Dashboard

Protocol Information

Learn about Tenexium Protocol mechanics, fees, and risk management

Core Mechanics

Position Management

Deposit TAO collateral
Borrow additional TAO (up to leverage limit)
Protocol executes alpha token purchase
Health ratio monitoring

Health Ratio

Formula:(Collateral + Alpha Value) / Borrowed TAO
Maintenance Margin:110.0%
Initial Margin:120.0%
Liquidation Penalty:2.0%
Circuit Breakers

Utilization Cap

90.0%

Borrowing disabled when utilization exceeds threshold

Rate Limiting

360 blocks

LP operations limited to prevent flash attacks

Emergency Pause

Owner

Owner can pause all operations in extreme scenarios

Leverage Tier System

System Overview

The leverage tier system determines your maximum leverage and fee discounts based on your TENEX token holdings.

Higher tiers provide increased leverage limits and reduced trading fees.

All Tiers

Tier 0
0 TENEX
2× leverage • 0% discount
⭐ YOUR TIER
Tier 1
100 TENEX
3× leverage • 10% discount
Locked
Tier 2
1,000 TENEX
4× leverage • 20% discount
Locked
Tier 3
5,000 TENEX
5× leverage • 30% discount
Locked
Tier 4
20,000 TENEX
7× leverage • 40% discount
Locked
Tier 5
100,000 TENEX
10× leverage • 50% discount
Locked

Connect Wallet

Connect your wallet to view your leverage tier status and TENEX token balance.

Fee Structure

Trading Fees

0.300%

Base rate: 0.3% per trade (tier-discounted)

• Deducted from acquired alpha tokens
• Applied immediately on position open/close

Borrowing Fees

0.000%

Dynamic rate per 360 blocks based on utilization

• Base: 0.005% per 360 blocks
• Kink (80%): 0.02% per 360 blocks
• Current utilization: 0.000%

Liquidation Fees

2.000%

Fixed 2% penalty on liquidated collateral

• Applied immediately upon liquidation
• Distributed to liquidators and protocol
Fee Distribution

Trading Fees

70%
Protocol
30%
Liquidity Providers
0%
Liquidators

Borrowing Fees

65%
Protocol
35%
Liquidity Providers
0%
Liquidators

Liquidation Fees

60%
Protocol
0%
Liquidity Providers
40%
Liquidators
Buyback Program

Revenue Sources

90%
of total protocol revenue

Vesting Schedule

Cliff Period:3 months
Vesting Period:12 months
Forfeiture:Unclaimed tokens remain in pool

Buyback Mechanics

• Execution threshold: Buybacks trigger when pool exceeds threshold
• Execution interval: Automated execution every N blocks
• Staking: Purchased tokens staked to protocol validator hotkey
Tokenomics

TAO Liquidity Pool

100% TAO collateral backing
Miner emissions yield
Protocol fee share (30-35%)
Impermanent loss protection

TENEX Token

Tier determination
Fee discounts
Automated buyback program
Governance participation