Season 1 has just concluded with incredible participation, resulting in a total of 17,711,561 veBLACK created by eligible participants!
Out of 1,003 eligible participating wallets, 343 were new wallets, while 660 existing wallets qualified by either extending or increasing their lock positions. All together, participants created 1,225 new locks. Notably, Supermassive locks were by far the most popular, with a total of 1,614 versus 123 Singularity locks. Among existing locks, 748 increased the amount of locked BLACK and 12 had their lock durations extended.
Building on the overwhelming success of Season 1, we are thrilled to announce the launch of Escape Velocity Season 2.. We are doubling down on our commitment to accelerate decentralization and incentivize locking by increasing the veBLACK rebates pool from 6 million to 10 million veBLACK for this season.
The rules for the Escape Velocity Program remain the same as for the previous season:
A minimum lock of 2000 veBLACK (excluding airdrop locks) is required to qualify.
Both Supermassive and Singularity locks count toward eligibility as long as minimum thresholds are met.
Rebates are capped at 10% of the total pool per wallet, encouraging wider participation and fair distribution.
Rebates will continue to be distributed as Supermassive NFTs airdropped directly to qualifying wallets.
Locks transferred between wallets will credit the rebate to the wallet performing the locking, ensuring fairness.
Please note: Rebates are calculated based on the amount of veBLACK in your lock, not the number of BLACK tokens locked. For example:
A Singularity lock with 100,000 BLACK locked for 1 year has 24,450 veBLACK.
A Supermassive lock with the same 100,000 BLACK provides 110,000 veBLACK.
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.
You can look up your wallet by entering this in the search field:
For each wallet, the columns represent:
veBLACK Locked: the total amount of veBLACK held in the wallet
% eligible veBLACK: the percentage of the total eligible veBLACK contributed by this wallet
% Rebate Rewards: the wallet’s share of this Season's total Rebate Rewards
veBLACK Rebate: the current amount of veBLACK Rebate a wallet is eligible for based on current data
Effective Rebate: the rebate rate on the wallet’s eligible veBLACK balance.
veNFT_IDs: the list of all veNFT IDs associated with the eligible wallet
These numbers may change throughout the Season as more veBLACK become eligible to earn a share of this Season's total Rebates pool , whether through creating new locks, extending existing ones, or increasing locked amounts
Season 2 start: 2025-09-04 00:00 UTC
Season 2 end: 2025-10-08 23:59 UTC
Now is the ideal time to join Escape Velocity Season 2 and grab a share of the 10M veBLACK rebate pool by reducing your payback period while earning a larger portion of protocol revenue.
Follow us on Twitter and Discord, engage actively, and let’s make history:
Twitter: https://x.com/BlackholeDEX
Discord: https://discord.gg/blackholedex
Subscribe to Blackhole
Over 1.1k subscribers
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.
Share Dialog
Blackhole
