Introduction

The commoditization of on chain yield strategies is inevitable, but doing it in the right way, and with the goal of distributing the ensuring transparency and security of DeFi products requires a combined effort by all related stakeholders. In order to bring all these stakeholders under a common goal and build in the interest of the Retail investors, Dexponent was created. Dexponent operates as a decentralized protocol designed to create a fair and transparent yield market maker, where participants referred to as “validators” and “yield miners”, evaluate each other based on their contributions to yield generation. This ranking system determines how rewards and weights are distributed within the network.

Ranking and Weightage Mechanism in Dexponent: 1. Validators evaluate yield miners based on their generated yields, assigning weightage and performance scores through accurate yield benchmarking. 2. Performance scores are recorded on a decentralised ledger, ensuring that all contributions are transparent and traceable. 3. Validators are rewarded for their verification work, reducing the risk of inflated performance metrics.

Dexponent Protocol

Dexponent is building a Decentralised Yield Market for benchmarked yield strategies for performance and transparency. The protocol introduces validators that allocate liquidity to yield miners/originators who execute various yield generating activities. Validators play an important role in ensuring the efficiency and accuracy of these processes by applying Proof Of Rewards mechanisms to validate the generated yields (using benchmarks) and ensure its fair distribution among the participants.

The entire system is unified through a protocol, with the native token $DXP. The token acts as both an incentive for stability and fairness within the ecosystem. Validators, yield miners, liquidity providers and subnet operators all rely on $DXP to align their interests and sustain the network's performance.