FAQs
General
What is Orvex?
Orvex is a DEX and liquidity marketplace built on the Status Network. It offers token swaps, liquidity provision and a gauge voting system for veORVX holders, allowing veORVX voters to earn trading fees while LPs earn oORVX emissions through gauge staking.
What makes Orvex unique on Status?
Orvex is designed to act as the native liquidity layer for Status, helping new projects solve the “cold start liquidity” problem and giving established protocols tools to maintain deep, sustainable liquidity. It uses concentrated liquidity pools to improve capital efficiency and trading conditions.
Technical
Can you explain Orvex’s gauge voting system?
Orvex uses a gauge voting system inspired by designs such as Curve and later ve(3,3) protocols. veORVX holders vote on how emissions are allocated between pools. This gives long-term aligned participants a direct say in where incentives go and how the protocol’s fee and reward flows are shaped.
What is concentrated liquidity and how does it benefit Orvex users?
Concentrated liquidity lets LPs provide capital within chosen price ranges instead of across the full curve. When prices trade inside those ranges, the pool can deliver deeper execution with less capital deployed. For traders, this can mean better pricing; for LPs, potentially higher capital efficiency and stronger oORVX incentive opportunities when their positions are staked into gauges.
Liquidity & Trading
What are the risks associated with providing liquidity on Orvex?
Providing liquidity on Orvex carries the same core risks seen across DeFi: impermanent loss, price volatility, smart contract risk and market risk. Users should only provide liquidity if they understand and accept these risks.
How does Orvex support smaller protocols and new projects?
Orvex aims to lower the barrier for smaller or early-stage protocols by giving them clear tools to attract emissions and liquidity, such as gauge voting, external incentives and potential incentive-matching arrangements. This framework is designed to make it easier for new Status projects to build credible liquidity over time.
Governance & Tokenomics
How do Orvex emissions tokens work?
Orvex uses an emissions token model built around oORVX to reward liquidity providers and governance participants while helping projects deepen their liquidity. All emissions are distributed as oORVX — not liquid ORVX — giving recipients a choice: exercise at a strike price to receive liquid ORVX, or burn for a permanent governance position. The exact mechanics (such as conversion options, locking routes and anti-dilution features) are defined in the tokenomics section and may evolve as the protocol grows. The goal is to reduce constant sell pressure on the main token and direct more value back into long-term liquidity and governance.
Can anyone participate in Orvex governance?
Governance participation is open to veORVX holders. By locking ORVX to receive veORVX, users gain voting power over gauge weights and other key parameters. This lets active participants influence how emissions are allocated and how the protocol develops over time.