We are excited to announce the launch of the Escape Velocity Rebate Program with 6MM BLACK tokens allocated for Season 1.
Escape Velocity is built around two core objectives:
Accelerate decentralisation of ownership of the DEX by empowering and incentivizing community veBLACK holders
Make Locking More Attractive and Rewarding: The effective payback time for new locks (or adding to current ones) is reduced. This makes participation more cost-efficient and appealing, motivating fresh engagement and deeper commitment from the community
Launching with an initial 6 million veBLACK rebates available for Season 1, the rules for the Escape Velocity Program are:
Lock a minimum of 2000 veBLACK (excluding airdrop locks)
Extend an existing lock by at least 2000 veBLACK during the season
This applies to both Supermassive and Singularity locks, as long as the 2000 veBLACK minimum is met
If locks transfer between wallets, the rebate is awarded to the wallet that performs the locking action, ensuring fairness
Tokens claimed as Rebase will not be eligible for a rebate
Each locker can receive a rebate up to 10% of the season’s total pool. This cap of 10% encourages broad participation while avoiding concentration of rewards in a few large holders
The rebate will come in the form of a Supermassive NFTs airdropped directly to qualifying wallets
By encouraging locking through this rebate structure, we anticipate a surge in interest, resulting in more BLACK tokens being locked over the season (building on the 4.5 million already locked). This demand will help drive value and strengthen Blackhole's position within the Avalanche DeFi ecosystem.
The table below approximates how many BLACK tokens would be locked, based on this season's reward sizes vs. a final rebate settlement rate at the end of the season of 20%, 25%, 33%, 40%, 50%.
To keep everyone in the loop, a dedicated Dune dashboard tracks fresh locks and rebate percentages throughout the Escape Velocity season. From the moment of announcement until the season’s close, you can watch progress, seeing exactly which wallets are locking, how much veBLACK they’re committing, and the rebates earned so far.
As of August 8th, nearly 4.5 million BLACK tokens have already been voluntarily locked (excluding the airdropped tokens) and are eligible for Season 1, showing strong community participation and belief in Blackhole's long-term vision.
The first Escape Velocity Season 1 dates
Season Start 2025-07-16 00:00 UTC
Season End 2025-09-03 23:59 UTC
Wallets have been retroactively tracked since July 16th. Anyone who created new locks or added to existing ones since then, can also qualify for this season's rebate rewards.
Now’s the perfect time to take advantage of Escape Velocity, boost your veBLACK holdings to reduce your payback duration by earning a larger share of the protocol revenue.
Ready to lock and earn? Visit the Blackhole locks page now and blast off with Escape Velocity!
Follow us on Twitter and Discord, engage actively, and let’s make history:
Twitter: https://x.com/BlackholeDEX
Discord: https://discord.gg/blackholedex
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Blackhole is an advanced decentralized exchange (DEX) backed by the Avalanche Foundation. It is purpose-built to be the Central Liquidity and Trading Hub for all blockchain projects on Avalanche. By leveraging Avalanche’s highly scalable and low-latency infrastructure, Blackhole delivers rapid, cost-effective, and secure trading experiences-key advantages for DeFi users and protocols operating within the Avalanche ecosystem. Blackhole introduces Supermassive veNFTs that burn $BLACK tokens and redefine the vote-escrow model, setting a new benchmark for efficient liquidity. Combined with innovative features like the Genesis Pool, these advancements position us well ahead of other ve(3,3) DEXes.
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