens and locks them in the Genesis Pool (with Lossless protection) * On January 13, 2023 — the Genesis Pool opens, it remains open through February 12, 2023 * VAPE token rewards from the Genesis Pool are available to be claimed, starting on February 13, 2023 * Community can participate by going to the new Genesis Pool UI on VaporDEX * Participants can voluntarily **permanently** surrender any amount of VPND into the Genesis Pool, this VPND is immediately removed from the participants wallet and is non-refundable. VPND must be in a wallet and cannot be taken from a node. This can be repeated as many times as desired for the duration of the event * Your share of VPND surrendered at the end of the event is your share of the 420,000 VAPE tokens * Over the course of the Genesis event, as other participants deposit VPND — your share may decrease. To defend your stake (if you choose to do so) and earn a larger allocation of VAPE, you will need to add more VPND * As VPND is surrendered into the vault, the initial valuation of VAPE increases — every VPND token surrendered represents value that was willingly surrendered in exchange for VAPE * At the end of the Genesis event, the Genesis Pool emits 420,000 VAPE tokens, claimable by the participants of the Genesis pool. Each participant will be able to claim x% of the 420,000 VAPE tokens, with x% being equal to their share of total VPND surrendered * Participants can claim their VAPE immediately after the event and create a liquidity pool on VaporDEX and establish a secondary market * VAPE claimed from the Genesis Pool is fully transferable and does not require any additional steps to enter circulation * 1.0% of VPND surrendered into the Genesis Pool is permanently burned, resuming the deflationary mechanics of VPND that were paused during our GDM deployment * The remaining 99% of VPND surrendered into the Genesis pool is escrowed to replenish the VaporNode reward pool and extend its runway of VPND emissions IMPORTANT: Depositing VPND into the Genesis pool is a **permanent surrender** of your deposited tokens. Once deposited, you will not be able to withdraw or reclaim your tokens. Your stake in the pool will change over time as other people deposit their own VPND and your stake may become diluted unless you add more tokens. # How does the Genesis Pool work? # How do you determine how much VAPE you will be able to claim from the Genesis Pool? Let’s use a hypothetical scenario where 100M VPND is surrendered into the genesis pool, and you personally account for 1M of that VPND surrendered. VPND at the end of the event is worth $0.002. Here’s how it would all net out. * 100M VPND is surrendered into the Genesis Pool, worth a total of 200K USDC (this is the VPND TVL) * 420,000 VAPE is emitted to the participants, with the full emission being valued at 200K USDC, or 0.476 USDC per VAPE (\[Value in USDC of VPND Surrendered] divided by \[420,000 VAPE]) * Your 1M VPND represents 1.0% of total VPND surrendered, allowing you to claim 1.0% of the 420,000 VAPE * You’re able to claim 4,200 VAPE at an initial valuation of 2,000 USDC * A 3.0% claim fee (deducted from the 4,200 VAPE) is charged upon claim — and the 126 VAPE is sent to the VaporFi Labs treasury for liquidity management * Your 1M VPND ends up netting you 4,074 VAPE, fully transferable to other wallets after claiming # How does the Genesis Pool allow the community to determine the true value of VAPE? Let’s use a hypothetical scenario where 100M VPND is surrendered into the genesis pool, and you personally account for 1M of that VPND surrendered. VPND at the end of the event is worth $0.002. Here’s how it would all net out. * 100M VPND is surrendered into the Genesis Pool, worth a total of 200K USDC (this is the VPND TVL) * 420,000 VAPE is emitted to the participants, with the full emission being valued at 200K USDC, or 0.476 USDC per VAPE (\[Value in USDC of VPND Surrendered] divided by \[420,000 VAPE]) * Your 1M VPND represents 1.0% of total VPND surrendered, allowing you to claim 1.0% of the 420,000 VAPE * You’re able to claim 4,200 VAPE at an initial valuation of 2,000 USDC * A 3.0% claim fee (deducted from the 4,200 VAPE) is charged upon claim — and the 126 VAPE is sent to the VaporFi Labs treasury for liquidity management * Your 1M VPND ends up netting you 4,074 VAPE, fully transferable to other wallets after claiming **How does the Genesis Pool allow the community to determine the true value of VAPE?** When we explore valuations, there are three different values that we need to examine. The first is determined by the Genesis event, the second can be determined afterwards by the community, and the third is established at the time that the community creates the first liquidity pool * Cost to Acquire * Initial Valuation * Market Valuation
Because the Genesis event requires the permanent surrender of VPND in exchange for a share of a fixed amount of VAPE tokens, it’s possible to use VPND TVL at the end of the event to determine a true marginal cost, or cost to acquire the initial supply of 420K VAPE tokens. **Cost to Acquire** The **cost to acquire** VAPE can be determined at the end of the event by dividing VPND TVL by 420,000 (number of VAPE tokens). This is the objective and absolute amount of value that the community collectively surrender in VPND in order to acquire their collective stake of 420K VAPE tokens. Having and establishing an objective and public cost to acquire is a huge part of a healthy community driven valuation — because it informs what the logical floor value for VAPE should be. If the community collectively surrendered 50K USDC worth of VPND for 420K VAPE tokens — it tells us that in total, the community gave up $0.119 worth of VPND for every 1 VAPE token they received. The community’s cost to acquire the initial supply of VAPE sets a natural minimal valuation that everyone can agree on. At the end of the Genesis event, once **cost to acquire** has been fully established, the community now has the ability to develop their own personal and collective **initial valuation**.
