ve(3,3) Ouroboros: Part 1 - Fee Distribution

  • Fees earned by the protocol should go to ve(3,3) lockers
  • Emission by the protocol should go to pools with the highest fees
  • ve(3,3) lockers decide which pools receive emissions
  • It incentivizes fees for the protocol (and thus higher payouts for ve(3,3) lockers)
  • Emissions will promote the highest fee earning pools, which will increase liquidity on those pools to allow for better rates.
  • It aligns emissions with protocol incentives, allowing participants to self optimize the system.

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