Voting

• Voting process

  • Lock $L2X (ERC-20) into a $veL2X NFT (ERC-721) for 1 week - 2 years.

  • Vote for specific liquidity pools (e.g. USDC-WETH).

  • Collect voter bribes & fees only from pools you voted for.

• Epochs (2 weeks) last 14 days, after which bribes and trading fees are distributed.

• Voting weights are reset every epoch; users must vote each epoch to earn fees and bribes.

• Emissions Boost Procedure

  • Users vote for the liquidity pool, which updates the emission weight per epoch.

  • Keeper distributes emission to gauge per epoch.

  • The creator of the distribution transfers the emissions ($L2X) to the distributor (voter).

  • Keeper generates Merkle tree and updates Merkle root to Distributor

  • Users claim reward token with Merkle proof

• Keepers (bots) Procedure

  • Mint $L2X tokens per week

  • Collect pool fees per epoch

  • Distribute emissions to gauge per epoch

  • Create merkle tree for user per epoch

  • Update Merkle Root to Distributor per epoch