EYWA
  • Eywa v2
    • 💥Eywa v2: new era of Web3 interoperability
  • Eywa token
    • 💎Tokenomics Eywa/CrossCurve
    • 📈Eywa token utility
    • ⚡Eywa NFT Collection
      • Eywa NFT Bridge from Aurora to Arbitrum
      • Merge interface in the Arbitrum chain
      • EYWA NFT Manager interface
      • Dashboard interface
    • 🏢Eywa DAO
      • Overview of EYWA DAO
      • Voting
      • Obtaining veEYWA and Calculating the Boost
      • Staking
  • EYWA Ecosystem
    • 💡Vision
    • 🗺️Product & EYWA token Roadmap
    • 🏗️Products
      • Eywa v1
        • Cross-chain Liquidity Protocol
          • Cross-chain DEX v1
          • Eywa Token Bridge
          • Gasless transactions
        • Cross-chain Data Protocol
          • Eywa CDP Introduction
          • Eywa Oracle Network
          • Data transfer flow
      • Eywa v2
        • 🌉Consensus Bridge
        • ⚡CrossCurve
    • 🛡️Security audits
    • 🧠Team
    • 🦄Project History
    • 🔗External Links
    • ❓FAQ
  • User documentation
    • 💸Eywa DEX
      • About EYWA Cross-chain DEX
      • Interface Eywa WebApp
      • How to trade
      • Slippage settings
      • Routing
      • Operation Interruption
        • Slippage condition
        • Data transfer error
    • 🏢DAO
      • EYWA Locker Interface
      • Working with the EYWA Locker contract in Arbiscan.
      • EYWA Vote Interface
      • EYWA Incentives Interface
    • 🔗Contracts addresses
      • Cross-chain Liquidity Protocol
        • CLP smart-contracts
        • Supported stablecoins
        • Addresses of Eywa stableswap pools
        • Addresses of s-tokens
        • Addresses of e-tokens
      • Cross-chain Data Protocol
        • Governance of Eywa Oracle network
        • Cross-chain messaging
  • DEVELOPER DOCUMENTATION
    • 💻Guide for Developers
      • Technical Documentation for EYWA DAO Smart Contracts
        • EmissionManagerV1
        • EscrowManager
        • EscrowVoteManagerV1
        • GaugeFactoryV1
        • GaugeV1
        • IncentiveRewardsDistributor
        • ProposalManager
        • RebaseRewardsDistributorV1
        • RewardsDistributorFactoryV1
        • CalldataHelperV1
        • Treasury
        • DelegationManagerV1
        • DelegationConditionValidatorV1
        • LockHolderFactoryV1
        • LockHolderV1
  • Eywa Oracle Network - will be ENDED in April 2024
    • 🥇Validators token distribution
    • Incentivised PoA mainnet
      • General information
      • Application for participation in PoA mainnet
      • Requirements for PoA mainnet validators
      • Rewards for PoA mainnet
      • Instruction for node operators
    • FAQ
  • ⚖️LEGAL INFORMATION
    • Terms of Service
    • Protocol Disclaimer
    • Cookies Policy
    • Risk of using Eywa
Powered by GitBook
On this page
  1. Eywa token
  2. Eywa DAO

Overview of EYWA DAO

PreviousEywa DAONextVoting

Last updated 5 months ago

EYWA DAO — is a democratic, transparent, and decentralized organization that makes strategic decisions, engages participants, and incentivizes their contributions.

The goal of EYWA DAO is to create long-term incentives for attracting sustainable cross-chain liquidity, as well as to accumulate and manage the protocol’s own liquidity to ensure better conditions for cross-chain swaps in the market.

DAO governance is based on locking the EYWA governance token into veEYWA, which grants voting power. This voting power allows veEYWA holders to participate in decision-making, receive incentives, and earn income from EYWA protocols.


