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Voting

Voting directs the next distribution of pool emissions. It is the patron's craft: each epoch, the collective allocation of veRAPH voting power decides where the protocol's $RAPH flows.

How to vote​

  1. Select a veNFT.
  2. Choose one or more eligible pools.
  3. Allocate voting power among them.
  4. Review the total allocation and expected rewards.
  5. Cast the vote before the current cutoff.

If less than 100% is explicitly allocated, the interface or contracts may normalise the selected weights proportionally. Review the final transaction details before signing.

Vote behaviour​

  • A veNFT may be limited to one vote update per epoch.
  • Unchanged votes may carry into later epochs.
  • Adding tokens or extending a lock can increase voting power; the vote may need to be recast to use the increase.
  • Killed, ineligible or replaced gauges should not receive new emissions.
  • Votes near the epoch boundary can fail if the operational window has begun.

Evaluating pools​

Voting rewards should not be assessed by incentive value alone. Consider:

  • sustainable swap volume and fees;
  • incentive token liquidity and volatility;
  • pool and gauge status;
  • total competing votes;
  • token and smart-contract risk;
  • whether an incentive can be claimed and sold economically.

A pool with modest incentives and genuine volume can outearn a pool with generous incentives and none. The wheel rewards judgment; see Voting Fees and Incentives for what a vote actually earns.

note

Voting for a pool is not an endorsement by Raphael, and a pool's vote total is not evidence of its safety.