Governance

Only $veKYO can be used to vote. Unlike typical ve(3,3) DEXs, Kyo Finance operates without epochs. $veKYO holders can vote at any time and for any pool they want, with the flexibility to change their vote as needed. Emission of rewards occurs in real-time, eliminating concerns about potentially missing out on rewards due to voting patterns.

Rewards

Voting has several benefits that should be considered.

• Voting directs $KYO token incentives. So if you care about this, vote accordingly.

• Voting on a pool grants you a pro-rata share of all the trading fees of the pool you voted on. (Only from the LPs that are staked to receive $KYO rewards)

• Voting on a pool grants you a pro-rata share of all the external incentives that are added to the pool by any third party.

How to Get $veKYO?

$veKYO can be minted on a 1:1 basis with $KYO as the default. However, since Kyo Finance supports trading via $veKYO/$KYO pair, the price of $veKYO is not always equal to $KYO. To avoid confusion and ensure optimal cost for acquiring $veKYO, if a user tries to mint $veKYO when the price of $veKYO is lower than $KYO,Kyo Finance will automatically purchase $veKYO from the market, and only mint the amount of $KYO needed to fill the gap. This feature is provided by Kyo Finance itself.

Voting APR

In the front end, you will see a column that displays the voting APR.

This metric is calculated as follows;

Voting APR = Real-time bribe release (per sec) / (TV *$veKYO price) * 31,536,000 * 100%

year = 31,536,000 (365d * 24h * 60m * 60s)

TV = Total Number of Votes