Preface

In the cryptocurrency market, decentralized finance (DeFi) is rapidly rising, and DeXe (decentralized social trading platform) as an innovative online platform, aims to establish an autonomous cryptocurrency asset investment portfolio environment, allowing users to easily participate in social and trading.

Background and Concept

DeXe Protocol was founded by a group of experts passionate about fintech and blockchain technology, with the aim of solving some pain points in traditional financial markets. With the rise of social trading, more and more investors hope to easily follow the operations of professional traders. However, traditional platforms often have high barriers to entry and low transparency. DeXe is designed to address these issues as a decentralized platform.

The core concept of DEXE is an ‘open and permissionless system’, which means that anyone can participate freely without going through cumbersome approval processes. By following protocol rules and providing resources, participants can reach consensus and jointly promote the development of the ecosystem.

What is DeXe?

DeXe is a decentralized social trading platform and an innovative open-source DAO builder that aims to provide a ‘one-stop DeFi trading’ experience. The platform offers a variety of trading tools and operates in an environment with over 50 contracts. Through collaboration with the community and contributors, the DeXe Protocol DAO manages the protocol with the goal of creating and advancing cutting-edge solutions for functional, transparent, and decentralized DAOs, as well as establishing an effective decentralized governance mechanism.

In addition to being a decentralized cryptocurrency asset portfolio environment, DeXe also facilitates wallet-to-wallet copy trading without exposing private keys or any encrypted wallet information. This environment includes comprehensive governance contracts, multiple voting models, reward distribution, decentralized financial management, token delegation, various proposal templates, contract execution, parameter settings, and the ability to integrate custom proposal systems, among others, all of which are like building blocks of very advanced constructors. Each smart contract of the DeXe protocol is open source, so independent teams and developers can adopt any part of the protocol and implement it in their own way, thus using example without restrictions.

Operation mode

Social Trading

One of the most notable features of the DeXe platform is its social trading functionality, where users can easily follow and copy the trades of professional traders. This is particularly important for investors who are unfamiliar with the market, as it allows them to not only learn professional trading strategies, but also profit from them in real-time.

Copy Trading

DeXe Network provides a range of attractive tools and services for both new and experienced traders, rewarding traders and their followers for copied trades through decentralized social trading.

DeXe users can use the wallet information tool to choose which trader to follow. Users lock their assets into the smart contract linked to the ‘DeXe Follow’ smart contract, which releases a fully collateralized synthetic token that corresponds to the trader’s value. The token is collateralized by physical assets and its value depends on the trader’s skills. The trader continues to trade as usual while managing the DeXe Follow contract.

The DeXe platform allows users to simultaneously copy multiple wallets, enabling them to manage different trading strategies at the same time. It also provides a variety of tokens for each trader, allowing users to copy multiple trading strategies from the same person freely. Users can hold or send synthetic tokens to any wallet address they like, and traders can also copy continuously active protocols.

Technical Architecture

Smart contracts are at the core of this protocol, executing different functions in DAO as simply and automatically as possible. Smart contracts implement the logic of formulating and executing collective decisions. DAO can be managed through the following ways:

• ERC-20 Tokens
• ERC-721 tokens (NFT)
• ERC-20 and ERC-721

Function Overview

The tokens in the pool determine the membership of the DAO community, granting users the right to vote and participate in collective decision-making processes. Token holders can propose ideas that can be approved or rejected by other DAO members (i.e., governance). The following schemes provide a high-level overview of the various smart contract blocks that make up our infrastructure.

DLSL

This is the yuan level, which records all contracts and DAOs, as well as the method of creating DAOs through the protocol.

• ContractsRegistry - Registry of all smart contracts used by all DAOs built through protocols
• PoolFactory - This is the place to create a new DAO
• PoolRegistry - The registry of all DAOs created through the protocol

DAO

Once a DAO is created through the PoolFactory smart contract, it will be deployed to the DAO block of our smart contract.

1. DAO Pool: Centralized management smart contract for each DAO
2. DAOToken: The creation and registration of tokens created and registered for governance applications/creations of DAO.
3. User Administrator: Registry of DAO User Wallets
4. Environment: including all current settings of DAO (modifiable through proposals)
5. Validator: Login for this DAO validator.
6. Validator Token: Validators obtain their own tokens for exclusive validator voting.
7. DAO Module: In the DAO, there are six main processes, divided into six smart contracts:

• Vote: Manage contracts in all aspects of voting
• Expert: rules and mechanisms that include the most important elite components in our DAO governance model
• Commission: Incentives only work when everyone receives fair compensation and funds flow well; this is an intelligent contract with fee rules.
• Staking: smart contracts that track staking plans and rewards
• Order: This smart contract tracks complex order formulas, making effective governance possible and providing returns.
• Reward: The smart contract is dedicated to tracking and correctly distributing rewards.

Security

The protocol has been audited by well-known security companies, including Cyfrin, CertiK, Ambisafe, Hacken, and multiple reviews by protocol developers. The audit reports are available for review. The protocol contract library has undergone over 1000 unit, integration, and simulation tests, achieving 100% coverage. The smart contract code of the protocol is open source, and members of the technical community are welcome to review and verify DeXe’s code.

