Ociswap | Radix DEX
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SPLASH

Learn about Ociswap's SPLASH NFT.

PreviousOCINextoOci

Last updated 8 months ago

The SPLASH 2.0 system will only commence after the involved components have been audited by Hacken. The code has already been submitted, meaning the audit is currently pending.

$SPLASH is a non-fungible token (NFT) that contains voting power. This voting power is based on the duration and amount of OCI tokens that are locked in dedicated . The holders can use this power to vote on the platform's gauges. These gauges determine the distribution of incentives across Ociswap's liquidity pools.

Utility

  • Gauge Voting: holders are granted the opportunity to cast their votes on a weekly basis, influencing the allocation of PURR emissions for the subsequent .

  • Accumulate Pool Fees: all voters share 10% of the fees that are accumulated in the pool they voted for.

  • Bribe Revenue: voters share 100% of the bribes that were assigned to the pools they voted for.

  • Governance Rights: holders are contributing to the platform's ongoing development by participating in governance processes, including casting votes on proposed protocol enhancements. This feature is to be implemented at a later stage.

Lock Duration

To promote long-term involvement and loyality, the $SPLASH voting power diminishes as time progresses, hitting zero by the time the underlying tokens are unlocked.

Participants choosing longer token-locking periods benefit from greater voting sway on the platform's gauges (). This arrangement rewards lasting commitment and builds a more resilient governance structure, as the lock-up period makes participants more inclined to cast votes that support the advancement and interests of the protocol, rather than those which may negatively impact its overall progress and functionality.

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