🗳️veMOAI

veMOAI(Vote-Escowed MOAI): The Power of Governance

Governance Mechanism of veMOAI

veMOAI, with a maximum lock-up period of one year, empowers users to participate actively in the governance of Moai Finance. By locking their MOAI tokens, users gain veMOAI, which provides them with voting power in key decisions, including the management and direction of liquidity pools.

  • Users can get veMOAI by staking 80MOAI-20XRP Moai Pool Token(MPT)

  • Max lockup is 1 year. Min lock up is 1 week.

  • The longer the lockup period, the more voting power you have linearly. Maximum boost is 2.5x.

Example

If a user locks 1 MPT of 80MOAI/20XRP for the maximum time of one year, the user will receive 1 veMOAI and this veMOAI quantity starts immediately decaying with time. If the user does not extend the lock period, this will decay to 0 after the year is complete, at which point the user can redeem their 1 MPT of 80MOAI/20XRP

Promoting Positive Competition

One of the pivotal roles of veMOAI is to foster healthy competition among different chains and projects. Users can use their veMOAI to vote for specific pools, influencing the allocation of rewards. This mechanism is designed to attract liquidity to various chains within our multi-chain ecosystem, ultimately benefiting the entire network.

  • veMOAI holders are entitled to a share of 75% of collected protocol fees

  • veMOAI holders can join the vote weekly to select which pool to promote

  • All votes are on-chain with gas-fee while if the user chooses not to change the vote, no transaction is needed

Why veMOAI?

  • Enhanced Governance: veMOAI holders play a crucial role in shaping the future of Moai Finance, with the power to vote on important proposals and changes.

  • Liquidity Incentives: The use of veMOAI in voting for pool gauging ensures that liquidity is directed where it's most needed, encouraging a balanced and thriving ecosystem.

  • Flexibility and Adaptability: With a maximum lockup period of one year, veMOAI provides the perfect balance between long-term commitment and adaptability to the fast-paced DeFi environment.

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