The graphic above shows several hypothetical scenarios and how the price of VPND, combined with the amount of VPND surrendered during the event — can be used to calculate the cost to acquire the initial 420K supply of VAPE tokens. # Initial Evaluation The **initial valuation**, as determined by the community is simply the cost to acquire their tokens plus whatever margin they feel is an appropriate or aspirational upside to the token’s inherent value. This value can be subjective and may vary person-to-person but represents an opportunity for the community to once again determine what it deems to be an appropriate valuation for the VAPE token. The initial valuation from the community could be determined through a very simple formula: \[Cost to Acquire] + (\[Cost to Acquire] x \[Markup %]). If we carry the illustrative $0.119 cost to acquire example forward and say that a genesis event participant decides that they’d only part with their VAPE if they received 30% or more of their initial cost to acquire — that would put that individual’s personal initial valuation at $0.1547.
The above graphic shows a variety of hypothetical scenarios, illustrating how the valuation would materialize and be calculated based on the variables in the initial valuation formula. # Market Valuation Finally, the **market valuation** is determined by the community when it sets the initial price of $VAPE. This occurs when the first liquidity pool is created by the community. The market valuation is determined by pairing x-amount of VAPE tokens with y-amount of a 2nd token. The resulting calculation is \[Total Value of 2nd Token] / \[Quantity of VAPE Tokens paired]. As an example, if the individual who creates the first liquidity pool determines that VAPE should be worth $0.1547 and they want to create the pool with 100 VAPE tokens, they would need to add 15.47 USDC worth of value for the 2nd token in the pair. The creation of the liquidity pool is a mechanic that ensures that there isn’t a runaway or unrealistic valuation.
The above graphic shows a variety of hypothetical scenarios, showing what the market price, market cap, and fully diluted value of VAPE would be — based on how much value is paired with VAPE when the first liquidity pool is initially created. # Role of Various Community-Driven Valuations Our community-driven valuation design is a source of immense pride for us and a token launch model that we believe others will use or take inspiration from in the future. By designing our initial emission event in this way, we’ve put the future of VAPE fully in the hands of our capable community. Here’s a quick rundown on why each of these community-driven values is important. * Cost to Acquire creates and quantifies an organic profitability floor * Initial Valuation uses Cost to Acquire plus a subjective/aspirational markup value to establish a new valuation * Market Valuation requires individuals to pair their VAPE with the real value of VAPE, ensuring that someone isn’t likely to create the secondary market at a 1000x the token’s cost to acquire * Cost to Acquire also ensures that the Market Valuation isn’t less than the initial genesis valuation, unless the community is willing to lose value on the secondary market # What to expect from VaporFi Labs during the Genesis event? 100% of the VAPE total supply is allocated for distribution and emission directly to the community, neither VaporFi Labs, nor any members of the VaporFi team will receive any tokens without participating in the primary markets. VaporFi Labs will be committing a total of 2,000,000 VPND from our Operations treasury to surrender into the Genesis Pool when it launches. This will function as an initial influx of tokens to get the event started, and 1.98M of those tokens will in-turn be escrowed to replenish the VaporNode reward pool at the end of the event. The remaining 20K tokens will be part of the total amount burned from the Genesis event. **How can you participate in the Genesis event?** The Genesis Pool is only available to Stratosphere members. If you haven’t enrolled in Stratosphere yet — it’s free and you can do so quickly and easily on VaporDEX. 