There are mulitple types of rewards on FlairDex.
$FLDXemissions are allocated to liquidity providers in gauges, which is then split up and distributed by the results of the periodic
These rewards are streaming and are available for claim as these accrue.
Represent liquidity pool trading fees distributed to voters in a gauge or to liquidity providers in a pool ( e.g., if the pool is
FLDX/USDCthe distributed tokens are
These rewards are available for claim as they accrue. They do not need to be claimed each epoch.
The concept of bribes was made by popular by Convex which came to control a large share of Curve voting power. As users kept chasing high CRV rewards, protocols realized they could grow their protocol and on-chain liquidity by bribing veCRV holders to vote for their pool.
FlairDex natively supports anyone to attach bribes onto a gauge and those who vote for it are then able to claim them. Bribes are distributed only to voters on that pool, proportionally to their share of pool votes.
These rewards are available for claim after the epoch flips and are proportional to the voting power cast by a voter (
Liquidity Providers can attach a
$veFLDXNFT to any number of gauges to receive a boosted reward rate on deployed liquidity. The reward boost is subject to a variable rate that depends on several factors including the current prices of tokens, the token boosted APR, the
$FLDXlocked in your
$veFLDX, the % of TVL using
$veFLDX, and total gauge TVL.
Since all the elements mentioned above influence the dynamics of boosting some gauges will become easier to boost than others. Boosting is calculated according to the following formula:
It is necessary to pay attention to the mechanics of
$veFLDXNFTs in order to properly utilize the boosting system. A
$veFLDXNFT can be attached to any number of gauges, but a gauge can only have one
$veFLDXNFT attached, so the user gets the most reward boost by concentrating all their
$FLDXinto a single
In order to concentrate the power of separate veFLDX NFTs you can merge them together to achieve a higher reward boosting rate.
If a majority of the TVL is farming without
$veFLDX, a user that uses a
$veFLDXwill receive the maximum reward boost. The difference between minimum and maximum APR will always be 2.5x, but the numbers will vary based on how many other