VELOCORE V2
V1 DocszkSyncEraLineaTelos
  • Introduction
  • Our Philosophy
    • Vision
    • Gas Optimization
    • General Bedrock for All Kinds of AMM
    • Epoch-less Predictability
    • Free Flowing Easy Vote System
  • DEX Innovation
    • Token Vault
      • Flashloan
    • Gas Saving Matters : Benchmark
    • AMM Flexibility
    • Multi In/Out Swap
    • Batch Swap
    • Adjustable Trading Fee Mechanics
    • Accumulating Swap Fees in LP Tokens
  • ve(3,3) Innovation
    • Removing 'Epoch' Systems
      • Bribe Optimization
    • Fungible Votes ($veVC)
      • No Decay & Easy Liquidation
    • Decentralized Gauge Deployment
    • Rebase Elimination
  • Security & Contract Address
    • zkSyncEra Contracts
    • Linea Contracts
    • Telos Contracts
    • V1 zkSyncEra (deprecated)
    • Three Rounds of Audits
  • Technical Docs
    • Concepts
    • Architecture Overview
      • Source Files Overview
    • How to interact with VELOCORE
      • Uniswap compatible interface
    • How to Read Data
    • Example Codes
      • Swap
      • Add liquidity
      • Stake
      • Voting
      • Multicall operations
      • cf) wrapper functions
    • Typescript Examples for Integration
    • Pool Specifics
      • Generalized CPMM
      • Wombat Stableswap
    • Events & Chart Integration
      • Getting a pair list
      • Interpreting Swap / LP events
    • Flashloan
  • zkSync Era
    • Migration Plan
      • $VC 1:1 Exchange
      • veNFT -> $veVC
      • One-Step LP Migration
      • Migration Schedule
      • Emission Migration
    • V2 Tokenomics
      • $VC Gauge
      • Bribe Mechanics
      • $veVC VOTING
    • Paymaster as a Service
  • Linea
    • Launch Details
      • Getting Ready
      • Bridging
      • V2 Launch Event
      • $LVC Presale
    • $LVC Tokenomics
      • $LVC Gauge
      • Bribe Mechanics
      • $veLVC VOTING
  • Telos
    • Launch Details
      • Getting Ready
      • Bridging
      • Launch Event
    • $TVC Tokenomics
      • $TVC Gauge
      • Bribe Mechanics
      • $veTVC VOTING
  • Free Loot Box for Future Airdrops
  • PASSPORT - F'air drops
  • Legal Disclaimer
  • Velocore Brand Assets
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  1. Our Philosophy

Free Flowing Easy Vote System

The farming style voting everyone is familiar with

The existing system of Epoch and NFTs presents several obstacles that prevent users from smoothly navigating the vote-reward-bribe cycle. The primary challenges include:

  1. Voting power needs to be divided among each NFT for each Epoch, a process that is both cumbersome and gas-inefficient.

  2. After casting a vote, users are bound to their choice for a week, even if a whale votes for their pool and consequently diminishes their APR.

  3. A variety of tokens, including bribe and rebase tokens, are spread across different pools, making the calculation of actual profits complex and gas-intensive.

  4. From a protocol perspective, if a bribe is offered mid-Epoch, users might lack sufficient time to vote for the associated pool, potentially leading to an underrepresentation of deserved votes.

To address these challenges, we've transformed the voting process to resemble familiar farming mechanics. In this user-friendly approach, bribes are continually mined every second through the staking of veVC tokens.

Last updated 1 year ago

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