Vote
Only $veBLADE
can be used to vote. Unlike typical ve(3,3) DEXs, BladeSwap operates without epochs. $veBLADE
holders can vote at any time and for any pool they want, with the flexibility to change their vote as needed. Emission of rewards occurs in real-time, eliminating concerns about potentially missing out on rewards due to voting patterns.
Rewards
Voting has several benefits that should be considered.
Voting directs
$BLADE
token incentives. So if you care about this, vote accordingly.The Blast's native yield for liquidity can only be obtained through voting. All native yields are offered as bribes to the pools and distributed to the voters.
Voting on a pool grants you a pro-rata share of all the trading fees of the pool you voted on. (Only the LPs that are staked to receive
$BLADE
rewards)Voting on a pool grants you a pro-rata share of all the bribes that are added to the pool by any 3rd party. Bribes can be added to a pool at any time. Bribes are released according to a schedule set by the briber in advance. Bribe rewards are available at any time similar to the farming rewards.
How to get $veBLADE
?
$veBLADE
?$veBLADE
can be minted on a 1:1 basis with $BLADE
as the default. However, since BladeSwap supports trading via $veBLADE
/$BLADE
pair, the price of $veBLADE
is not always equal to $BLADE
. To avoid confusion and ensure optimal cost for acquiring $veBLADE
, if a user tries to mint $veBLADE
when the price of $veBLADE
is lower than $BLADE,
BladeSwap will automatically purchase $veBLADE
from the market, and only mint the amount of $BLADE
needed to fill the gap. This feature is provided by BladeSwap itself.
Voting APR
In the front end, you will see a column that displays the voting APR.
This metric is calculated as follows;
Voting APR = Real-time bribe release (per sec) / (TV *
$veBLADE
price) * 31,536,000 * 100%
year = 31,536,000 (365d * 24h * 60m * 60s)
TV = Total Number of Votes
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