Comment on page
$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.Voting has several benefits that should be considered.
- Voting directs
$LVC
token 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
$LVC
rewards) - 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.
$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 $LVC
needed to fill the gap. This feature is provided by Velocore itself.In the front end, you will see a column that displays the voting APR.
This metric is calculated as follows;
Voting APR = Real-time bribe release (per sec) / (TV *$veLVC
price) * 31,536,000 * 100%
year = 31,536,000 (365d * 24h * 60m * 60s)
TV = Total Number of Votes
Last modified 4mo ago