🎫Voting
$veBLACK holders govern which liquidity pools receive $BLACK emissions by voting, and in return, voters receive all trading fees and bribes from the pool for which they vote.
Instructions
For each of your Locks (veNFTs), distribute 100% of your Lock's (veNFT) vote-power among your preferred pools and cast your vote. Each Lock (veNFT) can only cast votes once per epoch. If you have increased your Lock's (veNFT) balance during the epoch, or if you have claimed your rebase votes, your incremental votes will be allocated proportionally among the selected pools where the original votes were cast. Unchanged votes will carry over into the next epoch, i.e. you only need to cast your votes once per each lock and the same will be carried forward for all subsequent epochs. You only need to re-vote if you want to change your allocations.
Click on VOTE and in the next screen you can distribute your voting power over the liquidity pools you would like to vote for:
veBLACK Voting Mechanism
Voting operates on a weekly cycle called an Epoch, which resets every 7 days. At the end of each Epoch, rewards are distributed exclusively to veBLACK holders who have voted for specific gauges (liquidity pools).
You earn revenue only from the pools you actively voted for during that Epoch. Remember that once you vote from a lock, that lock continues to vote on the same pools with the same allocation percentages automatically in every epoch until you decide to reset the lock. Trading fees and voting incentives are claimable as a lump sum after each Epoch concludes.
Timeline
Voting stops Wednesdays at 23:00 UTC for each epoch. No voting will take place in the final 1 hour of each epoch as this time is reserved for protocol operations/automations.
Rewards
Voting rewards for a given epoch will appear in your Portfolio after the epoch change on Thursday at 00:00 UTC. Rebase rewards for new locks will appear after the second epoch change.
Auto Voting
Locks that meet a certain token quantity thresholds are also eligible for Auto Voting. When switched ON, all locks of that lock will be designated to be voted by a simple algorithm that votes to the top pools to optimise your rewards. Please note that Auto Voting only optimises for rewards valued at current valuations, and does not consider longevity and sustainability of tokens it votes for. We recommend monitoring and claiming rewards regularly, as markets can be volatile. While Auto Voting is enabled, you can't extend, increase, or transfer your locks. You can disable Auto Voting at anytime, except during the last hour of the epoch.
Last updated