Date: September 2025 · Scope: DEX, Vaults, and community programs on BNB Chain.
Why BNB Smart Chain?
- Low cost Fees in cents keep farming accessible and compounding viable.
- Liquidity hub Established DeFi users and TVL — easier capital formation than a new L1.
- Throughput ~0.75s observed block time during deploy; smooth UX during farm spikes.
- Bootstraps L1 DEX/Vault revenue funds Paragon L1 with no VC dependence.
Core Infrastructure
Two pillars convert activity into sustainable L1 funding and community ownership.
- Security & control Multisig ownership + timelock for sensitive changes; protocol-wide pause & emergency exits.
- Transparency Rich events for swaps, intents, surplus, emissions, vault harvests; public dashboards.
- Governance veXPGN lockers receive fee flows; GaugeController routes emissions; Points-DAO for early seasons.
Paragon Protocol — How the pieces fit
- ParagonRouter Spot/LP/zap flow with slippage-safe “one-click farm” pathing and optional auto-stake. SafeERC20 · permit support · zap to LP then stake
- BestExecution + Payflow Users sign intents (minOut, deadline). PayflowExecutor validates path, executes swap, guarantees minOut, and computes surplus.Off-chain intent; on-chain settlement; replay protection by (user, nonce)
- PoBE surplus
surplus = actualOut − minOut. Routed to TreasurySplitter → veXPGN DAO, LP rebates, and treasury (details below). - veXPGN DAO FeeDistributor streams fees to lockers; GaugeController steers emissions by vote.
Paragon DEX — Liquidity Engine
- Payflow + PoBE (Best Execution) Signed-intent routing enforces best execution and slashes toxic order flow.Off-chain intents · On-chain settlement · Verifiable best-execution
- Paragon Shield (MEV-aware) Avoid sandwich zones, validate TWAP paths, reject unsafe quotes pre-mempool.Path vetting · TWAP/oracle guards · Anti-sandwich checks
- One-Click Farm + Auto-Yield Swap → LP → stake in one flow; optional auto-stake to compound without extra txs.Router+Farm integration · PID0 auto-stake · Slippage-safe zaps
| Item | Share |
|---|---|
| LP rewards | 70% |
| XPGN buyback | 20% |
| Paragon L1 development fund | 10% |
Liquidity bootstrapping: XPGN/USDT, XPGN/BNB, USDT/BNB. Additional majors unlock at TVL milestones.
Payflow → veXPGN DAO split (PoBE surplus)
When Payflow executes an intent, users receive at least minOut. Any extra surplus (actualOut − minOut) is routed on-chain via TreasurySplitter and distributed to align incentives.
| Bucket | Share | Destination |
|---|---|---|
| Protocol Treasury | 60% | DAO treasury (operations, runway, audits, L1 build) |
| LP Flow Rebates | 35% | Rebate gauge → active LPs (by utilization/volume) |
| veXPGN Lockers | 5% | FeeDistributor → lockers (governance stakers) |
ParagonVault — Auto-Compounding
- Strategy Router Allocates to top pools with gas-efficient batching.
- Risk tiers Conservative / Moderate / Aggressive by volatility and depth.
- Safety Emergency exit; transparent harvest schedule; time-weighted performance.
Vault types: single-asset XPGN auto-compound; LP token vaults that harvest & reinvest; prudent BSC integrations.
Volts — AI Agent inside ParagonVault
Volts are opt-in AI agents that manage sub-allocations within a vault under strict, on-chain guardrails. They rebalance, harvest, and rotate between allowed pools to maximize risk-adjusted yield — all with transparent policies.
- Policy-bound decisions DAO-approved policy caps: slippage, daily turnover, drawdown, and an explicit pool allowlist.
- Explainability Each action emits a human-readable Note event (reason, signals, expected impact).
- Safety net Pause & kill-switch by multisig; time-boxed experiments; revert to baseline strategy at any time.
- Incentives Optional agent performance fee (bps) — payable only on realized excess over baseline; DAO-tunable.
| Guard | Default | Notes |
|---|---|---|
| Allowed pools | XPGN/USDT, XPGN/WBNB, USDT/WBNB | DAO-managed allowlist |
| Slippage cap | ≤ 0.25% | Per trade; enforced on-chain |
| Turnover cap | ≤ 50% TVL/day | Limits churn and gas burn |
| Drawdown guard | −8% rolling / 7d | Auto-pause & alert |
| Max position weight | ≤ 60% per pool | Prevents over-concentration |
XPGN Emissions — as deployed
Farming budget escrowed: 150,000,000 XPGN
Dripper: RewardDripperEscrow (DAO-owned). Starts at startTime, auto-switches to base after +90 days.
| Epoch | When | Rate source | Daily emission (how computed) |
|---|---|---|---|
| Super | Day 0 → Day 90 | Farm.RPB_SUPER_90D | ≈ (RPB × 86,400) / blockTime. With ~0.75s blocks → rps = RPB × 4/3; daily ≈ rps × 86,400. |
| Base Y1 | Day 90 → Day 365 | Farm.RPB_BASE_Y1 | ≈ (RPB × 86,400) / blockTime (same conversion). |
On-chain constants (RPB_*) define emissions; per-day depends on live block time.
| Pool | Share | allocPoint |
|---|---|---|
| PID0 — XPGN single-stake | 5% | 500 |
| PID1 — XPGN/USDT LP | 70% | 7000 |
| PID2 — XPGN/WBNB LP | 25% | 2500 |
stXPGN behavior
- stXPGN wraps PID0: deposit XPGN → receive stXPGN 1:1; withdraw burns stXPGN.
- Boost hooks wired (
BoostManager.setSources(stXPGN, Reputation)) so stXPGN can power boosts/governance per DAO params.
Liquidity seeding
Seeded 7,000,000 XPGN into LPs (not emissions): 80% → XPGN/USDT (PID1), 20% → XPGN/WBNB (PID2), plus stable/WBNB legs.
Community & Governance foundation
Early adopter benefits
- Genesis Farmer NFTs First 1,000 farmers receive badges with perks.
- Weighted governance Voting power = amount × duration staked.
- Validator priority Top contributors get allowlisted testnet → mainnet spots.
Incentives
- Referrals: +5% bonus APR for successful invites (DAO-tunable, sybil-resistant).
- Community: AMAs, tutorials, contests; ambassador stipends.
- Dev bounties: tools, dashboards, integrations.
Governance
- Parameter votes: farming weights, fees, emissions.
- Treasury allocation: transparent L1 dev spend.
- Partnership approvals & migration signaling.
Strategic vision: funding the future
Phase 0 turns DeFi activity into durable infrastructure funding — powering a Move-based L1 with native AI and RWA modules.
- AI-native AICM market for on-chain inference/training → AI-powered DeFi.
- RWA-ready Compliant registry: equity, debt, commodities, credits.
- Modular L2s First-class rollups with fee-sharing; zk-prover network planned.
- Sustainable econ 550M cap; DAO-controlled extensions; utility across gas/governance/staking.
Emissions, percentages, and schedules are subject to DAO approval and may evolve for security or market conditions. Not financial advice.