# Blackhole > The central trading and liquidity hub on Avalanche Blackhole is a decentralized exchange protocol on Avalanche for token swaps, liquidity provision, and bridging. It uses a vote-escrow model that lets users lock tokens to vote on liquidity incentives and earn trading fees. Blackhole is a decentralized exchange protocol on Avalanche that serves as a liquidity hub for blockchain projects across the ecosystem, including gaming and AI-focused ventures. Users can swap tokens through multiple automated market maker types, provide liquidity to pools, and bridge assets across chains. The protocol is built around an improved vote-escrow model that aligns incentives among traders, liquidity providers, and projects. Blackhole addresses liquidity fragmentation among blockchain projects by letting projects and community members jointly fund liquidity pools, including pre-launch pools that support token distribution before a project's public listing. Liquidity providers earn BLACK token emissions based on votes their pools receive each epoch, while holders can lock BLACK into veBLACK NFTs to vote on emission distribution and collect trading fees and incentive payments. A permanent token burn mechanism tied to a distinct veNFT type reduces circulating BLACK supply over time. The protocol offers concentrated liquidity, classic constant-product, and stablecoin-focused automated market maker pools alongside its cross-chain bridge, giving partners flexibility in how they structure liquidity. It is used by blockchain projects seeking liquidity support on Avalanche, community members providing liquidity or voting through locked tokens, and traders swapping assets across its pools. - Type: Protocol - Sector: DeFi - Status: Active - Founded: 2025-07-17 - Profile: https://thegrid.id/profiles/blackhole ## Products - [Blackhole](https://thegrid.id/profiles/blackhole): Blackhole is a decentralized exchange on Avalanche that serves as a liquidity hub for blockchain projects, supporting constant product pools, stable swap pools and concentrated liquidity pools. Users lock BLACK tokens into veNFTs to gain voting power, directing weekly emissions to liquidity pools and earning protocol fees and bribes in return. Genesis Pools let projects bootstrap pre launch liquidity with one sided deposits, and an integrated bridge lets users move assets onto Avalanche to access the platform. (Decentralised Exchange, Live, Main Product) ## Assets - [BLACK (BLACK)](https://thegrid.id/profiles/blackhole): BLACK is the utility token of Blackhole, a ve(3,3) decentralized exchange on Avalanche. Liquidity providers earn BLACK through weekly emissions, and holders can lock it to mint veBLACK NFTs that grant governance power and a share of protocol fees. Locking BLACK permanently into a Supermassive veNFT burns the tokens, reducing circulating supply over time. (Utility) - [veBLACK (VEBLACK)](https://thegrid.id/profiles/blackhole): veBLACK is the governance token of Blackhole, issued as an ERC-721 NFT representing vote-escrowed BLACK. Holders lock BLACK for up to four years to mint a Singularity veNFT, gaining voting power over weekly emissions and a share of trading fees and voting incentives. Locking permanently into a Supermassive veNFT burns the underlying BLACK, granting non-decaying voting power and a rebase boost. (Governance) ## Links - [Main](https://blackhole.xyz) - [Documentation](https://docs.blackhole.xyz) - [Terms of Service](https://docs.blackhole.xyz/legal-disclaimer) - [Media Kit/branding](https://docs.blackhole.xyz/brand-assets) - [Governance](https://blackhole.xyz/vote) - [Twitter / X](https://x.com/BlackholeDex) - [Discord](https://discord.gg/blackholedex) - [Paragraph](https://paragraph.xyz/@blackholedex) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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