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

PreviousActors in L2XNextBribes

Last updated