veLB

$veLB holders decide which liquidity pools receive emissions in a given epoch by voting on their preferred liquidity pool gauges. $LB emissions will be distributed proportionally to the total votes a liquidity pool receives.In return, voters receive 100% of the trading fees and bribes collected through the liquidity pool they vote for.

Rewards for $veLB holder

There are 3 kinds of rewards for $veLB holders on the platform:

Rebase: Represent $LB distributed to $veLB holders in order to reduce the voting power dilution.

Trading Fee: Represent liquidity pool trading fees distributed to voters in pool tokens ( e.g., if the pool is LB/ETH, the distributed tokens are LB and ETH).

Bribes: In addition to the fees, liquidity pools allow external rewards from anyone (known as bribes). Bribes can be added to whitelisted pools and are distributed only to voters on that pool, proportionally to their share of pool votes.