Platypus’ Voting Gauge!
Platypus Voting Gauge! is going live on the 6th of September at 9:30 am UTC! The newest feature on Platypus that will revolutionize your experience of staking forever.
What’s Voting Gauge?
It is a new feature that gives vePTP holders the ability to control where PTP emissions enter the gauges. The PTP emission will be spread proportionately based on each pool’s gauge weight. Therefore, the more the number of votes a pool receives, the more PTP emission will be given to it, leading in a higher APR for the pool.
Not a vePTP holder yet? Stake PTP to acquire vePTP now: https://app.platypus.finance/stake
What’s So Special About their Voting Design?
It’s a dynamic emission! No cooldown period between votes, and vePTP holders can modify their votes at any time. Moreover, PTP emissions and gauge weights update in real-time. Whenever the voting ratio changes, the PTP emission will adjust accordingly.
How Can Voting Gauge Benefit Me?
For the tokens listed on Platypus, they all want more PTP emissions to make their pool more attractive to LPs, in order to increase the usage of their own tokens. Therefore, they are willing to provide bribes to attract and secure more votes.
What are Bribes?
Bribes are the additional incentives for voters. They are provided by third-party protocols to attract more votes from vePTP holders. As our platform supports bribes natively, users can look for the bribe incentives from different protocols, vote for different token pools and claim bribes in the same page seamlessly.
How Do I Vote And Claim Bribes?
Voting
1. Add a gauge.
vePTP holders can add more than one gauge. You can choose to vote for one or multiple gauges.
2. Adjust your vote weight in percentage.
3. Confirm your vote.
4. You can modify your vote at any time.
Claiming Bribe
You can earned bribe incentives will be automatically claimed on voting
With the commencement of gauge voting on the platform, more stablecoin and liquid staking token listing will be available on Platypus.
About Platypus
Platypus, redefining Stableswap with novel single-sided liquidity provision. Low slippage, high scalability and superb UX. Exclusively on Avalanche.
SOURCE:
https://medium.com/platypus-finance/here-comes-platypus-voting-gauge-c5baf17aafe5