1. Connect your wallet to VaporDEX 2. Access the Genesis Pool by clicking on Genesis in the main navigation 3. Scroll down to “Surrender Your VPND Here” 4. Input the amount of VPND that you want to permanently surrender 5. WARNING: Your surrender cannot be undone, and you cannot withdraw VPND. It will be permanently removed from your wallet 6. Click “Surrender VPND” Participants can make as many surrenders as they want. So if you have a surrender budget of 100K VPND, there’s nothing wrong with surrendering 10K ten different times if you want to monitor your share and watch for dilution. # Liquid Mining Feature Overview Liquid Mining is a direct single-sided mining function, where a user temporarily deposits their tokens for a dynamic share of the rewards pool. There are two types of liquid mining; VPND Liquid Mining and VAPE Liquid Mining (xVape). Users participating in VPND Liquid Mining deposit their VPND in exchange for a % of scheduled VAPE reward emissions. Users participating in VAPE Liquid Mining (xVape) deposit VAPE for a share of USDC rewards. Liquid Mining gets its name from the fact that a user’s TVL is still liquid in nature – being locked, but able to be accessed and withdrawn in short order. In the following sections we will cover how each type of Liquid Mining works. # VPND Liquid Mining Earn VAPE VPND Liquid Mining is the first direct single-sided mining function, where a user temporarily deposits their VPND in exchange for a dynamic % of scheduled VAPE reward emissions. Liquid Mining gets its name from the fact that a user’s TVL is still liquid in nature – being locked, but able to be accessed and withdrawn in short order. VPND Liquid Mining is a recurring event that occurs in “mining seasons”, with a pool being created at the beginning of each season and depleted in-full at the end of the season. VPND Liquid Mining emits fully minted VAPE tokens on a predefined emission schedule. The reward pool for each season is determined by the emission schedule for VPND Liquid Mining, with VaporFi Labs being able to reduce the pool size and escrow VAPE for future reward seasons as it sees fit. VPND Liquid mining will run for at least 12.5 years, depending on management of reward allocations over time. # Participation & Eligibility Overview The only prerequisite to participate in VPND Liquid Mining is that you must hold VPND in your wallet, connect said wallet to VaporDEX and authorize its use, and be willing to temporarily deposit it into the liquid mining pool. You do not need to own a node, and you do not need to be a member of Stratosphere. For anything over 5,000 a mining pass is required to be purchased to add more to the pool. Liquid mining occurs on VaporDEX, with its own unique UI/UX. *** # Seasons Concept Overview VPND Liquid Mining is a recurring event. A new season starts at the beginning of every month, and it ends on the last day of the calendar month. Rewards are automatically deposited into the mining user's wallet at the end of each season and cannot be claimed before the end of the season. The start and stop of the season will be manually adjusted and monitored during the initial seasons. VaporFi wants to ensure the initial season go smoothly. The only way to do that is through manual intervention. The seasons concept is in place to ensure that participants have new and interesting ways to participate in earning Vape and using VaporDex. There will be a minimum of 150 liquid mining seasons. VAPE will not be minted until the very end of the season, based on the amount of VAPE allocated for the season. 15,000 VAPE will be emitted at the end of the first season and emissions will decrease by .41217% each season thereafter. # Overview of Components Staking Actions There are 5 features that a user will be able to take with their VAPE/VPND within Liquid Mining · Deposit VPND · Purchase Mining Pass · Unlock VPND · Boost # Deposit VPND A user chooses to move x-amount of VPND from their wallet and lock it in the liquid mining pool (LSP). When a user deposits VPND (whether it’s their first deposit of the season, or if they’re adding to an existing deposit), they will need to perform a deposit action within the liquid mining dashboard. # Purchase a Mining Pass A mining pass allows users to join and participate in larger boosts to earn more points. There are 10 tiers of mining passes which range from free to 100 USDC at the beginning of the season.
**Decay model:** After the first week(7 days) the price of all tiers drops by 25%. After the second week (14 days) the passes are discounted at another 25% (50% in total). \ \ This price decay was requested by the community ([https://vapordex.featurebase.app/](< https://vapordex.featurebase.app/>)) and is meant to encourage users to deposit VPND mid-season since points are determined by the number of days left in the season. This is subject to change as we see how the community feels about the current ranges of mining pass. This change would be voted on via a governance vote from the community. # How Do we Split Mining Pass Fees? Fees from the mining pass are used to be split across various buckets in the VaporFi ecosystem. This is to not only continue our commitment to the community. But, to also ensure future releases like VAPE-USDC mining and passport can be funded longer term.
