veSLV Utility

veSLV holders are at the heart of the solve3 ecosystem and are rewarded through various protocol growth-encouraging systems.

veSLV gives voting rights to the protocol. These rights give:

• Trade fee sharing: veSLV holders can vote on a weekly basis for the liquidity pool of their choice in exchange for 100% of the trading fees earned during that epoch, as well as any bribes placed for the associated pool.

• Emissions steering: Voted pools earn SLV rewards based on their proportion of veSLV votes cast from the previous week. All pools are competing for a limited amount of weekly SLV emissions, and by extension are competing for veSLV voters' attention.

• Voting on future DAO proposals

Voting

Voting occurs in weekly epochs. Epochs last for 7 days. At the end of the epoch the bribes and trading fees are distributed. You earn only from the gauges (pools) you have voted for.

• Trading fees and bribes are claimable as a lump sum after the next Epoch has ended (n+2)

• You have to vote weekly in order to be eligible for the fees and bribes, unless you use an optimizer

• You can change or reset your vote at any time

• Vote weights reset each Epoch. You need to vote every Epoch in order to earn the bribes and trading fees.