Revenue share to $veBLADE
Bladeswap operates with two primary revenue streams:
Swap fees paid by traders (also known as LP fees)
Blast native yield from ETH and USDB rebase yields
These sources ultimately derive from LP-generated fees, kickstarting the protocol's flywheel.
Fee distribution:
V2 (Constant Product MM) pools: 100% of trading fees
V3 (Concentrated Liquidity) pools: 40% of trading fees
These fees are directed to each pool's gauge as bribes for voters.
veBLADE holders (locked BLADE tokens) can:
Vote & claim real-time bribes from voted pools
Allocate $BLADE emissions to pools based on voting weight
V3 LPs get 60% of trading fees back due to:
Higher capital efficiency
Greater fee generation potential
Compensation for impermanent loss (IL)
This structure ensures V3 LPs are adequately rewarded beyond their IL exposure.
Bladeswap's unique real-time voting system eliminates wasted emissions, allowing token holders to create a positive feedback loop. This system enables users to concentrate emissions on the most profitable pools, effectively nurturing and optimizing their returns.
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