# Withdraw VPND A user chooses to withdraw VPND that has been unlocked from the liquidity mining pool. Unlocked VPND can exist because a user has elected to perform an early unlock, or because the mining season is over and their VPND has been automatically unlocked for them. The withdraw action allows a user to return their VPND from the liquid mining pool (minus any fees incurred already during the season) back to their wallet for future use. There is no fee associated with a withdrawal event. # Early Unlock VPND Cooldowns The standard early unlock timer for non-members is 72.0 hours. As a member of Stratosphere. You receive reductions on this time based upon your current membership tier. | TIER | TIER NAME | MEMBER DISCOUNT | | ---- | --------- | ------------------- | | 1 | Basic | 5.00% =68.40 hours | | 2 | Silver | 5.50% =68.24 hours | | 3 | Gold | 6.50% =67.60 hours | | 4 | Platinum | 8.00% =66.66 hours | | 5 | Diamond | 10.00% =65.45 hours | | 6 | Obsidian | 15.00% =62.60 hours | *** # Claim VAPE At the end of the season, a user will be automatically distributed VAPE tokens that they’ve earned as mining rewards. The season will come to an end and the user will automatically be given their rewards. # Boost Score Every 24 hours, users in the liquid mining season can boost their score. Boosting is only possible if the user has VPND in a locked state. When a user boosts their score – the boost is applied to the cumulative score increasing it by a specific percent, as determined by the type of boost used. The Boost impact is defined as (\[Current Total Score]+(\[Current Total Score] x \[Boost %])) There is a base boost that is free to use for both members and non-members, as well as Enhanced Boosts that are only available to mining pass holders. Whenever a paid/enhanced boost is executed, this is how the revenue should be distributed: · 60% to VaporFi Labs treasury · 30% to VAPE-USDC mining reward pool · 10% to Passport reward pool \*\*Note Within 24 hours of the seasons end. The boost will be disabled. # Mining Mechanics # Mining Seasons A minimum of 150 seasons will exist, with the first planned to start on July 7th, 2023. Additional seasons can be established, if VaporFi Labs chooses to escrow a portion of rewards from seasons to create additional seasons. Also the DAO can vote and change the rewards to affect the emissions. A mining season begins on the first day of every calendar month and ends on the last calendar day of the same month. # Seasonal Scoring Liquid Mining rewards are driven by your Mining Score, not your VPND TVL, a spin on classic mining that will allow us to get creative with some gamified mechanics. Every 24 hours, participants in the liquid mining season earn 1 point for every 1 VPND locked in the pool. If you have 50,000 VPND in the pool, you earn 50K points for your TVL. Unlocked VPND does not earn any new points. Additionally, every 24 hours each user that is participating in the current season will be eligible for a one-time boost to their current cumulative Mining Score. This boost is applied to the current total score, allowing them to effectively compound their score daily – giving way to craft different boosting strategies. There are four types of boosts that can be used. Only one of these can be used every 24 hours. · Base – free to use, available to everyone including non-members · Level 1 – only available to Stratosphere members, costs 2.0 USDC to use · Level 2 – only available to Stratosphere members, costs 3.0 USDC to use · Level 3 – only available to Stratosphere members, costs 4.0 USDC to use
Revenue generated from these boosts will be allocated and distributed as follows: · 60% to VaporFi Labs treasury · 30% to VAPE-USDC staking reward pool · 10% to Passport reward pool
With 40% of the revenue from these boosts going right back to the VAPE-USDC staking reward pool, every time someone boosts, the transitive or indirect value of VAPE itself should increase as well. Each participant can use up to (1) boost every 24 hours. They can choose to not use any boost if they want. # Boost Impact The default daily boost that a non-member is eligible for is 0.10% Stratosphere members are eligible for a scaling Base boost. As well as access to exclusive enhanced Boosts.