Advantages of veEYWA

Locking EYWA provides you with the following benefits:

  • Staking income

  • Voting rights and participation in DAO decision-making

  • Incentive earnings when voting for pools

  • Increased rewards for providing liquidity

  • A share of the platform’s fee revenue


Locking EYWA (veEYWA)

veEYWA stands for vote-escrowed EYWA. Users can lock their EYWA tokens for a maximum of 3 years, in exchange for veEYWA. The amount of veEYWAdecreases linearly as the chosen lock duration elapses. veEYWA cannot be transferred directly, but can be transferred within an EYWA DAO NFT. The longer you lock, the more veEYWA you receive. For details, please see , but the simple explanation is:

  • 1 EYWA, locked for 3 years = 1 veEYWA

  • 1 EYWA, locked for 2 years = 0.66(6) veEYWA

  • 1 EYWA, locked for 1.5 years = 0.5 veEYWA

  • 1 EYWA, locked for 1 year = 0.33(3) veEYWA

The longer you lock your EYWA, the greater your voting power (expressed in veEYWA) and the higher the boost you can achieve.


NFT Boosts

Owning an EYWA NFT can affect the amount of veEYWA you receive and, therefore, your voting power. An NFT’s rarity is determined by two parameters - MV (multiplier for veEYWA), a multiplier applied to the veEYWA you receive; as well as CT (Capacity per NFT), the maximum number of EYWA tokens affected by the NFT’s influence. Check the table below for the characteristics of each rarity level:

EYWA NFTs enhance your DAO voting power, increase returns from staking, incentives, and fees, and allow trading of locked tokens. They also attract investors due to their rarity and functionality.

Here are some ways EYWA tokens benefit different types of users:

For veEYWA holders - those who have locked their tokens to gain voting power:

  • Boosts voting power when making DAO decisions

  • Boosts the voting power that can be exchanged for incentives (to distribute EYWA inflation across CrossCurve pool gauges)

  • Boosts staking income for veEYWA holders

  • Boosts the voting power used for distributing $EYWA in CrossCurve pools

  • Boosts income from distributing the protocol’s fee revenue among veEYWA holders


Staking Income

Staking income is the reward for long-term holding and locking of EYWA tokens. The longer and larger the locked amount, the higher your staking rewards, which are credited at the end of each epoch.

Also, staking yield depends on the total volume of locked EYWA: the more tokens locked, the lower the yield.

Using EYWA DAO NFT further increases your staking earnings.


Voting Rights and DAO Decision-Making

EYWA DAO functions include:

  1. Managing protocol contracts: bridges, new networks, contract deployments, fees, and permissions.

  2. Managing the DAO treasury: inflation (amount and rate), incentives for community development, expenses to attract customers and partners, emission to bonds, gauges, and grants.

All of these functions are carried out through voting.

EYWA DAO voting is divided into three main categories. Core voting affects the calculation of the voting coefficient for distributing staking rewards.

Core voting addresses:

  • Changes/additions to DAO, CrossCurve, and EYWA functionality;

  • Incentives;

  • Inflation and directives;

  • Bonds;

  • Grants;

  • Gauges.

Other voting topics:

  • Incentive proposals;

  • Incentive directions;

  • Gauge listings.

Miscellaneous votings:

Votings not included in the categories above.


Increased Rewards for Providing Liquidity (up to x2.5)

EYWA DAO allows certain pools to receive additional rewards from $EYWA token emissions.

When $EYWA emissions are allocated to a pool, the interface displays a range of possible APR that users can earn by staking their LP position.

The final APR boost depends on the user’s voting power (formed by locking veEYWA) and the ratio of your liquidity to the total liquidity, taking into account other participants’ boosts in a specific pool. A maximum boost can increase your yield by up to 2.5 times.

Thus, holding veEYWA allows you to achieve higher returns when providing liquidity. Using EYWA DAO NFT further increases your yield boost in these pools.


Voting for Pools and Receiving Incentives (Bribes)

Locking EYWA tokens provides unique opportunities for additional income through receiving incentives for voting on certain pools. By voting, veEYWA holders determine the distribution of liquidity and rewards among CrossCurve pools. Projects seeking to attract liquidity offer veEYWA holders incentives (various tokens) in exchange for votes in their favor.

Locking EYWA turns voting rights into a source of income: veEYWA holders choose the most profitable offers and receive rewards in tokens, cryptocurrencies, or other forms of income from the projects. The higher your veEYWA balance, the more profit opportunities you have.

Using EYWA DAO NFT further increases your earnings when voting for pools.

You can view the detailed calculations at the following .

the lock formula
link
🏢
Page cover image