IDEX launches "Buy & Lock" program to enhance on-chain liquidity

IDEX is an Ethereum token that provides support for the IDEX decentralized exchange, which combines order books and automated market makers (AMMs). IDEX holders can stake tokens to help protect the protocol and receive rewards.

 

On December 6th, IDEX announced on the X platform that it will launch a protocol holding liquidity plan called "Buy & Lock" next week to enhance the on-chain influence of $IDEX. According to the plan, 100% of the protocol fee will be reinvested and locked, of which 50% will be used to repurchase $IDEX tokens, and the other 50% will be paired with the purchased $IDEX and injected into the Uniswap V2 liquidity pool of ETH L1. IDEX stated that this move will gradually reduce its reliance on centralized order books and provide users with stronger on-chain access capabilities. With the growth of protocol trading volume, on-chain liquidity will also be synchronized.