\*\*Note: The tier system will be made available to Stratosphere members once the program is fully developed. # Token Allocation & Reward Distribution In total, 8.0% of the total supply of VAPE is allocated to Liquid Mining – equaling a total of 1.68M tokens. At the end of each season. An automatic distribution of VAPE based upon the factors below will happen. The rewards will then be automatically distributed back to the stakeholders wallet. A new season will automatically start after distribution. · VaporFi Labs determines what % of the preset Reward Pool allocation it will allocate to the season (0-100%) · This process could evolve in the future so that VaporFi generates 3 options, and then community votes on which option they want via the new governance mechanic (to be designed) · VAPE tokens are minted at the beginning of the season based on the % determined by VaporFi Labs · Tokens minted for rewards are escrowed into reward pool, and are held in escrow for the duration of the season · At the end of the season, participants are allocated tokens based on their share of total points earned · Once rewards are allocated, participants can are given their their VAPE rewards automatically via distribution. *** # VAPE Liquid Mining Earn USDC While both types of Liquid Mining provide a common mechanism for earning rewards there are fundamental differences between the two. With VAPE Liquid Mining there are no season as there are with VPND Liquid Mining. USDC rewards are distributed daily so users can choose when and how they receive their earnings. Another difference that sets VAPE Liquid Mining apart is that there are absolutely NO mining passes or fees of any kind. This not only encourages users to participate but also provides another layer of complexity and another option for community members that allows them to finetune their involvement and experience within the VaporFi ecosystem. Lastly VAPE Liquid Mining differs from its counterpart by providing users with more flexibility with deposits and claims. With VPND Liquid Mining users automatically receive their deposits and rewards at the end of each season, however with VAPE Liquid Mining there are no season so participants can leave their deposits locked for as long as they want. They also have the option of claiming their accrued rewards without the need to unlock their deposits. # Reward Distribution Model The USDC rewards earned through VAPE Liquid Mining will ultimately come from fees obtained through the use of Vapordex but while the team is working to develop cross-chain capabilities and other features that will help to drive DEX volume they wanted to ensure that VAPE Liquid Mining was attractive from the very start. With this in mind the team decided to infuse the USDC rewards pool with $50,000 from the sale of treasury assets. The VaporFi team also wanted to provide the community with the opportunity to choose what kind of distribution model would be used to emit the USDC rewards. Their were three distribution models that were proposed and voted on. The one that received the most votes was a model which started with slightly lower emissions but which incriminatingly increases over time with a slight decay. This means that USDC rewards will continue to increase over a period of 373 days before it reaches max emissions.

Model of the reward distribution option voted on by the community

# Token Factory Overview Token Factory is a service provided by VaporDex which allows individuals and teams alike to launch their own tokens in a simple and standardized way. Token Factory uses the same verified contract for all tokens and also enforces strict requirements in order to provide investors with a safe and reliable way to interact with new tokens.\
# Anti-Bot and Anti-Whale Features To help promote a fair launch the token creator has the option to select a 1 hour whitelist presale for Stratosphere members which helps to mitigate bots and it also provides an incentive for new users to enroll in Stratosphere. An anti-whale function is also included for the first 24 hours after launch which prevents any one wallet from purchasing more than 1%. This helps to foster a more balanced distribution of tokens among holders.\ \ Check out [How to enroll in Stratosphere](/stratosphere/what-is-stratosphere/how-to-enroll-in-stratosphere)for bot protection/ WL. # Technical Simplicity Token Factory was designed in a way which removes the technological complexities that are required when creating and launching a new token. No need to write your own smart contract, renouncing the contract, figure out where and how to lock or burn the liquidity, and where to launch the token. VaporDex has truly created a hassle-free experience regardless of the level of technical expertise. In 5 minutes anyone can launch their own token by filling out a web form. The contract, which is provided by VaporDex, is automatically renounced and the liquidity is automatically locked for 3, 6, or 12 months or is burned depending on the user's selection. # Token Launch Considerations The user will schedule the day of the token launch when filling out the webform but the scheduled date must be at least 3 days in advance (Current day + 2 days). On the scheduled launch date the liquidity will be added to VaporDex, the VLP token will be locked using Sablier or will be burned depending on what the user selected, and the contract will be renounced. Once the token has been launched the creator will be able to see information about their token including social media information if it was provided. In a later iteration of the Token Factory the creator will be able to edit their socials on their own but until then they can submit a ticket through the VaporFi discord to have socials updated. # Fees