Last updated
Last updated
The Flywheel Effect emphasizes the importance of bribes for partners, fostering effective collaboration to maximize system benefits. It can be achieved through various approaches, which can also be combined:
Emission Relocking: Our tokenomics supports partners in boosting their voting power. Continuously re-locking emissions not only enhances price stability but also increases flexibility in revenue generation processes. Protocol-owned liquidity is essential for this strategy.
Weekly Bribes: Higher bribes correlate with increased votes, leading to higher emissions and Pool APR. This offers several benefits, including expanding the holder base, increasing swaps/volume/fees, and potentially raising token prices.
Enhanced Rewards: Combining weekly bribes with emission relocking allows protocols to tailor revenue generation to their specific needs. By leveraging emissions and bribes to generate fees, protocols can increase rewards, revenue, and attract more voters to participate or engage with their pool.
Considering these strategies and conducting thorough calculations helps ensure protocols achieve a reasonable Return on Investment (ROI).
Bribes are extra incentives or rewards for voting aimed at drawing voters to specific gauges. Although anyone can set up a bribe, it's typically recommended for partner protocols. Users don't need to create a bribe to receive rewards; these are distributed through the voting process. Payments for bribe rewards go to all users who voted for gauges offering bribes in the previous epoch. Here are the steps to earn them:
Go to our website and navigate to the Vote section.
Select the gauge you're interested in by clicking "Add Bribe."
Choose a token from the approved list provided by Viridian.
Enter the amount of the token you want to use as a bribe.
Click "Add Bribe" and confirm the transaction.
Basically, the process works like this:
