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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  1. Understanding ve (3,3)

Overview

Background

The ve (3,3) is the model envisioned by Andre Cronje while developing Solidly DEX on Fantom. The idea was to drive the synergy between 2 earlier successful models – ve (vote escrowed) model by Curve and (3,3) by OHM while removing the shortcomings of both.

The ve model of CURVE aimed to incentivize the liquidity providers on a DEX while getting as many users involved as possible in the governance of the protocol. The model requires users to vote lock emission token and acquire veToken.

The spirit of (3,3) - is simply “how can the community work together to maximize benefit”.

Introduction

With ve (3,3), VOLT holders can now lock their tokens for up to four years in return for veVOLT, a NFT that grants boosted voting power on gauge weights to decide which Voltswap liquidity pools get directed the most weekly VOLT emissions. veVOLT holders will receive all the swap fees from the gauge they voted for through bribes.

All the effects of ve(3,3) act in confluence to create a system in which swap fee performance is incentivized rather than total liquidity.

As veVOLT holders dictate which liquidity pools get more emissions and receive swap fees as a reward, liquidity providers are encouraged to compete for generating the most swap fees. Voltswap also provides a bribe market to aid in rewarding specific veVOLT voting activities.

The act of cooperation in common interests by participants with different objectives is manifested through veVOLT voting for concentrating emissions in gauges that generates more swap fees while liquidity providers aim to receive most of VOLT emissions by depositing liquidity in these highly incentivized gauges. This is the spirit of ve(3,3).

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Last updated 1 year ago

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