The ICO page for $DXLYN is live on CommonFund.
This is where you can see what we have shipped, how the raise works, and what we still need to deliver before more funds unlock.
If you are looking at $DXLYN, this post is your brief. It covers:
- What we are building on Supra
- The key numbers on the ICO page
- How CommonFund’s milestone based funding works
- What the milestones are
- How your Citadel vault position can plug in
- Who can and cannot join
Dexlyn on Supra in simple terms
We are building Dexlyn as the flagship DeFi stack on Supra Layer 1.
Our goal is to give you a complete trading setup on Supra, not just one more DEX. The current product line looks like this.
Perpetuals (live on Mainnet)
Our perps platform lets you take leveraged long and short positions on supported assets. Execution is on chain, settlement is fast, and your positions stay transparent.
DEX (live on Mainnet)
Our token DEX lets you swap, create liquidity pools, and trade while keeping custody of your funds. Pricing is automated, fees are low, and trades clear quickly so you can focus on the move, not the wait.
CLMM (live on Testnet)
Our concentrated liquidity model lets you choose price ranges instead of spreading capital across the full curve. This improves your capital efficiency, tightens spreads, and helps APR if you are an active LP.
Bridge (live on Mainnet)
Our bridge brings assets like USDC from Ethereum into Supra. Once bridged, you can trade or deploy those assets across Dexlyn with lower latency and lower cost.
Supra Name Service (SNS)
SupraNS gives your wallet a human readable name. Your activity across Dexlyn and other Supra protocols can link back to that name instead of a random string.
Launchpad
Our launchpad helps new Supra projects raise capital with everything tracked on chain. You get early access. Builders raise directly in the ecosystem you are already using.
All of this is aimed at one outcome: we want Dexlyn to sit at the center of trading flow on Supra.
The $DXLYN ICO is the route for you, as a Supra holder, to back that stack.
Token summary from the ICO page
Here are the key token details for $DXLYN on CommonFund:
- Token name: Dexlyn Labs
- Symbol: $DXLYN
- Network: Supra network
- Token supply: 100,000,000
- Fully diluted valuation (FDV): 33,000,000 USD
- Price: 264 SUPRA per $DXLYN
- Initial market cap: 1,056,000,000 SUPRA
- Minimum contribution: 10,000 SUPRA
- Maximum contribution: 10,000,000 SUPRA
Raise targets:
- Soft cap: 132,000,000 SUPRA
- Hard cap: 264,000,000 SUPRA
- Extended hard cap: 396,000,000 SUPRA
If you choose to join, you contribute in SUPRA only.
Allocations are first come, first served inside the min and max range.
On eligibility:
- If you are based in the USA, you cannot participate in this sale
- Some other regions are also restricted
You can check the full legal and regional list on the live CommonFund page.
How the CommonFund model works
CommonFund uses milestone based funding.
Here is how it works for you:
- The funds you and others contribute sit in escrow, not in our wallet
- Funds unlock in stages when we hit clear milestones
- Each milestone has a specific delivery target
- If a milestone is not hit in a reasonable window, CommonFund can delay, reallocate, or move toward refunds
For you as a contributor, that means we have to keep shipping to unlock the next chunk of capital.
For us, it acts like a public contract with you:
- Here is what we plan to build
- Here is how much unlocks when we deliver it
- Here is what stays locked until the next step
The $DXLYN ICO page documents these milestones and unlock conditions so you can see them before you decide.
How you join through a Citadel vault
If you are in a Citadel Vault, your path is a bit different from someone who only holds liquid SUPRA.
Inside a Citadel vault you have:
- Principal in SUPRA
- Rewards earned on that principal
When you contribute through a Citadel round into the Dexlyn ICO:
- You choose how much principal you want to move
- The contract calculates the proportional rewards linked to that principal
- Both principal and proportional rewards move together
- You receive $DXLYN based on the combined total
Example 1
- Your deposit: 100,000 SUPRA
- Your rewards: 11,112 SUPRA
- You choose to contribute 10,000 SUPRA of principal
The vault sends:
- 10,000 SUPRA principal
- 1,112 SUPRA rewards
- 11,112 SUPRA total
You receive $DXLYN for 11,112 SUPRA.
This is why your SAFT can show a larger number than the figure you typed. The SAFT reflects your principal plus attached Citadel rewards.
