Voting

Voting

Users can lock veSLNA for a chosen period and vote for gauges. Gauges obtain shares of emissions corresponding to the votes they receive. Voting for gauges generating the most fees during periods of high trading volume offers users the largest economic incentives. However, users may also support gauges with lower volume to favor specific assets. The straightforward decision-making power of votes gives veSLNA a significant advantage.

Voting cycles last one week, and users need not vote again if they increase their locked tokens. Votes can only be changed after a week, ensuring stability in the bribe system. Voting for a gauge can benefit protocols aiming to enhance liquidity for their native tokens and increase incentives for the most productive gauges. All swap fees generated by a pool are automatically added to its gauge as bribes, enabling voters to collect fees from their chosen gauges. Gauges producing higher swap fees become more valuable and attract more votes.

Protocol Incentives and Epoch Rewards Protocols holding veSLNA can incentivize liquidity for their native tokens by voting for their gauges, raising SLNA distribution and collecting swap fees. Each epoch lasts one week, and rewards are distributed based on that week's votes. Voters can then claim their bribes.

Voting Summary:

Users can vote only once per week, starting when they cast their vote on a gauge. Clicking "RESET" clears votes on gauges, and users cannot vote until the duration ends. Votes are not counted after a reset, so bribes and fees do not apply, necessitating caution when using the RESET function. A "DELAY" error appears if users attempt to cast a vote after clicking reset.

Uses of Reset:

1. Reset enables users to withdraw locked SLNA after the voting period expires

2. Required for NFT transfers, unstaking the LP from the deposited gauge, and transferring the same LP.