External Incentive (External Bribe)

What is an External Incentive (Bribe)?

An external incentive, or bribe, refers to additional rewards added to a pool's gauge by third parties. Besides the pool's trading fees, these incentives encourage users to vote for certain pools, thereby influencing the direction of governance and the distribution of the protocol's emissions.

Bribes enable anyone to participate in the governance process by offering external rewards to voters, guiding voting decisions, and incentivizing the provision of liquidity in targeted pools. This mechanism fosters a dynamic and competitive environment that aligns the incentives of both liquidity providers and external stakeholders.

How to Provide External Incentives

The ‘Bribe’ page offers a detailed overview of current bribes within the protocol, including:

• Daily total bribes (trading fees + external incentives).

• Key metrics such as the top 5 pools with the highest bribes.

• External incentive details for any specific pool you select.

To provide external incentives:

1. Select the desired pool.

2. Choose the incentive token you wish to offer.

3. Set the start time and end time for the incentive distribution.

The incentives you provide will be distributed linearly to voters for the selected pool during the specified period.

Additional Requirements

If you want to offer incentives in a different token than the pool tokens for the first time, a deposit of 1000 $KYO is required.

Warning!

This action is irreversible, and assets provided as external incentives cannot be refunded. Be sure to plan and execute your incentive provision carefully.