Buying Gauge Votes
Last updated
Last updated
Buying votes on Vota is very simple. It 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. Connect your wallet.
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.
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.
To buy votes, simply click the buy button. 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.
If you change your mind about the votes you bought, you can always ask for a refund. This only works for bids you bought in the current epoch. We will not be able to refund for previous epochs where votes have been casted on Tribeca.
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, $UXP.
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)