🔄Orion DEX

ORION, Daylight's decentralized exchange, is where you can purchase and trade your $DAYL.

Built for Native Liquidity and Efficiency

We are taking the lucrative step of building our own decentralized exchange, or DEX. The step is required in order to provide native liquidity and keep all trades controlled on the Daylight Protocol without providing substantial amounts of liquidity to third-party exchanges such as Pancake Swap on BNB Chain, which could have a detrimental effect on the protocol - the simple reason being that it is multifaceted and concerns revenue, deflation, and liquidity.

Our taxes allow the protocol to gather considerable revenue that may be utilized to pay expenditures, reward token holders, and advance the project. These fees might be collected by third-party exchanges, costing the protocol a lot of liquidity and financial resources.

Mitigating Price Exposure and Depreciation

Third-party exchanges might collect Daylight tokens, retain them and earn rewards on them, and then sell them on the open market at random periods. These sales produce significant price volatility for the Daylight token, which might be unsettling for some investors. Daylight will retain its maximum liquidity and remove the uncertainty from any potential third-party sell-offs by constructing our own DEX.

Once the Orion DEX is live, the DEX will buyback and burn a portion of all on-chain transaction fees. This will assist to stabilize the circulating token supply and decrease inflation, providing considerable value to all holders.

Protocol Orion – Native Liquidity Support

By controlling our own liquidity, we open the door to control and reclaim greater control over crucial parts of Project Daylight. This includes introducing new direct swap alternatives to cut fees, lowering LP token reward rates, and a variety of other advantageous choices that can assist the project in providing further advantages to token holders and partners. These choices can also be used to persuade other projects to adopt Daylight's DEX.

Furthermore, creating the exclusive DEX improves security and usability. When an investor must use several services and protocols to acquire or sell a token, each step poses a security risk that might expose the investment to unscrupulous entities. The DEX enables us to safeguard our entire ecosystem and its stakeholders by providing a safe environment where our listing process is extensive in order to only onboard projects that we deem viable, sustainable and of a certain degree of security.

Features

Project Orion is a decentralized exchange that will be native and exclusive to Daylight Protocol, with its own custom routers for maximum trading efficiency. Orion will be the flagship exchange for Daylight tokens, providing the protocol with the deepest native liquidity in order to mitigate any third party interference on price action and token supply.

Fully customizable taxation parameters

The Orion DEX is created by utilizing a proxy upgrade pattern to ensure that all projects onboarded to the DEX are able to customize their own swap fees in order to benefit their protocol as well as Daylight's native token, with their swaps contributing to our floor price appreciation.

Smart contracts are immutable by design. Software quality, on the other hand, is heavily reliant on the ability to upgrade and patch source code in order to produce iterative releases. Even though blockchain-based software benefits greatly from the technology's immutability, some mutability is required for bug fixes and potential product improvements. This apparent contradiction is resolved by the Orion DEX, which provides an easy-to-use, simple, robust, and opt-in upgrade mechanism for smart contracts that can be customized on-chain.

Fully Equipped Decentralized Exchange

Orion will develop into a full-service DEX, offering trading, staking, and farming of various tokens listed on Orion. In addition, there will be a launchpad where we will give liquidity and maybe capital for eligible enterprises. These and other features will produce significant financial capital for Daylight, which will be used to manipulate floor price appreciation as well as prolong development.

Incubated Projects and Tokens

Team Daylight will be able to allocate resources to projects that wish to list on our DEX, with a complete vetting process for such projects, a fully vetted KYC service, audit services as well as support on technology, fee collection, advisory and management consulting.

Our team of veterans will partner up with prominent industry leaders to make sure that all projects listed on Orion pass a certain set of criteria in order to maximize the security and sustainability of any project listed within Daylight Protocol's ecosystem.

Projects that list may implement bespoke swap fees in order to profit from their token trading, or to merely keep measures in place to reduce sell pressure. A part of these fees will be contributed towards the floor price of the protocol's token as well as its treasury to ensure continuous development for the ecosystem and its incubated projects.

Swap Fees

All token trades have a basic swap fee when using Orion DEX to trade, with listed tokens having customizable swap fees. The swap fee total is 1%, which is broken down as follows:

• 0.25% -> Returned to the liquidity pools

• 0.25% -> Buyback & Burn $DAYL

• 0.25% -> Contributed to Floor Price

• 0.25% -> Buyback $DAYL to Treasury

Liquidity Security

Instead of locking our liquidity on a third party DEX or even on our very own DEX, we will be creating a multi-sig vault just for liquidity in order to ensure that our liquidity has the capability to migrate when needed in the event that token migrations happen or we would perhaps decide to expand to a new DEX for additional user acquisition and ease of use.

In the case that $DAYL is listed on another DEX, or CEX, we will be locking the liquidity for a short duration, not longer than 3 months at a time, subject to renewal unless there are contract migration interferences.