# Voting
### Voting on Emission and Incentive Parameters
Every three months (every 12 epochs), the project may initiate a vote to change the parameters of token emission distribution from the **EYWA Treasure**.
During this voting, the following parameters are determined:
1. **The amount of emission per epoch**: the total number of **EYWA** tokens allocated for the project’s development.
2. **The percentage allocated to pool rewards** (Pools incentives).
3. **The percentage allocated to bond creation** (Bonds incentives).
4. **The percentage allocated to grants** (Grants incentives).
5. **The percentage allocated to attract external rewards to project pools** (Bribes incentives).
***
#### Voting Conditions and Restrictions
**Voting frequency**:\
Once a voting is initiated, the next one can only occur after three months.
**Parameters for voting**:\
All five parameters must be proposed for the voting:
1. Emission amount per epoch.
2. % for Pool incentives.
3. % for Bond incentives.
4. % for Grant incentives.
5. % for Bribe incentives.
**Restrictions**:
* **The sum of percentages for parameters 2-5** must total exactly **100%**.
* **The emission per epoch** cannot exceed the average emission since the DAO’s launch by more than **25%**.
* **Reducing emission** is not restricted and can be lowered to **0**, if DAO participants support it.
***
#### Initial DAO Parameters
* **Emission per epoch**: 1 262 295 **EYWA** tokens.
* * **38%** — Pool incentives.
* **25%** — Bond incentives.
* **0%** — Grant incentives.
* **37%** — Bribe incentives.
***
#### Emission Distribution Algorithm per Epoch
1. **Determining the total emission volume**\
A certain emission amount **E** is allocated from the **EYWA Treasure** (for example, the initial 1 262 295 EYWA tokens or another value approved by the DAO).
2. **Calculating staking rewards**:\
The amount of staking rewards **S** is calculated.
3. **Calculating token volumes for incentives**\
After deducting the staking rewards, the remaining amount is distributed as follows:
$$
Pools\_{incentives} = ratio\_{Pools} \* (E-S)
$$
$$
Bonds\_{incentives} = ratio\_{Bonds}\*(E-S)
$$
$$
Grants\_{incentives} = ratio\_{Grants}\*(E-S)
$$
$$
Bribes\_{incentives} = ratio\_{Bribes}\*(E-S)
$$
{% hint style="success" %}
**Note**:
* The sum of , ,and coefficients must be 100%.
* These parameters can be changed by DAO participants through voting.
{% endhint %}
***
### Voting for Pools
All **veEYWA** holders can participate in weekly (every epoch) voting to distribute **Pool incentives** among the pools.
#### What are Pool incentives?
**Pool incentives** are **EYWA tokens**, allocated from the **EYWA Treasury** each epoch to attract liquidity providers to the project. DAO participants vote on how this amount is distributed among the pools.
#### Benefit for Liquidity Providers
The more votes directed to a pool where a provider’s liquidity is located, the higher their reward in the next epoch.
#### List of Eligible Pools
Only those pools connected to the EYWA project are eligible for Pool incentives distribution:
1. **Pools created by the project before the DAO launch**.
2. **Pools added via a DAO vote**.
* Any DAO participant can initiate a vote to add a new pool.
* To include a pool in the list, the proposal must receive more than **50% of the DAO votes**.
#### Voting Procedure
Voting takes place on a separate page in the **DAO** section. To participate, a user must:
1. **Distribute** all **100%** of their votes among the available pools.
2. **Press the "Vote" button** to confirm their voting choice.
Before the end of the current epoch, a user can cancel their votes and vote again.
***
### Incentive Distribution Scheme Based on Voting Results
1. **Vote Counting Process:**
At the start of a new epoch, all **veEYWA** votes cast for pools in the previous epoch are counted. The percentages allocated by participants are converted into a specific number of EYWA tokens directed to each pool.
2. **Formula for Incentive Distribution:**
$$
E\_{pool X} = \frac{V\_{pool X}}{\sum^n\_{i=1}V\_{pool i}} \* Pool\_{insentives}
$$
where:
 — the number of EYWA tokens allocated to pool X.
 — the total EYWA token amount allocated to all pools in the current epoch
— the amount of **veEYWA** votes cast for pool X.
— the amount of **veEYWA** votes cast for pool i out of all **n** pools
**Thus, the number of EYWA tokens allocated to a pool depends on the proportion of veEYWA votes that pool received relative to all votes.**
***
### Reward Distribution to Liquidity Providers
At this stage, all incentives allocated each epoch to attract liquidity providers to the project’s pools are distributed via **Angle Merkl** service.
#### Funds Flow Scheme:
**EYWA Treasure → Pools incentives → Gauge → Angle Merkl → Liquidity Providers**
Liquidity providers can claim their rewards:
* Through **the project’s pool interface**.
* Through t**he Angle Merkl service interface**.
***
### Boosting Liquidity Provider Income for DAO Participants
If a liquidity provider is also a **DAO** participant, they receive **increased rewards** through a boost coefficient **B**.
#### Boost Coefficient Formula:
$$
B\_{user} = 1.5 \* \frac{D*v}{d*V} + 1
$$
where:
 — the user’s boost coefficient (cannot exceed 2.5)
*D* — the total sum of all deposits in the pool (in USD)
*d* — the user’s deposit amount in the pool (USD).
*V* — the total veEYWA of all users.
*v* — the user’s veEYWA amount.
#### Calculating the User’s Reward:
A maximum boost of **B=2.5** does not mean the reward is simply increased by 2.5 times. The total Rewardall is divided among all liquidity providers taking into account their individual boost coefficient B.
#### User Reward Formula:
$$
Reward\_{user} = \frac{B\_{user}\*d\_{user}}{\sum^n\_{i=1}B\_{i}\*d\_{i}}\*Reward\_{all}
$$
Where:
— the user’s reward
— the total amount of tokens allocated as liquidity rewards
— the user’s boost coefficient
— the user’s deposit size (USD).
— the boost coefficient of user i.
— the deposit size of user i (USD).
#### Restrictions:
* Maximum boost coefficient: **2.5**.
* Rewards are distributed proportionally, taking into account each user’s deposit and boost coefficient.
**This system incentivizes DAO participants to provide liquidity, increasing their returns thanks to holding veEYWA.**
***
---
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