How it works

Lock, Vote & Earn

  1. Lock STELLA to receive veSTELLA

Your voting power and earnings potential is dependent on the amount of veSTELLA you hold.

  • The more STELLA you lock, the more veSTELLA (Voting Power) you’ll get

  • The longer you lock, the more veSTELLA you’ll get

  1. Vote

Actively vote on the most productive pools to maximize your earnings. You’ll earn directly from the pools that you voted as all trade fees accumulated will be given to Voters of the pool.

Important Note: Vote Power Decay

Your voting power will decay linearly with time. This means your veSTELLA power will decrease everyday. For example, a Lock duration of 1-Month means that your veSTELLA power reduces by ¼ every epoch. Lesser voting power = lesser share of protocol revenue = lower earnings. Depositing your Lock into an Auto-Strategy mitigates the decay as your STELLA is continually compounded to ensure it is not affected by daily decay.

Here's an example of how your voting power decays ⬇️

There are two ways to vote:

  1. Vote with 100% of your voting power to one pool

  2. Or split your voting power across many pools

Voting will occur every 7 days (Epoch), with each Epoch ending at 23.59 UTC on Thursdays.

  1. Earn

At the end of the voting period, voters will achieve the following:

  • Direct STELLA rewards towards pools they have voted for

  • Earn swap fee for the pool they have voted for

  1. Functions

There are several functions for managing your lock.

You can increase your voting power by Increasing Lock, simply by locking more STELLA into your existing locks. This would be useful if you're looking to focus on your existing locks instead of creating new locks.

  1. Additional Earnings: Bribes

Extra incentive can be earned from bribes. Platforms or any user can bribe veSTELLA holders for their votes towards a specific pool.

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