veRCT
Lock your $RCT into veRCT to start accessing the revenue of Reactor Finance
Last updated
Lock your $RCT into veRCT to start accessing the revenue of Reactor Finance
Last updated
veRCT UtilityProtocol revenue access: veRCT holders can vote for gauges on a weekly basis, and access 90% of the trading fees and 100% of the voting incentives for the associated pool.
Governance participation: veRCT holders can partake in governance and cast votes for the protocol improvement proposals.
veRCT voters receive:Trading fees generated by the pool(s) they vote for.
Voting incentives deposited for the pools they vote for.
Weekly veRCT rebase (early adopter anti-dilution mechanics).
veRCT Specificationsve(3,3) Mechanics: The Olympus DAO anti-dilution method, commonly known as the rebase mechanism, is combined with Curve's vote-escrowed model in the Solidly-initiated ve(3,3) Mechanics concept. To safeguard veRCT holders from dilution and to enable a dynamic distribution of veRCT among participants over time, the anti-dilution level has been capped at 30%.
Gauge: A pool with dynamic $RCT rewards based on veRCT weekly voting allocation.
Voting incentives: Custom amount of tokens deposited by a protocol on a gauge to veRCT holders in exchange for their votes.
Max Lock: 2 years.
Farming Boost: This feature has not been included to prevent from the emergence of any profit maxi protocols on top of Reactor. Conversely, a dynamic and decentralized governance over $RCT emissions is fostered over time.
Flexibility: veRCT positions can be merged, split, and sold on the secondary market.