Example 2, partial transfer
- Your deposit: 100,000 SUPRA
- Your rewards: 11,112 SUPRA
- You choose to move 95,000 SUPRA principal
The vault:
- Adds the matching rewards for that 95,000
- Transfers 105,556.4 SUPRA total for the ICO
- Leaves 5,000 SUPRA principal, plus its rewards, inside Citadel to keep earning
Key reminders if you use Citadel:
- You do not lose tokens in this route
- Your principal and rewards move together by design
- You receive project tokens for the full transferred amount
If you join through Citadel, you receive your SAFT documents about one week after the sale ends, once calculations and checks are complete.
Before you confirm a Citadel contribution, you will be asked to accept that:
- The vault will move your principal and proportional rewards together
- Your SAFT will show the combined total
- You receive $DXLYN for that combined number
What we have already cleared
Before the ICO page went live, we had already moved through several checkpoints.
For example:
- Community funding target reached
- Core perps architecture completed
- Upgrade and token launch roadmap finalized and shared
On the product side, we already have:
- Perps on Mainnet
- AMM DEX on Mainnet
- Bridge from Ethereum to Supra
- Supra Name Service live
- A launchpad foundation
- Early trading game test phases
So when you look at the ICO, you are not looking at a blank slate. You are looking at a protocol that is already live on Supra and moving forward.
Roadmap around the $DXLYN sale
Here is how our rollout lines up around this year and the ICO.
Delivered on the way to the sale
- Late August 2025
CLMM on Testnet - Mid September 2025
Perpetuals on Mainnet - Early October 2025
Trading Game on Mainnet
DXLYN tokenomics integration on Mainnet - Mid October 2025
CLMM on Mainnet
These pieces harden the trading and LP experience before more capital and governance move into $DXLYN.
Around the CommonFund sale
- November 2025
CommonFund public sale for the $DXLYN token
DXLYN tokenomics integration on Testnet
This phase is about keeping the live protocol, the token model, and the raise moving together, not in separate tracks.
Milestone 2: Successful Token Generation Event (TGE)
The second milestone is our $DXLYN Token Generation Event.
TGE is the point where we:
- Officially launch $DXLYN
- Distribute tokens to you and other contributors
- Distribute the other allocations in the tokenomics model
It also activates the ve style token model and the buyback loop.
We use controlled inflation tied to validator rewards and buybacks. Platform fees from our perps trading portal are used to buy DXLYN from the market and route value to veDXLYN holders. The goal is a feedback loop between trading activity and token demand.
During this milestone, DXLYN distribution happens across:
- Team
- Private sale and investors
- Public sale
- Foundation
- Airdrops and community incentives
following the tokenomics.
Tokenomics summary for this milestone
Key points for you to know:
- Soft cap: 132,000,000 SUPRA
- Hard cap: 264,000,000 SUPRA
- Extended hard cap: 396,000,000 SUPRA
- Model: vote escrow with controlled inflation
- Emissions: start at 2 percent for an initial period, then step down to 1 percent with decay over time
- Buyback: platform fees used to repurchase DXLYN and redistribute to veDXLYN holders
Allocation breakdown:
- Team: 15 percent (15,000,000)
- Private sale and investors: 1 percent (1,000,000)
- Public sale: 1.5 percent (1,500,000)
- Foundation: 20 percent (20,000,000)
- Airdrops and community incentives: 30 percent (30,000,000)
Fund release condition
Once TGE is completed and DXLYN token distribution is verified against the tokenomics, the remaining 50 percent of the funds raised are released from escrow to us.
Contingency
If the launch is delayed, incomplete, or there are unresolved issues, CommonFund can withhold, reallocate, or refund funds.
Who can join and what you should keep in mind
If you are thinking about joining the ICO, here are the basic rules:
- You contribute in SUPRA only
- Allocation is first come, first served within min and max limits
- If you are in the USA or another restricted region, you cannot join
- You can find the full legal and regional list on the CommonFund page
And a clear risk note for you:
- This is a speculative contribution
- You can lose part or all of the capital you commit
- Nothing here is financial advice
- If you are not sure, speak with a professional advisor and size your position based on your own risk tolerance
How to use this blog with the ICO page
The clean way for you to approach this:
1. Read this post fully
So you have a clear view of what we have built and how the raise structure works.
2. Open the $DXLYN page on CommonFund
Check the live raise numbers, caps, timelines, and regional rules.
3. Review
- Raise targets in SUPRA
- Milestone definitions and unlock logic
- Citadel specific details if you use vaults
- Eligibility and KYC rules that apply to you
4. Then decide
- Whether you want exposure to $DXLYN
- How much SUPRA you are comfortable committing under these conditions
We will keep shipping on Supra.
The $DXLYN ICO page on CommonFund is now the public map that connects our work to the token, the milestones, and the raise you may choose to join.