Governance
The protocol uses ve(3,3) governance where token holders lock assets for voting power and direct lottery probability to vaults.
Why participate
| Benefit | Mechanism |
|---|---|
| Voting power | Direct lottery probability to preferred vaults |
| Fee share | Earn 9.61% of trading fees pro-rata |
| Bribes | Protocols pay for your votes |
How it works
- Lock ■TOKEN or ▢TOKEN in ve4626 (7 days to 4 years)
- Vote for vaults each epoch (weekly)
- Earn rewards from fees and bribes
- Claim after epoch ends
Voting power decays linearly over the lock period.
Epochs
Voting operates in 7-day epochs starting Thursday 00:00 UTC.
- Vote during the epoch
- Votes determine probability for that epoch
- Claim rewards after epoch ends
Probability direction
Vaults with more votes give their buyers higher lottery win rates.
Vault votes / Total votes = Probability boost
Contracts
| Contract | Purpose | Documentation |
|---|---|---|
| ve4626 | Lock tokens, get voting power | API |
| VaultGaugeVoting | Cast and track votes | API |
| VoterRewardsDistributor | Claim fee rewards | API |
| BribeDepot | External vote incentives | API |