BehodlerPrice

(EYE)

Behodler is a single-sided AMM, distinguishing it from traditional models where users must provide two tokens to create a pool. It utilizes a universal liquidity token called Scarcity (SCX), pairing every listed token against it. This architecture significantly reduces gas costs for swapping into yield strategies. Unlike conventional platforms, it uses a logarithmic bonding curve to manage liquidity, simplifying the user experience by removing the need for dual-asset deposits.

EYE is the governance and utility token of the ecosystem. It is deflationary, with a capped supply of 10 million, and is burned during specific protocol actions. It allows users to participate in the Morgoth DAO. In contrast, SCX (Scarcity) is the primary liquidity token that powers all swaps. You mint SCX by 'burning' other tokens into the Behodler AMM. While EYE represents governance stakes, SCX serves as the functional engine for the protocol's automated market-making.

The protocol is designed to internalize arbitrage opportunities that typically occur between external pools. By utilizing its unique bonding curve, Behodler adjusts the SCX supply during swaps to recapture value for the ecosystem. This mechanism prevents Miner Extractable Value (MEV) from being taken by external bots. Instead, the value is retained within the platform, benefiting the protocol's sustainability rather than leaving it for arbitrageurs on other decentralized exchanges.

Limbo is the onboarding 'purgatory' for new tokens where users stake assets to prove demand. Once a threshold is met, tokens migrate into the main Behodler AMM. During this process, users earn Flan (FLN), the protocol's reward token. FLN was created to provide a more stable reward for stakers because SCX can be highly volatile due to its hyper-deflationary nature. It serves as an essential incentive for users participating in the protocol’s farming layer.

PyroTokens are a 'deflation-as-a-service' feature. They are wrapped versions of tokens that accrue value from the burns and fees occurring inside the Behodler ecosystem. For example, by holding a PyroToken version of an asset, you are essentially earning a yield from the trading activity of that asset on the platform. This allows holders to benefit from protocol activity through a mechanism that shares fees and burn-derived value directly with token supporters.

Behodler uses a specialized governance system known as the Morgoth DAO. In this model, different 'Minions' (smart contracts or roles) possess 'Powers' to change protocol parameters, such as burn rates or listing fees. EYE holders vote to determine which addresses or sub-DAOs control these Minions. This 'burn-to-govern' model ensures that governance is managed by those with a vested interest in the ecosystem, allowing for decentralized management of the protocol's complex mechanics.