$veLVC VOTING
Only $veLVC can be used to vote. Unlike typical ve(3,3) DEXs, Velocore V2 operates without epochs. $veLVC holders can vote at any time and for any pool they want, with the flexibility to change their vote as needed. Emission of rewards occurs in real-time, eliminating concerns about potentially missing out on rewards due to voting patterns.
Rewards
Voting has several benefits that should be considered.
Voting directs
$LVCtoken incentives. So if you care about this, vote accordingly.Voting on a pool grants you a pro-rata share of all the trading fees of the pool you voted on. (Only the LPs that are staked to receive
$LVCrewards)Voting on a pool grants you a pro-rata share of all the bribes that are added to the pool by any 3rd party. Bribes can be added to a pool at any time. Bribes are released according to a schedule set by the briber in advance. Bribe rewards are available at any time similar to the farming rewards.
How to get $veLVC?
$veLVC?$veLVC can be minted on a 1:1 basis with $LVC as the default. However, since Velocore V2 supports trading via $veLVC/$LVC pair, the price of $veLVC is not always equal to $LVC. To avoid confusion and ensure optimal cost for acquiring $veLVC, if a user tries to mint $veLVC when the price of $veLVC is lower than $LVC,Velocore will automatically purchase $veLVC from the market and only mint the amount of $LVC needed to fill the gap. This feature is provided by Velocore itself.
Voting APR
In the front end, you will see a column that displays the voting APR.
This metric is calculated as follows;
Voting APR = Real-time bribe release (per sec) / (TV *
$veLVCprice) * 31,536,000 * 100%
year = 31,536,000 (365d * 24h * 60m * 60s)
TV = Total Number of Votes
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