📖Overview

Supernova is a next-generation decentralized exchange deployed on Ethereum, functioning as a specialized liquidity hub to accelerate the success of emerging projects and champion active community participation within Web3 ecosystems.

Supernova’s advanced vote escrow tokenomics strengthen both liquidity and stakeholder alignment, using a gradually declining emissions model to encourage long-term token stability. By permanently locking and burning governance tokens allocated to the team and partner projects, the system removes sell pressure and ensures that every participant stays invested in the protocol’s sustained growth.

Enhanced ve(3,3) Tokenomics

Supernova evolves the traditional ve(3,3) model by introducing two distinct classes of veNFTs: Singularity veNFTs and Supermassive veNFTs. Supermassive veNFTs represent a premium, supply-reducing form that can only be minted through the permanent removal of $NOVA tokens from circulation.

To further enhance ecosystem alignment, Supernova’s open incentive marketplace allows partners to make weekly incentive deposits, motivating veNFT holders to direct voting power toward their liquidity pools. This dynamic reward mechanism encourages long-term collaboration between projects and the community, ensuring liquidity is distributed where it creates the greatest strategic value.

AMM Offering

Supernova provides a comprehensive suite of Automated Market Maker (AMM) models designed to accommodate diverse liquidity strategies. The platform integrates Concentrated Liquidity AMMs, Classic UniV2-style AMMs, and Stablecoin AMMs, allowing users to tailor their liquidity provisioning according to asset characteristics and trading objectives.

AMM Modularity

Powered by the Algebra Integral framework, Supernova’s AMMs offer unparalleled modularity and customization. Through a flexible plugin architecture, partners can fine-tune core market-making parameters, introduce new features, and optimize trading efficiency to meet their specific operational and strategic goals.

How It Works

The protocol enables seamless token swaps and collects trading fees to sustain and incentivize liquidity across the ecosystem. During each epoch, liquidity providers (LPs) are rewarded with $NOVA emissions proportional to the voting weight their pools receive. Only staked liquidity within active protocol gauges qualifies for these emissions.

Participants can lock their $NOVA tokens to obtain veNOVA, granting them the ability to vote on emission distribution for the upcoming epoch. veNOVA voters earn a share of all trading fees generated in the previous epoch, along with any additional incentives contributed by projects seeking to attract votes in the current cycle.

Epochs

An epoch is a 7-day period that starts every Thursday at 00:00 UTC and ends Wednesday at 23:59 UTC. Votes, emissions, fees, and incentives are all calculated on a per-epoch basis.