# Blackhole

> The central trading and liquidity hub on AVALANCHE

Blackhole is a DEX on Avalanche for swapping tokens, providing liquidity, and earning fees through a ve(3,3) vote-escrow model.

Blackhole is a liquidity hub DEX on Avalanche designed for blockchain projects, particularly in gaming and AI, using an improved ve(3,3) model. Users can swap tokens across multiple AMM types, provide liquidity to earn BLACK rewards, and lock tokens into veBLACK NFTs to vote on emission distribution and earn trading fees. Its dual veNFT system includes a permanent token burn mechanism that reduces circulating supply over time.

- Type: Protocol
- Sector: Finance
- Status: Active
- Founded: 2025-07-17
- Profile: https://thegrid.id/profiles/blackhole

## Products

- [Blackhole](https://thegrid.id/profiles/blackhole): Blackhole is a ve(3,3) DEX on Avalanche and a liquidity hub for blockchain projects, supporting multiple AMM types: constant product pools, stable-swap pools, and Algebra Integral-based concentrated liquidity. The protocol uses a dual veNFT governance system where BLACK holders lock tokens to earn protocol fees and direct weekly BLACK emissions to liquidity pools via epoch-based voting. Genesis Pools allow projects to establish pre-TGE liquidity with community participation. (Decentralised Exchange, Live, Main Product)

## Assets

- [BLACK (BLACK)](https://thegrid.id/profiles/blackhole): BLACK is the utility token of Blackhole, a ve(3,3) DEX on Avalanche. It is used for rewarding liquidity providers with emissions and can be locked to mint veBLACK NFTs that grant governance voting rights and protocol fee earnings. Locking BLACK permanently into a Supermassive veNFT sends the tokens to a burn address, 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. It is used to vote on weekly emissions to liquidity pools and earn protocol trading fees and voting incentives. Users mint veBLACK by locking BLACK tokens for up to four years, with longer lock durations granting proportionally higher voting power. (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. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP