VOLTSWAP
  • Introduction
  • Key Features
  • Official Links
  • Understanding ve (3,3)
    • Overview
    • Key Stakeholders
    • Ve (3,3) Process
    • Voting Stratgies
  • The VOLT Token
    • Value Accrual to VOLT with ve (3,3)
    • Token Supply and Emissions
    • Pre ve (3,3) VOLT Emissions
      • Volt Emission - Meter Mainnet
        • Previous Cycle Emissions
      • Volt Emission - Theta Mainnet
        • Previous Cycle Emissions
      • Volt Emission - Moonbeam Mainnet
        • Previous Cycle Emissions
  • 中文版文档
  • VOLTSWAP
    • Supported Assets
    • Supported Wallets
    • Meter Passport - Crosschain Bridge
    • Swapping Stable and Volatile Assets
    • Adding Liquidity
    • Staking LP tokens into the gauge
    • Vesting VOLT
    • Voting
    • Bribes
    • Rewards
      • Understanding Fee Revenue from Weekly Voting for veVOLT Holders
      • Understanding Emission Boost from Weekly veVOLT Voting for Liquidity Providers
      • Maximizing Returns through veVOLT Voting
    • Governance
    • Security
  • Tutorials
    • Transfer of Liquidity from Voltswap V1 to Voltswap ve (3,3)
    • Pre-requisites for Voltswap
      • Meter Mainnet
  • Setting up a wallet
    • MetaMask 101
    • Adding Custom Tokens to MetaMask
    • Setting up Networks
  • How to Bridge Funds
    • Meter Mainnet
    • Meter Passport - Operational Statistics
  • Transfer Funds from CEX
    • Meter Mainnet - Withdrawal from Gate.io
    • Meter Mainnet - Withdrawal from KuCoin
  • How to Vest VOLT
  • How to Add Liquidity
  • How to Stake LP token into the Gauge
  • How to Vote
  • How to Create Bribe
  • How to Claim Rewards
  • Understanding APRs
    • Liquidity Providers
    • veVOLT Holders
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  • veNFT Holders
  • Liquidity Providers
  • Protocols

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  1. Understanding ve (3,3)

Key Stakeholders

The key stakeholders in the ve (3,3) model are;

veNFT Holders

The protocol owners (veNFT Holders) can vest their governance token over a specific period (1 week to 4 years) to receive veNFT.

Vesting the governance token to get veNFT enables the users to;

  1. Vote to whitelist which tokens can be added to the Voltswap DEX for trading

  2. Vote to direct the weekly emission to pools of their choice. Conversely, veNFT holders also have the ability to downvote votes to prevent spam liquidity pools

  3. Earn 100% of swap fees from the pool on which they have voted

  4. Earn additional bribes by users/ protocols from weekly governance vote and whitelist when available

  5. Earn up to 2.5x boost on emission if the user also provides liquidity on the DEX

  6. Earn a portion of the token emission

Note: By specifying the lock expiry date, the veNFT holders can vest their governance token for any period ranging from 1 day to 4 years

Liquidity Providers

While playing the key role to provide liquidity to the DEX with the ve (3,3) model, the incentive design for Liquidity Providers changes from the traditional Uniswap style liquidity provisions.

What LPs earn;

  • 100% of the weekly token emissions

  • Boost of up to 2.5x if vesting veNFT

What LPs do not earn;

  • Swap fees (100% fees go to veNFT holders)

IMPORTANT: LPs can vest tokens sourced from the weekly emission or market into veNFT to earn higher revenue (Swap fees + Emission + Boost) from the protocol.

Protocols

Independent Protocol can participate in a number of ways in ve (3,3);

  • Yield optimization by vesting governance token into veNFT and earning swap fees from VOLTSWAP

  • Liquidity Enhancement by bribing veNFT holders to whitelisting the protocol token as well as direct weekly emission to the protocol tokens

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Last updated 1 year ago

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