Voter and Incentives

Voting in Bronto

veBRONTO holders participate in the governance of Bronto by voting on the allocation of emissions to liquidity pools. This mechanism empowers holders to influence the protocol's development while earning rewards through bribes and trading fees.

How Voting Works

• veBRONTO holders vote weekly to decide which liquidity pools receive $BRONTO emissions.
• Votes are distributed proportionally, and the share of total votes determines the share of emissions allocated to a pool.
• Trading fees accrued in the epoch following the voting snapshot will be distributed to the voters.

Formula for Emission Calculation

The emissions for a pool can be calculated using the following formula:

Emissions = (% of total votes received / 100) × total emissions

For example: If 5,000,000 $BRONTO tokens are distributed in an epoch and a pool receives 10% of the total votes, the pool will receive:

5,000,000 × 10% = 500,000 $BRONTO

Voting Strategies

• Decay Mechanism: Voting power (veBRONTO) decays linearly over the lock duration (up to 4 years).
• Re-casting Votes: Votes do not carry over automatically. Recast your votes each epoch to maximize rewards.
• Timing:
  • Optimal voting occurs on Tuesdays or Wednesdays to align with the best bribe and fee opportunities.
  • Voting must be completed by Wednesday at 23:00 UTC before the new epoch begins.

Voting Rewards

veBRONTO voters benefit from two reward streams:

1. Voter Bribes
   • Protocols seeking liquidity in specific pools offer bribes as incentives.
   • Bribes are claimable after the epoch snapshot occurs at Thursday 00:00 UTC.
2. Trading Fees
   • Voters earn trading fees generated by the pools they vote for.
   • Fees are claimable as they stream into the protocol.

Instructions for Voting

1. Lock $BRONTO: Lock $BRONTO into a $veBRONTO NFT for a duration between 1 week and 4 years to acquire voting power.

2. Cast Your Vote:

   • Allocate your vote power among your preferred liquidity pools.
   • Ensure to distribute 100% of your veBRONTO vote power to maximize influence.

3. Recast Votes: If your veBRONTO balance changes mid-epoch, recast your votes to allocate the updated vote power.

4. Claim Rewards: Claim voter bribes and trading fees through the Bronto dashboard.

Votes for the next epoch must be cast by Wednesday at 23:00 UTC. Protocol operations occur during the following 2 hours, with no voting activity permitted.