Blackhole

**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.

**Blackhole Protocol Revenue Update** Blackhole has generated **over $2.05M in fees** across the last 8 epochs, averaging **$256.1K per week**. **Key Points:** - All protocol revenue flows directly to veBLACK token holders - Weekly distribution model ensures consistent rewards - Recent epoch saw trading volume exceed $500M The protocol maintains its commitment to distributing 100% of fees to veBLACK holders through weekly payouts, creating a direct value capture mechanism for token holders.

The Escape Velocity Season 7 has resulted in over 14 million $BLACK tokens being burned from circulation. **Key Details:** - 14,000,000+ $BLACK tokens removed from supply - Burn occurred during Escape Velocity Season 7 - Represents continued deflationary mechanism for the token **Context:** This burn follows previous seasons of the Escape Velocity program, which has consistently reduced $BLACK token supply. Season 5 saw 7.4 million tokens burned, indicating Season 7's burn rate has nearly doubled. Token burns permanently remove cryptocurrency from circulation, potentially increasing scarcity and value for remaining holders.

**Blackhole Protocol** has completed epoch 20 voting, distributing over **$530,000 in rewards** to veBLACK holders. **How it works:** - Lock $BLACK tokens to obtain veBLACK - Use veBLACK to vote for liquidity pool rewards - Receive weekly distributions based on voting participation **Recent incentives added** include $13,000 across multiple pools: - $WETH.e / $KIGU - $SUPER / $BLACK - $BTC.b / $USDt The protocol operates on a **weekly voting cycle**, with epochs ending every Wednesday at 11:00 PM UTC. Previous epochs have seen substantial rewards, with epoch 18 distributing $740,000+ to voters. **Escape Velocity Season 5** remains active with rebate programs for users creating supermassive veNFTs worth 2,000+ veBLACK. Voting for the next epoch is now open at [blackhole.xyz/vote](https://blackhole.xyz/vote).

**Blackhole** has made cross-chain bridging accessible to everyone with their new multi-chain bridge feature. **Key Features:** - Bridge tokens from multiple blockchain networks - Direct deposits to any specific wallet address - Streamlined process: Bridge → Deposit → Earn The platform recently upgraded their bridging infrastructure, allowing users to **send tokens to different addresses** on destination chains. This enhancement makes asset transfers more flexible and user-friendly. **How it works:** 1. Visit the bridge interface 2. Select source and destination chains 3. Specify target wallet address 4. Complete the transfer The service aims to simplify cross-chain transactions for both newcomers and experienced users. [Access the bridge](https://blackhole.xyz/bridge)

Turkey made an unexpected journey into the blackhole today on Thanksgiving. The timing coincides with the holiday celebration, creating an unusual cosmic event. - Turkey's gravitational encounter occurred during traditional feast day - Blackhole activity noted on November 27th - Holiday greetings extended despite the astronomical occurrence This marks another instance of turkey-related space phenomena during the holiday season.

The **Blackhole Foundation** executed a significant buyback of over **2.58 million $BLACK tokens**, valued at approximately **$132,000**. The purchased tokens will be allocated to support various **ecosystem initiatives** moving forward, demonstrating the foundation's commitment to strengthening the Blackhole ecosystem. This buyback follows the foundation's previous token management activities, including a **20 million $BLACK token burn** earlier this year for future Escape Velocity Seasons. The foundation continues its strategy of **aggregating and burning tokens** to support community members and ecosystem participants.

**Major Token Burn Activity** Blackhole protocol saw **6.6M+ $BLACK tokens burned** in just one week, with all burns qualifying for Season 4 of the Escape Velocity rebate program. **Key Benefits:** - Rebates stack on top of existing veBLACK holdings - **Higher voting power** for participants - Enhanced rewards through the ve33 flywheel mechanism **Recent Context:** - Season 3 previously saw 11.1M $BLACK burned over 14 days - Weekly voting rewards consistently exceed $900K for veBLACK holders - Multiple liquidity pools receiving substantial incentives ranging from $15K to $185K **How It Works:** Users who burn $BLACK tokens receive veBLACK, which provides voting rights on liquidity pool incentives. The rebate program amplifies this by giving additional veBLACK to qualifying participants. [Vote for rewards](https://www.blackhole.xyz/vote) | [Create locks](https://www.blackhole.xyz/locks)

**ARTERY ($ARTERY)** from Artery_Chain has officially launched on BlackholeTrading platform. Key features now available: - Token depositing - Staking functionality - **USDC/ARTERY** trading pairs The launch provides users with immediate access to staking rewards through the BlackholeTrading interface. This represents Artery_Chain's entry into the DeFi staking ecosystem. Traders can now deposit ARTERY tokens and participate in staking mechanisms paired with USDC.