Buying Gauge Votes

Buying votes on Vota will allow you to increase your weight on gauges that control SBR incentives for liquidity farming. To do so, go to the "Buy" tab, and you'll see a list of liquidity pools available on Saber.

During any given window, users will be able to bid for a share of the total veSBR available on Vota. This means that your share can fluctuate until the voting window is closed. If only one bidder buys vote, they will get 100% of the veSBR available on Vota. If two bidders buy vote, it will be distributed based on the amount of money they deposited.

List of Saber Pools available on Vota

Timing

The protocol flow occurs in 7 day epochs, aligned with Saber Tribeca. The protocol has three different phases, which occur simultaneously in a pipeline. 1) Vote Buying

2) Voting

3) Distributing Incentives Let's call the current epoch, shown in the top left on the delegate tab epoch N.

N is the number of the current epoch for distributing incentives on the Saber DEX. If you buy votes for a gauge now, you are buying for distribution in epoch number N + 2.

It will take 2 epochs for N + 2 to progress through the pipeline to the Distributing Incentives phase.

So, it will take anywhere from 7 to 14 days for vote buys to result in reward distributions. It will take 14 days for votes bought on the beginning of the first day of an epoch or 7 for votes bought right before the end of an epoch.

Metrics

This section informs you on the current state of veSBR repartition across bidders. You can identify how much incentives are being directed by Tribeca votes and Vota votes.

Buying

To process a buy, first connect your wallet. Then click the buy button next to the pool you wish to buy incentives for. This will open a modal with a field allowing you to enter the amount you're willing to put in to buy the votes. As mentioned above, you get a % of the veSBR based on the amount you're putting in vs how much is already deposited by other users

As you enter the amount, you get an estimate of how much incentives (in USD) your pool would be getting.

With no bid, $0 goes to the JSOL-SOL pool

In this scenario, with 0.03 $META, you get 66% of the votes

Navigate to the pool that interests you and click on buy. You'll see a modal where you can purchase votes in three currencies: $META, $BLZE, or $USDC.

Based on your bid (and others' bids), Vota will use the delegated veSBR (proportional to your bid) to vote on your gauge. This is done once week at the beginning of a new epoch.

Conversion price is calculated once (when script is run)