Stakeholders

For veROX holders, the following three core functionalities have been designed:

Locking Logic:

• Stake ROX to obtain a veNFT, which records the locked amount, expiration date, and veROX quantity.

• Maximum lock duration: 365 days.

• veROX calculation: ROX quantity * stake duration / maximum lock duration.

• veNFTs can be transferred, combined, or split.

• When merging, the new stake duration aligns with the longer of the two NFTs' maximum lock durations.

Voting Logic:

• Cast votes in the respective pools, with voters eligible to receive 40% of the pool's fees + XX% ROX inflation.

• Distribute ROX inflation to LP stake pools and leaderboard pools based on voting proportions.

Treasury Logic:

• 10% of fees are deposited into the Treasury.

• BOND Mechanism:

  • When ROX falls below a specified price, users can exchange it for U, with a linear release over 7 days.

  • When ROX rises above a specified price, users can exchange U for ROX, also with a linear release over 7 days.

  • (Pending confirmation) The sum of the purchase quantity and BOND pending quantity should not exceed the total veROX holdings.