Last updated
Last updated
"Lock & GovEarn" is the process where DeFi participants can lock their assets on Viridian Exchange to earn additional income.
Stake in any Liquidity Pool to earn VIRI emissions or buy VIRI through the Exchange.
Lock VIRI to get veVIRI tokens.
Use veVIRI to vote for gauges and control how VIRI emissions are distributed.
Claim your rewards:
Emissions = VIRI.
Bribes = Core Rewards, Stables, Blue Chips, or Partner tokens (depending on your vote).
Trading Fees = VIRI, Stables, Blue Chips, or Partner tokens (depending on your vote).
Use the rewards earned to repeat STEP 1 and grow your veVIRI balance before voting again.
Participating boosts your voting power each epoch, affecting your rewards in the next one.
Your additional income stream comes from earning stablecoins, blue chips, and partner tokens by actively participating in governance each week. By voting for LPs using your veVIRI, you can earn their trading fees or receive bribes. Since Solidly's inception and Velodrome's improvements, DeFi participants have developed strategies to maximize this income stream.
