Vote to Earn concept of veZard Exchange

Using veZARD to Vote on Farms and Earn Reward

The veZard Exchange system is a decentralized exchange (DEX) platform that was inspired by Andre Cronje’s perpetual DEX concept. It has been enhanced with a magical touch, utilizing the Solidly perpetual model with adjusted fee structures and emissions. This DEX will serve as the trading mechanism for the zkSync Era network, providing users with secure and speedy crypto-asset trading.

Deep into the mechainsm

veZard has a unique voting mechanism that allows users to use their veZard to vote for a Gauge or Pool. The more votes a Gauge or Pool receives, the more Zard rewards will be shared for LP Farming from ZARD Generation. This means that the more popular a Gauge or Pool is, the more rewards will be distributed among its users.

Voters who participate in the veZARD voting mechanism will receive income from two main sources. Firstly, they will receive incentives from the bribe for the respective gauge. This means that voters will receive additional rewards for participating in the voting process, which can be a significant source of income for those who hold large amounts of veZard.

Secondly, voters will also receive trading fees from the respective gauge. This means that they will receive a percentage of the trading fees generated by the Gauge or Pool they voted for. This can be a significant source of income for those who hold large amounts of veZardand have voted for a popular Gauge or Pool.

A few words about chain structure

The veZARD system operates on two main functions: LP Farming and Voting, which are interdependent. LP Farmers earn rewards from ZARD Generation, which are distributed among Gauges based on the percentage of votes received. The more votes a Gauge has, the higher the rewards for Farmers.

Voters, on the other hand, receive 100% of transaction fees and bribes for the respective Gauges. Initially, voters may limit their votes to Gauges with low transaction volumes. However, to incentivize voting, LP Farmers may offer bribes for certain Gauges, which benefits the Voters.

In summary, Voters tend to vote for liquid pairs with high transaction fees or those with attractive bribes. LP Farmers create more liquidity and participate in LP farming for pairs with high votes. This mutually beneficial relationship leads to increased liquidity and stability of the Gauges.

Token Utility

ZARD, the token of veZARD Exchange, is an essential component of the project’s ecosystem. It incentivizes farmers to increase and sustain the liquidity of trading pairs on the platform by providing new ZARD rewards. Moreover, ZARD holders can participate in the protocol’s decision-making processes by voting on governance and development directions, promoting decentralized governance. The ultimate objective is to attain genuine decentralization.