Viridian FAQs:

Whats Viridian?

Viridian is an AMM (Automatic Market Maker) designed to provide large liquidity, low swapping fees, and low slippage.

What’s the difference between Viridian and a normal DEX?

Viridian's model incentivizes liquidity by giving token-lockers the right to vote in favor of a liquidity pool of their choice in order to increase $VIRI emissions distributed to it.

On which blockchain does Viridian runs?

Viridian runs on Core EVM.

What’s Viridian’s native tokens?

• $VIRI — ERC-20 utility token of the protocol.

• $veVIRI — ERC-721 governance token in the form of an NFT (non-fungible token).

• $VIRI is employed for rewarding liquidity providers through emissions.

• $veVIRI is used for governance.

Any$VIRIholder can vote-escrow their tokens and receive a $veVIRI (also known as veNFT) in exchange. Additional tokens can be added to the $veVIRINFT at any time.

What’s the role of veVIRI in the protocol?

veVIRI is a governance instrument used to manage the distribution of VIRI emissions among the different LPs. In order to increase the share of VIRI emissions distributed to a certain pair, veVIRI holders can vote to favor it over the other LPs. The longer the vesting time, the higher the voting power (voting weight) and rewards the veVIRI holder receives. The lock period (also known as vote-escrowed period, hence the ve prefix) can be up to 4 years, following the linear relationship shown below:

• 100 VIRI locked for 3 month = 25 veVIRI.

• 100 VIRI locked for 6 month = 50 veVIRI.

• 100 VIRI locked for 9 month = 75 veVIRI.

• 100 VIRI locked for 12 month = 100 veVIRI.

What are the benefits of such a system?

This system intuitively bolsters pairs with the highest value for the ecosystem, distributing liquidity where it is most needed.

What actions do I need to do to earn the 3 types of rewards available at Viridian?

In return, users obtain 3 different types of rewards:

Voting:

• 100% of the trading fees generated by the pairs they vote for.

• Any bribes directed toward these pairs.

• $VIRI emissions at that farm.

What do Bribes entail, and what purposes do they serve?

Bribes are optional external incentives deposited in gauges to boost their returns. To secure a larger portion of the emissions allocated to their gauges (LP), other protocols may provide Bribes (voting rewards) to encourage voters to vote for those specific gauges.

How do I get Bribes rewards (voting rewards)?

1. Choose the veVIRI NFT you wish to vote with. The top NFT is automatically selected initially.

2. Distribute the voting power among your favorites gauges.

3. Evaluate your selected gauges and click CAST VOTES to cast votes for all of them simultaneously, utilizing 100% of your voting power.

4. Wait for each epoch to transition (timer is visible) to claim your weekly trading fees and bribes rewards.

What’s the FlyWheel Effect?

The Flywheel Effect is designed to help partners recognize the significance of bribes. This lays the foundation for collaboration in which the benefits of the system are utilized effectively.

What’s a gauge?

Gauge is the term used to refer to vote-able farms.

What’s the intended in-app workflow?

• Swap tokens

• Pools: Add Liquidity & Stake.

• Vote: Use your veVIRI tokens to vote for a specific LP and increase the share of VIRI emissions that get distributed to it. Bribes = Create a Bribe for the gauges of your choice (Protocols only).

• Locks: Lock your VIRI tokens in order to get veVIRI.

• Rewards: Claim your trading fees, Bribes rewards from the LP you have voted for and emissions.

Core EVM FAQs:

What is Core DAO?

Core DAO exists to build the Satoshi Plus ecosystem starting with the launch of the Core blockchain. We are building Web3 infrastructure & promoting public blockchains built on Bitcoin’s PoW combined with Ethereum’s EVM.

What are the main values of Core DAO?

Core DAO’s vision is a society where everyone, globally, has the same opportunity to participate and where people are free to choose how they participate in the society. Our mission is to build a new world economic system based on Satoshi Plus consensus that is decentralized, permissionless, and open to everyone. We believe that:

• Code is law - in math we trust

• Anyone can contribute - permissionless

• Everyone is free to choose what they like - community driven

• No one is above the law

Who are the people behind Core DAO?

The Satoshi Plus consensus was built by an anonymous group of contributors and will be released as an open source project to the public. CoreDAO is made up of a decentralized group of contributors building the Core blockchain and supporting the Satoshi Plus ecosystem.

What is Core DAOs biggest benefit compared to other L1s?

The Core Blockchain runs on Satoshi Plus consensus - a combination of PoW and DPoS (delegated BTC hashpower and delegated CORE staking). This combination enables the Core blockchain to have the scalability and security of other L1's with the addition of the decentralization only Bitcoin's PoW can provide. Decentralization via Bitcoins PoW, combined with EVM compatibility, and governance.

What is the role of the Bitcoin network in Satoshi Plus consensus?

Delegated Bitcoin hash rate is a factor in Satoshi Plus hybrid score used for electing validators.

It's extremely unlikely - but what happens to satoshi plus if the Bitcoin network goes offline?

Satoshi Plus would still run but be closer to a standard DPoS system

How do BTC miners help in the Satoshi Plus consensus?

They help decentralize the validator set and make it more resilient to attack.

After delegating, does original hash power for BTC mining gets reduced?

When BTC miners delegate their hash power there is no impact on their BTC mining or earnings - they simply get the benefit of earning CORE in addition to BTC.

Will Core chain have it's own stable coin?

For now there is no plan to issue a Core chain native stable coin.

How do the BTC miners contribute to the Core network?

BTC miners delegate their hash power to the Core blockchain. For this they will earn Core tokens.