veHDROME & Voting
Voting Flow
Each epoch (Thursday 00:00 UTC to Thursday 00:00 UTC), veHDROME holders allocate their voting power across liquidity pool gauges. The flow works as follows:- veHDROME holders select one or more pools and assign vote weights (percentage-based).
- The Voter contract tallies all votes at epoch flip.
- The Minter mints the weekly HDROME emission and distributes it to gauges proportionally to their vote share.
- LPs staked in gauges earn HDROME emissions over the following epoch on a per-second basis.
- Voters earn 100% of trading fees and external bribes from the pools they voted for.
Gauge System
| Parameter | Value |
|---|---|
| Max Reward Tokens per Gauge | 16 |
| Epoch Duration | 7 days (Thursday to Thursday UTC) |
| Emission Accrual | Per-second, proportional to staked LP share |
Revenue Streams
| Stream | Source | Distribution |
|---|---|---|
| Trading Fees | 100% of swap fees from voted pools | Claimable after epoch flip |
| External Bribes | Deposited by protocols seeking votes | Claimable after epoch flip |
| Rebases | Anti-dilution HDROME from Minter | Automatically distributed to veHDROME holders via RewardsDistributor |
Voting Rules
| Rule | Detail |
|---|---|
| Once per epoch | Each veNFT can vote once per epoch |
| Locked until flip | Votes are locked for the entire epoch once cast |
| Reset required | Must reset votes before transferring or merging veNFTs |
| Poke | Anyone can poke a veNFT to update its decayed voting power in existing allocations |
Voting Strategies
Maximize Trading Fees
Maximize Trading Fees
Vote for pools with the highest trading volume relative to their current vote weight. High-volume pools with fewer votes generate more fees per veHDROME allocated. Check the fee/vote ratio each epoch to identify underweight pools.
Maximize Bribes
Maximize Bribes
Vote for pools with active external bribes. Protocols deposit bribes to attract votes, and the bribe-per-vote ratio can significantly exceed fee revenue. Compare total bribe value to current vote weight to find the best opportunities.
Support a Protocol
Support a Protocol
If you want to deepen liquidity for a specific protocol’s token, concentrate votes on its gauge. This directs more HDROME emissions to that pool’s LPs, attracting more liquidity and tightening spreads for the token.