✉️Fees and Bribes

Types of Rewards:

Fees

  • All swaps generate trading 0.3% trading fees. This fee is able to be changed, and will likely happen for periods on elexium or other pairs to encourage trading.

  • 50% of these fees go to voters (single stake locked elexium) and 50% go to the LPs themselves

  • The fees collected in the previous epoch are accrued to voters in the current epoch.

  • Fees are generated in the same currency pairs as the LP, eg : Elexium-Alph will generate $EX and $ALPH as fees.

  • Fee rewards for LPs are available in real time, and Elexium has a dashboard to manage this, so you can see them properly and understand what you are earning and when to claim it.

Bribes

  • Other protocols and people can bribe Elexium Voters to vote for their pool. Using any token, allowing many different types of rewards for voters each week.

  • For example, John from JohnCoin can bribe 500 Johncoins to John-Alph, in the hope that veElexium voters will vote for his pool to receive Elexium Emissions. If nobody votes, the bribes remain until someone does and an epoch finishes. This is a good reason to check all the pools as a voter each week, as you may discover missed opportunities and earn new/extra tokens!

  • Tokens must be whitelisted as bribes to be able to be used in this manner, unless it is on the pool they already are. Eg: if token1-token2 LP is able to be staked in the Arena, it is autowhitelisted to be able to Bribe that pool with Token1 or Token 2. To bribe token3-token4 pool with token 1 or 2, a Bribe Whitelist is needed. Please see Liquidity Page for more information.

  • In Summary, all whitelisted Arena Pools can automatically be bribed with their own 2 tokens, and any other token in the Bribe Whitelist.

Rewards Claim

  • Rebase rewards are a dilution protection mechanism. The idea is that a large percentage of inflation each week is actually rewarded to voters, to protect from dilution. The remaining % can be made up in fees, bribes etc.

  • Rebase rewards accrue to your locks, but need to be manually claimed. Once you are unlocked, everything you have earnt is added to your Elexium that is being withdrawn from veElexium.

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