Tokemak C.o.R.E.2. — Collateralization of Reactors Event

Tokemak Collateralization of Reactors Event will start this coming Tuesday, November 9th,2021.

It will run for one week, similar to the first C.o.R.E. There will be no rush to vote, and you will be able to rearrange your votes at anytime. There are 45 total C.o.R.E.2. Token Reactor candidates, those from the first C.o.R.E. that didn’t reach ignition, and some new additions.

The new candidates are: APWine (APW), Gro DAO (GRO), Index Coop (INDEX), Wrapped Terra (LUNA), Perpetual Protocol (PERP), Popsicle (ICE), Shapeshift (FOX), and Temple DAO (TEMPLE).

TOKE, Uni LP, and Sushi LP tokens that are staked in their respective pools on tokemak.xyz will automatically receive a voting purse that can be utilized to vote for a preferred Token Reactor (or Reactors)

New TOKE, Uni LP, and Sushi LP can be staked at any time during the week to gain more votes. You will be able to vote for as many Reactors as you’d like. To avoid gas, all votes allocated will be confirmed through a simple wallet signature.

• TOKE staking voting will be 1:6, 1 TOKE = 6 votes (increase from the first C.o.R.E. for single asset staked TOKE)
• Uni LP and Sushi LP tokens will receive a voting power multiplier. Every staked Uni and Sushi LP token will receive 69 votes (approx. 8 votes per TOKE in an LP position)
• Escrowed TOKE will be able to vote while in its locked state, however each token’s voting power will be worth only 1 vote to give stronger voting power to the community (see more below)
• The top five winners are determined as the projects that receive the most votes at the conclusion of the event. The Tokemak team will reach out to the DAOs to collaborate on Reactor ignition

When C.o.R.E.2. goes live, you can find the Reactor voting section in the C.o.R.E. tab at the top of the UI. You’ll notice a voting purse, populated with votes if you already have TOKE, Uni LP, or Sushi LP tokens staked in the pools. This purse reflects your voting power. You can always stake more TOKE or LP tokens to gain more votes, but do be aware it may take up to 15 minutes before they appear in your purse.

ABOUT Tokemak
Tokemak is a decentralized liquidity providing/market making protocol designed to create efficient, sustainable liquidity across DeFi. Tokemak’s native token, TOKE, serves as tokenized liquidity, enabling stakers to direct the protocol’s TVL as liquidity across DeFi markets, beginning with SushiSwap, Uniswap, Balancer, and 0x.

RESOURCES
Medium