veCRST

Amplifying Governance

veCRST is the vote-escrowed version of CRST. Users can lock their CRST tokens for up to 2 years to receive veCRST. The longer the lock, the higher the veCRST voting power received.

To encourage continuous locking and sustained participation from stakeholders, the veCRST balance of users declines over time until it reaches zero at the conclusion of the initial locking period. veCRST positions can be increased, split, and resold on a secondary market.

veCRST Token Address: COMING SOON !!

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veCRST Utility

• Protocol revenue access: veCRST holders can vote for gauges on a weekly basis, and access 80% of the trading fees and 100% of the protocol incentives for the associated pool.

veCRST voters receive:

• Trading fees generated by the pool(s) they vote for

• Bribes deposited for the pools they vote for

• Weekly veCRST distribution (rebase)

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veCRST Specifications

• ve(3,3) Mechanics: The Olympus DAO combined with Curve's vote-escrow model as in the Solidly-initiated ve(3,3) concept.

• Gauge: A pool with dynamic CRST rewards based on veCRST weekly voting allocation. No negative voting.

• Protocol Incentives: Custom token amounts paid by third parties on a gauge to veCRST holders in exchange for their votes.

• Max Lock: 2 years.

• Flexibility: veCRST positions can be merged, split, and sold on the secondary market.

veCRST holders play a crucial role in determining the allocation of emissions among liquidity pools during each epoch. Emissions are distributed proportionally based on the total votes received by each liquidity pool. Voters receive 100% of the trading fees and bribes collected from the liquidity pool they have voted for.

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Rewards

Voting yields several benefits:

1

Directing CRST incentives

Your vote influences the allocation of CRST token incentives. By voting according to your preferences, you shape the distribution of rewards.

2

Pro-rata share of trading fees

When you vote on a pool, you become eligible for a pro-rata share of all trading fees generated by that pool. This benefit applies exclusively to LPs staked to receive CRST rewards.

3

Pro-rata share of bribes

Voting on a pool also grants you a pro-rata share of all bribes added to the pool by third parties. Throughout an epoch, bribes can be contributed at any time. A snapshot of votes is taken at the end of each epoch (time to be set).

Casting your vote before the epoch snapshot is crucial to qualify for rewards. Voting transactions incur gas fees. If you skip voting in any week, rewards still go to the gauge but you will miss out on your proportional share.

Additional reward mechanics

• Trading fees and bribes are claimable as a lump sum after the epoch has ended.

• You must vote weekly to be eligible for the fees and bribes.

• You can change or reset your vote at any time.