🦃 Turkey Floats Into Blackhole

**Epoch 28 Distribution Complete** veBLACK holders received $275,000 in rewards for epoch 28, with earnings automatically distributed to wallets just for holding and voting. **Season 8 Now Active** - Live until February 19th with 7M veBLACK in rewards - Requires supermassive locks worth 2,000+ veBLACK - Season 7 participants already received their 8M veBLACK distribution **Key Metrics** - Over 21.5M $BLACK burned in Season 7 - Current effective rebate rate: 34% - Protocol generated $2.05M+ in fees over last 8 epochs - Average weekly fees: $256.1K *All protocol revenue flows directly to veBLACK holders weekly through voting rewards and fee distribution.*

BlackholeDEX has announced **Escape Velocity Season 8**, continuing their seasonal program for the DeFi community. **Key Details:** - New season follows the recent Season 7 launch from mid-January - Program appears to be part of BlackholeDEX's ongoing engagement initiatives - Full details available in their official announcement The rapid succession of seasons (7 and 8 launching within two weeks) suggests an accelerated rollout schedule for the platform's incentive programs. [Read the full announcement](https://paragraph.com/@blackholedex/announcing-escape-velocity-season-8)

**Major Distribution Event** A significant $35 million allocation is being distributed exclusively to veBLACK token holders on the Avalanche network. **Recent Reward Activity** - Epoch 28 saw $275,000 in rewards distributed to veBLACK holders - Weekly earnings are automatically credited to holders' wallets - No active voting required - passive holding generates rewards **Key Details** The distribution represents a substantial reward mechanism for veBLACK token holders, with the entire allocation confined to the Avalanche blockchain ecosystem. This follows a consistent pattern of weekly reward distributions to the community.

**Epoch 28 Voting Closes Soon** Blackhole's current voting epoch offers over **$275,000 in rewards** exclusively for veBLACK token holders, with just 5 hours remaining to cast votes. **Recent Incentive Additions:** - $SUPER/$BLACK pool: $19,500+ from SuperVerse - Top liquidity pools ($BTC.b/$WAVAX, $ID/$WAVAX, $WAVAX/$BLACK): $13,000+ - Additional pools ($WAVAX/$MOANI, $BLACK/$KET): $5,000+ **Context:** - Epoch 27 distributed over $320,000 to veBLACK holders - Epoch 26 reached $360,000 in rewards - Consistent high-value reward distribution across recent epochs The voting mechanism allows veBLACK holders to direct liquidity incentives across various trading pairs while earning passive income from their governance participation. *Vote before the epoch ends to claim your share of rewards.*

**veBLACK** has launched a new rewards mechanism for token holders: - **Create a veNFT** to participate in the protocol's governance system - **Vote weekly** on protocol decisions and reward distributions - **Earn protocol fees** proportional to your token lock duration The system builds on veBLACK's existing model where users lock $BLACK tokens to obtain veBLACK voting power. Previous epochs have distributed significant rewards, with over **$530,000** allocated to veBLACK holders in epoch 20. The weekly cadence allows participants to actively engage with protocol governance while earning consistent returns. Longer lock periods result in higher fee distributions, incentivizing long-term commitment to the protocol. This vote-escrowed model aligns token holder interests with protocol growth by tying rewards directly to participation and lock duration.