Token Economics

The DeXe token DEXE is the native governance token of DeXe DAO, enabling decentralized decision-making. Through DEXE, members can propose, vote, and take governance actions in a transparent and efficient manner. This token fosters an inclusive and merit-based decision-making culture. DEXE is a multi-chain token that is currently usable on two networks and plays a key role in the treasury, enhancing community involvement and participation through its utility programs and redistribution mechanisms.

Enhanced reward function NFT (for H.Farming)

The native address of DEXE token

• ERC20: 0xde4EE8057785A7e8e800Db58F9784845A5C2Cbd6
• BEP20: 0x6E88056E8376Ae7709496Ba64d37fa2f8015ce3e

Token and Treasury

$DEXE token is the native utility governance token of DeXe Protocol DAO, which is used by holders, private contributors, and expert sub-DAOs to vote and manage the treasury. As a governance token, $DEXE enables DeXe Protocol DAO to act as a fully managed protocol DAO, and members can use the governance token to propose, vote, and execute decisions of DeXe Protocol DAO in a transparent and efficient governance model. Through governance proposals voted by $DEXE holders and representatives, the community can support the development, enhancement, and adoption of DeXe protocol in a truly decentralized, community-driven manner.

$DEXE tokens can be used for the following purposes:

• Governance: $DEXE allows DeXe Protocol DAO to fully exercise the role of managing the protocol DAO through voting on $DEXE holders.
• Rewards: Contributors to the DAO will receive rewards from the Treasury for participating in proposal creation, voting, and proposal execution.
• Token fees: For other DAOs, using the protocol is free, but some features embed protocol fees. For example, fees are charged for distributing rewards among active contributors and initiating ITA (Initial Token Allocation). These fees are collected in the DeXe DAO treasury and managed by $DEXE holders for further protocol development.
• Auxiliary: According to community consensus, the treasury can be used for:

1. To provide funding for protocol and wider decentralized sector research and development
2. Promoting public education on technological innovation
3. Organize activities to promote DeXe Protocol DAO
4. Support and fund the development activities and projects of the protocol ecosystem, as well as other projects in the field of decentralized blockchain technology
5. Promoting and educating the public about new technologies in blockchain technology
6. Organize meetings and other events to promote DAOs or protocols

Related data

According to CoinGecko data as of (2025/1/6), the market cap of DeXe Protocol is approximately $970 million.

According to DEXSCREENER’s data before the deadline (1/6/2025), the number of Holders was 2,506.

DeXe DAO latest proposal

DeXe DAO has recently taken an important step by approving a comprehensive proposal that lays the foundation for the future development of the DeXe protocol. Here are the four main highlights of the proposal:

1. Ethereum Deployment: DeXe is launched on Ethereum, leveraging its highly liquid network to provide unparalleled opportunities for user growth and project acquisition. This also deepens the collaboration with GraFun, enabling memecoins in the Ethereum ecosystem to be launched in the form of a decentralized treasury and governance DAO, marking a key milestone in DeXe’s multi-chain expansion journey.
2. Integration with GraFun: After the launch of Ethereum, the DeXe protocol will integrate with GraFun, enabling the memecoin project to utilize a fair curve to create a DAO on the DeXe protocol, and promote TVL growth through financially supported projects, further promoting ecosystem expansion and user participation.
3. Financial Integration: DeXe DAO’s treasury will continue to be integrated into the protocol’s smart contracts, enhancing transparency and accountability in resource management, aligning DeXe’s financial infrastructure with its decentralized, community-driven vision, and ensuring the prudent use of funds and the sustainable development of projects.
4. Staking Launch: A staking mechanism will be proposed to incentivize participation and adoption. The system will reward active DAO members, enhance community loyalty, and attract new users and early adopters. Detailed information will be outlined in future proposals for DAO members to review, ensuring the effective implementation of the staking mechanism and widespread community participation.

In addition, DeXe DAO will also focus on shaping the key narratives and trends of the current market, including expanding the memecoin ecosystem, developing AI-driven proxies, governing frameworks for tokenized assets, and supporting scientific research DAO. To ensure effective implementation, a working group will be specifically discussed and established to assess feasibility, formulate strategies, and allocate funds or pilot projects as needed. These measures reflect DeXe’s commitment to decentralization, transparency, and community-driven innovation, aiming to address current market trends and opportunities for expanding technology and drive the development of the DeXe protocol as a technological and decentralized organization.

Conclusion

The DeXe Protocol DAO aims to create a constructor and behavioral model for DAOs and DAO members through the protocol and its own DAO as an example. This model rewards elite management, promotes democracy, and supports complete transparency, where everyone can contribute in any way, including providing multiple clear paths to reward your own useful activities and support for validated experts’ activities. In this system, everyone’s motivation and the motivation of the entire ecosystem can be coordinated for mutual benefit, without playing zero-sum games.