📝Voting

$veNOVA holders govern which liquidity pools receive $NOVA emissions by voting, and in return, voters receive all trading fees and bribes from the pool for which they vote.

Instructions

For each of your Locks (veNFTs), distribute 100% of your Lock's (veNFT) vote-power among your preferred pools and cast your vote. Each Lock (veNFT) can only cast votes once per epoch.

• If you increase your Lock's (veNFT) balance during the epoch, or if you claim your rebase votes, your incremental votes will be allocated proportionally among the selected pools where the original votes were cast.

• Unchanged votes will carry over into the next epoch. You only need to cast your votes once per lock and the same allocation will be carried forward for all subsequent epochs.

• You only need to re-vote if you want to change your allocations.

Navigate to the VOTES page and in the next screen you can distribute your voting power over the liquidity pool(s) of your choice. You can vote for one or multiple pools with your locks by selecting them:

At the bottom of the screen you can see how many pools you have selected for your specific locks. Click on the VOTE button to continue:

In the next screen you can select the percentage of votes you would like to assign for each selected pool, either by entering manually or selecting the % preset buttons. You can enter one decimal optionally, e.g. 10.5 %.

Once you have reached 100% in total for your lock, a vote button appears. Click on it and sign the transaction confirmation pop-up in your web3 wallet. Once the vote transaction completed succesfully a toast message should appear:

veNOVA Voting Mechanism

Voting operates on a weekly cycle called an Epoch, which resets every 7 days. At the end of each Epoch, rewards are distributed exclusively to veNOVA holders who have voted for specific gauges (liquidity pools).

You earn revenue only from the pools you actively voted for during that Epoch. Once you vote from a lock, that lock continues to vote on the same pools with the same allocation percentages automatically in every epoch until you decide to reset the lock. Trading fees and voting incentives are claimable as a lump sum after each Epoch concludes.

Timeline

Voting stops Wednesdays at 23:00 UTC for each epoch. No voting will take place in the final hour of each epoch as this time is reserved for protocol operations/automations.

Rewards

Voting rewards for a given epoch will appear in your Portfolio after the epoch change on Thursday at 00:00 UTC. Rebase rewards for new locks will appear after the second epoch change.