When a new token is created there is a $250 fee paid in USDC that is applied. This price helps to ensure that only serious and committed teams or individuals will use the service. The fee also is used to help support the VaporDex team and ecosystem. Half of the funds are used to buy VAPE which is then paired with the other half of the USDC and is added to the VAPE/USDC liquidity pool on VaporDex. # Ads Ads can be incorporated into the DEX through a 1456 x 180 banner or a 30-second video. To request this service, create a support ticket on [Discord](https://discord.gg/BMWXqxJgjf) and submit the banner or video, along with the URL that will be used when users click on the ad. The cost is 250 USDC per week. # Supported Chains VaporDex started on Avalanche but has since gone multichain. Check out the various chains supported by VaporDex and ways that you can onboard. # Avalanche Avalanche is EVM compatible which means that it can be used with Metamask. Since Avalanche has been around for a while you can simply find and add it using the network search
Alternatively you can manually add it to Metamask or many other EVM compatible wallets by adding a custom network and filling out the following form fields as follows:
You can purchase AVAX using our fiat onramp depending on the country you are from or from many other centralized exchanges. If you are coming from another chain you maybe able to bridge to AVAX using the VaporDex bridge # Telos The Telos network is compatible with Metamask and can be added using this link: > **Telos ( TLOS ) Network Details :** > > Network Name: Telos EVM Mainnet Network > > URL: > > Chain ID: 40 > > Currency Symbol: TLOS > > Block Explorer URL: For those interested: our partners over at Lifi are working on adding TELOS to their system. In the meantime. you can bridge AVALANCHE tokens (**BTC.b only**) here: (Swap for BTC.b on avalanche. Bridge BTC.b to Telos EVM, add Telos gas) Telos will airdrop you .05 tlos, you can enable this by clicking "add" on the "gas on destination" option. (see image below) BTC.b token address on TELOS EVM - 0x7627b27594bc71e6Ab0fCE755aE8931EB1E12DAC
For those that prefer video format you can watch a step-by-step video on how to bridge from Avalanche to the Telos network here:\ # Apechain Apechain is EVM compatible and as such it can be added to Metamask. You can add it to Metamask using the following link: Alternatively you can manually add Apechain in Metamask or other EVM wallets by adding a custom network and filling out the below form fields as follows:
If you are coming from another chain and need to bridge look at . You can easily and cheaply bridge over USDC from Avalanche or Solana and the relay bridge may even support other options for you as well. # What is Stratosphere? • The first loyalty program in DeFi built to span multiple products and solutions, giving consumers a way to earn rewards across each one of VaporFi’s current and future products & solutions\
• Membership is free and members can link all of their wallets to their membership to earn and save across our ecosystem regardless of the wallet they’re using\
• Stratosphere members earn points, rewards, and refunds when they use VaporFi products – and can use their points to upgrade their membership to unlock enhanced & exclusive rewards\
• Members will be rewarded for providing liquidity, swapping tokens, and even staking their $VPND – with future rewards expanding to also include transacting on VaporChain, referring new members, on-ramping fiat, and much more
• Projects launching on VaporDEX and VaporChain will be able to tap into Stratosphere’s personalized reward capabilities to airdrop rewards, tokens, and more to VaporFi’s built-in community of 30K+ users – allowing them to jumpstart their growth and consumer acquisition
• Our loyalty program will differentiate us as the most consumer-centric DeFi ecosystem in the world and give VaporFi the ability to reward consumers in a truly personalized manner – allowing us to offer personalized savings and incentives to grow lifetime consumer value, maintain gold-standard retention rates, and connect our consumers with the rewards and benefits that matter the most to them
• When fully deployed, our loyalty program and personalization abilities will allow VaporFi to provide its partners with quantitative and qualitative insights on how consumers interact with their projects – and even allow them to sponsor their own personalized reward campaigns to deepen the engagement of their own growing community # How to see your soul bound NFT from Stratosphere You can add the NFT as a token into Metamask on the wallet you used to mint it. To add it to Metamask click import token and add this contract: 0x08e287adCf9BF6773a87e1a278aa9042BEF44b60 On the last row you can put any number kind of, just add 0. It will show like this in Metamask ![](https://media.discordapp.net/attachments/1025839133056311336/1025839133211504690/unknown.png) If you click it you get the transaction in there as well ![](https://media.discordapp.net/attachments/1025839133056311336/1025839133576413244/unknown.png) it will show the transaction on the device you used Metamask when you minted it and a second install on phone for example will not show it since Metamask is not looking for old transactions, that is why if you do transaction with the wallet on PC it will not show the transactions on the same seed phrase install you have on your phone for example. Only the wallet that created the soul bound NFT can add it to Metamask as a token since it is the owner of the NFT and the secondary wallets you may link will not be able to. Also if you get an error saying you are not the owner then it is due to people trying to use "Import NFT" and they need to use "Import Token".
