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$KRAV: This is the primary governance token of the KRAV Ecosystem.
$veKRAV: This is the vote-escrowed version of the $KRAV, representing vote-locked $KRAV.
Holders of $KRAV can opt to vote-lock their tokens to receive $veKRAV.
The longer and more significant the lock-in duration and amount, the higher the received $veKRAV.
Participation in governance decisions.
Augmented $KRAV yields.
Share of the ecosystem's fees.
Lock 40,000 $KRAV for 1 year = Receive 10,000 $veKRAV.
Lock 10,000 $KRAV for 4 years = Receive 10,000 $veKRAV.
The formula to calculate the weight is:
The system records and checks user actions like staking, unstaking, or changing the lock time.
The total voting power adjusts with each action.
Lock times are rounded to whole weeks.
Boosting rewards for vote-locking can increase liquidity rewards up to 2.5x.
Boost is updated periodically based on engagement within the ecosystem.
Fees from Quanto trading (Gov Fees) get distributed to $veKRAV holders.
Fee distribution is based on the amount of $veKRAV held and voting participation.
Fees will be collected and distributed periodically.
Users with $veKRAV can claim fees anytime, but distribution occurs once a week.
Fees can only be claimed for the past week and are made available within 24 hours after 00:00 Monday UTC.