🙌Vote to Earn

Using veZARD to Vote on Farms and Earn Reward

Characteristics of Voting:

• Voters earn income only from the gauges or pools they vote on.

• Bribes and trading fees will be distributed and rewarded every 1-week epoch.

• Voters need to vote every week to receive rewards for that week.

• If a voter fails to vote in any given week, they will not receive the reward for that week.

• Voters can pre-approve votes for the following epochs.

• Voters can vote and change their vote at any time.

Voting Mechanism:

• Users will use their veZARD to vote for a Gauge or Pool.

• The more votes a Gauge or Pool has, the more ZARD rewards will be shared for LP Farming from ZARD Generation.

• Voters will receive income from two main sources:

1. Incentives from the bribe for the respective gauge.

2. Trading fees from the respective gauge.

Chain Structure and Business Model:

LP Farming and Voting are the two core functions of the entire system and are closely related to each other.

For LP Farmers: Incentives for farming from ZARD Generation are constant and will be divided among the Gauges according to the percentage of votes. The more votes a Gauge has, the more rewards the Farmer gets.

For Voters: Voters will receive 100% of the transaction fee and 100% of the bribes for the respective gauges. Initially, when the gauge has few transactions, the collected fee is low, and voters will limit their voting for these gauges. To promote voting, LP Farmers tend to make bribes for the gauge, and voters will benefit from this.

In short, Voters tend to vote for liquid pairs with lots of transaction fees or liquid pairs with lots of bribes. LP Farmers tend to create more liquidity and participate in LP farming for pairs with many votes. Thanks to the mutually motivating relationship, the liquidity of the gauges is increasingly expanded and more stable.