## You can also view on most NFT marketplaces Go to Opensea/ NFT trader/ or any other platform known for AVAX NFT's. connect your wallet and it should be in "collected" or "hidden" NFTS.\ \ If it's not showing an image, click into the nft and then REFRESH the Metadata.
# How to enroll in Stratosphere {% embed url="" %} {% endembed %} # Stratosphere FAQ * How will Stratosphere help me personally? * It will reward you just like any Loyalty program out there. The more you use it, the more rewards you will earn from it. * How will I get rewards from stratosphere if i have more than 1 wallet? * We are looking into linking wallets and verifying those wallets are yours to link. * What other projects are in the works that I can use in the Stratosphere Ecosystem? * Nodes, DEX, Marketplace, VaporChain Subnet. as well as potential partners projects that we incorporate into our system or their own. Can you sell a soul bound NFT on an NFT marketplace?\ No. The Strat NFT is bound to your wallet and your wallet only. # Github repositories ## Introduction All our repositories are stored on [Github](https://github.com/VaporFi). Most of them are public, and you can freely submit an issue or a pull request. | | | | ------------- | ------------------------------------------ | | Liquid Mining | | | | | # Contracts ### Contracts now public - ## **Avalanche**
Name​Contract Address​Description
​Factory V1​0xC009a670E2B02e21E7e75AE98e254F467f7ae257​Address for VaporDEX Pool Factory V1 (Uniswap V2 fork)
​Swap Router V10x19C0FC4562A4b76F27f86c676eF5a7e38D12a20d​Address for VaporDEX Router V1
​Factory V20x62B672E531f8c11391019F6fba0b8B6143504169​​Address for VaporDEX Pool Factory V2 (Uniswap V3 fork)
​Swap Router V20xe61EFa294C7eEC0C96b3df79B5c1975f0613548A
​Address for VaporDEX Router V2
​Position Manager0xC967b23826DdAB00d9AAd3702CbF5261B7Ed9a3a​Address for VaporDEX Position Manager V2

​Aggregator0x55477d8537ede381784b448876AfAa98aa450E63​
Stratosphere0x08e287adCf9BF6773a87e1a278aa9042BEF44b60
VPND Liquid Mining0xAe950fdd0CC79DDE64d3Fffd40fabec3f7ba368B
VAPE Liquid Mining0x1C9Cba0CEc8aD45f75D5F5bdb0c539AcB55B8D94
VAPE LM USDC Replenishment Pool0x0fA2CCC39Cc3B225A7649eD84ec76Ee5217d07c4Contract that distributes the daily USDC
## **Telos**
Name​Contract Address​Description
​Factory V1​0xDef9ee39FD82ee57a1b789Bc877E2Cbd88fd5caE​Address for VaporDEX Pool Factory V1
​Factory V2​0x62B672E531f8c11391019F6fba0b8B6143504169​Address for VaporDEX Pool Factory V2
​Aggregator​0x55477d8537ede381784b448876AfAa98aa450E63​
Stratosphere0x08e287adCf9BF6773a87e1a278aa9042BEF44b60
# Audits ## Pools V2 {% file src="/files/RFz9Gu1UDnhBj5L8i1gz" %} ## VPND Liquid Mining {% file src="/files/TJADbCXIr6nrqf6EFNab" %} ## Pool V1 {% embed url="" %} {% file src="/files/mD826APRkAYnvkadGHmF" %} # Where to get help? {% hint style="info" %} **We are always available to help in the discord. Please make sure to log a support ticket with detailed instructions.** [**https://discord.gg/BMWXqxJgjf**](https://discord.gg/BMWXqxJgjf) {% endhint %} On-ramp Support: VaporDEX provides two options for fiat on-ramping. Mt. Pelerin is a platform available to non U.S. residents and Onramper is a fiat on-ramp aggregator available to U.S. residents. For inquiries related to on-ramping transactions, you can contact them here: * Mt. Pelerin: * Onramper: In addition, we recommend contacting the specific onramp that was used to process your transaction: * Moonpay: * Wyre: * Xanpool: (no contact listed) * Mercuryo: * Coinify: * Indacoin: * Utorg: * Transak: * Itez: