🗳️| Voting & Bribing
Last updated
Last updated
$METRO stakers can vote every week on the selection of LP pairs to which the $METRO emissions are to be distributed. Each $METRO lock position needs to be voted separately. The voting will decide which pools receive a share of 30% of $METRO emissions and how much each pool receives.
A pool needs a minimum 20,000 $METRO sum to be applicable for the farm $METRO emissions. Protocols can “Bribe” $METRO stakers to vote for a specific pool. A bribe is an incentive paid in a token to the voters. All Bribes need to be allocated before voting starts and are transparent for anyone voting.
Only valid $METRO Staking Position are allowed to vote. The overall lock needs to be longer then 90 days and the remaining lock period needs to be longer than the epoch time. 1 $METRO = 1 Vote
The pools which have earned the most fees in the last two weeks bring the most benefits for the $METRO stakers. Therefore, taking no bribes into account, these pools are the most profitable to vote for.
The earlier you vote in an epoch, the more of the possible bribe rewards you will get. Voting late in an epoch will subject you to a greater vote decay.
It's generally recommended to vote in the first to days of the epoch to wait for the best bribe offerings to show up.
Vote with $METRO: To participate in voting, you must lock your $METRO tokens for at least 90 days. Locked $METRO provides voting power to decide how 30% of liquidity emissions ($METRO) are distributed among different liquidity pools. 1 $METRO= 1 Vote, no matter the lock. Each $METRO NFT position needs to be voted separately for each epoch. You can only cast your votes per $METRO NFT position once per epoch. If you don't use 100% of your voting power, the remaining voting power will be lost for this epoch for this NFT position.
Voting Epochs: Each voting period, or Epoch, lasts one week. During this time, $METRO holders can vote for their preferred liquidity pools.
Time sensitive Voting for Bribes: Your earned bribes within an Epoch depends on when you cast your vote. The earlier you vote in an Epoch, the more you earn from a bribe (linear decline).
$METRO Farm Activation: After an Epoch ends, votes determine which liquidity pools receive a $METRO Farm. A minimum of 20k Votes is required to get a $METRO Farm. The $METRO farms go live shortly after the epoch ends.
Bribes are incentives offered by protocols or liquidity pool owners to sway your vote in their favor. By participating in the bribing process, protocols can attract liquidity and increase their pool rewards. Bribers need to earn at least 20k $METRO votes to trigger the creation of a $METRO farm for their pool. If the benchmark of 20k $METRO is not reached, no farm will be created but voters will still earn the bribe.How to Bribe:
Everyone can add bribes: Bribing is fully permissionless, if you want to bribe any of the listed pools, you can do so.
Only Whitelisted token: Only whitelisted tokens and pools can be used for bribing. If you want to see your token in this list, please contact the Metropolis team.
Bribe before Epoch starts: Only bribes which are submitted before the epoch are included. Within the epoch, no further bribes can be added. If bribes are submitted while an epoch is running, they will be included for the next epoch.
Unclaimed bribes will be sent back to the briber.
Voting and Bribing is another milestone which decentralised decision making at Metropolis and empowers our community. Further it is another utility layer implemented for the $METRO token. Liquidity Providers can increase the farm rewards for their favourite pairs to increase their profitability further. $METRO stakers can earn bribes on top of real yield in $USDC, also increasing their revenue stream.
